Narrow search
Showing 1 - 10 of 111
Cover Image
Unequal Opportunities and Human Capital Formation
Mejía, Daniel; St-Pierre, Marc - CESifo - 2005
endowments of the factors that complement the schooling process. The paper explores the relationship between inequality of … opportunities, inequality of outcomes, and efficiency in human capital formation. Using numerical solutions we study how the …-preserving spread and a change in the support. The results suggest that a higher degree of inequality of opportunities is associated …
Persistent link: https://www.econbiz.de/10005094283
Cover Image
The Dynamic Implications of Liberalizing Global Migration
Delogu, Marco; Docquier, Frédéric; Machado, Joël - CESifo - 2014
inequality are gradual and cumulative. In case of a complete liberalization, the world average level of GDP per worker increases … by 20 percent in the short-run, and by more than 55 percent after 50 years. The world average index of inequality … identifying assumptions. We also analyze partial liberalization shocks: efficiency and inequality effects are roughly proportional …
Persistent link: https://www.econbiz.de/10010736743
Cover Image
Competition in Funding Higher Education
Eckwert, Bernhard; Zilcha, Itzhak - CESifo - 2011
In higher education pure credit market funding leads to underinvestment while income-contingent loans funding tends to produce overinvestment. We analyze whether a market structure in which both funding schemes coexist and compete against each other might restore efficiency of the educational...
Persistent link: https://www.econbiz.de/10009320782
Cover Image
The Theory of Human Capital Revisited: On the Interaction of General and Specific Investments
Kessler, Anke S.; Lülfesmann, Christoph - CESifo - 2002
Human capital theory distinguishes between training in general-usage and firm-specific skills. In his seminal work, Becker (1964) argues that employers will not be willing to invest in general training when labor markets are competitive. However, they are willing to invest in specific training...
Persistent link: https://www.econbiz.de/10005766086
Cover Image
On Human Capital Formation with Exit Options: Comment and New Results
Poutvaara, Panu - CESifo - 2006
Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration, region-specific shocks may increase the average level of education. Previously, Poutvaara (2000) derived a corresponding result with Cobb-Douglas technology and migration which...
Persistent link: https://www.econbiz.de/10005181463
Cover Image
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
Cover Image
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
Cover Image
Educational and Wage Risk: Social Insurance vs. Quality of Education
Schindler, Dirk; Weigert, Benjamin - CESifo - 2008
-specific tuition fees. Educational risk of failure and inequality between skilled and unskilled workers are mitigated ex ante by …
Persistent link: https://www.econbiz.de/10005181339
Cover Image
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
Cover Image
Does the Tax System Encourage too much Education?
Alstadsæter, Annette - CESifo - 2001
This paper provides an efficiency argument in favour of progressive labour income taxation. When the consumer faces a trade-off between investments in financial and human capital, a proportional comprehensive income tax tends to discriminate in favour of human capital investments. This effect is...
Persistent link: https://www.econbiz.de/10005406127