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Brueckner, Jan K. - CESifo - 2005

This paper uses an endogenous-growth model with overlapping generations to explore the connection between fiscal federalism and economic growth. The analysis shows that federalism, which allows public-good levels to be tailored to suit the differing demands of young and old consumers, who live...

Persistent link: https://www.econbiz.de/10005765845

Ageing and Growth in the Small Open Economy

Heijdra, Ben J.; Romp, Ward E. - CESifo - 2006

We construct an overlapping generations model for the small open economy whichincorporates a realistic description of the mortality process. Agents engage in educational activities at the start of life and thus create human capital to be used later on in life for production purposes. Depending...

Persistent link: https://www.econbiz.de/10005094204

Immigration, Fertility, and Human Capital: A Model of Economic Decline of the West

Azarnert, Leonid V. - CESifo - 2010

I show how the influences of unskilled immigration, differential fertility between immigrants and the local indigenous population, and incentives for investment in human capital combine to predict the decline of the West. In particular, indigenous low-skilled workers lose from unskilled...

Persistent link: https://www.econbiz.de/10008583706

Guest-Worker Migration, Human Capital and Fertility

Azarnert, Leonid V. - CESifo - 2011

This work focuses on a temporary guest-worker-type migration of individuals from the middle class of the wealth distribution. The article demonstrates that the possibility of a low-skilled guest-worker employment in a higher wage foreign country lowers the relative attractiveness of the skilled...

Persistent link: https://www.econbiz.de/10009020797

Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study

Ristuccia, Cristiano Andrea; Solomou, Solomos - CESifo - 2014

Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …

Persistent link: https://www.econbiz.de/10010748306

Second-Best Income Taxation with Endogenous Human Capital and Borrowing Constraints

Jacobs, Bas; Yang, Hongyan - CESifo - 2013

We formulate a two-period life-cycle model of saving, labor supply, and human capital investments when individuals differ in ability and initial wealth. Borrowing constraints prevent individuals to optimally smooth consumption over the life-cycle and to optimally invest in human capital. We show...

Persistent link: https://www.econbiz.de/10010877891

Optimal Taxation of Risky Human Capital

Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - CESifo - 2009

In a model with ex-ante homogenous households, earnings risk and a general earnings function, we derive the optimal linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against incentives to work and to invest in human capital....

Persistent link: https://www.econbiz.de/10005094432

Educational and Wage Risk: Social Insurance vs. Quality of Education

Schindler, Dirk; Weigert, Benjamin - CESifo - 2008

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...

Persistent link: https://www.econbiz.de/10005181339

Taxing Human Capital Efficiently: The Double Dividend of Taxing Non-qualified Labour more Heavily than Qualified Labour

Richter, Wolfram F. - CESifo - 2006

Assuming decreasing returns to education and the endogenous supply of qualified and non-qualified labour it is shown to be efficient to supplement a consumption tax with positive incentives for education. If the return from education is isoelastic and if the choice is between (i) subsidizing the...

Persistent link: https://www.econbiz.de/10005405816

Does the Tax System Encourage too much Education?

Alstadsæter, Annette - CESifo - 2001

investments, and it reduces the price of education as a consumption good. By introducing a progressive labour income tax, the …

Persistent link: https://www.econbiz.de/10005406127

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