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capital gain position of the fund. This paper's simulations show that these externalities are important determinants of the …
Persistent link: https://www.econbiz.de/10012471098
these externalities exist. I assess and implement two strategies for identifying the effects of educational attainment. One …
Persistent link: https://www.econbiz.de/10012469111
This paper explores how explicit incorporation of human capital affects dynamic general equilibrium analysis of the effects of taxes on capital formation and welfare in a life-cycle growth model. In contrast to the results of partial equilibrium analysis, we find that estimates of the full...
Persistent link: https://www.econbiz.de/10012476155
I study the allocation of human capital in an economy with production externalities, financial constraints and career … choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but …
Persistent link: https://www.econbiz.de/10012465087
capital spillovers can in theory increase aggregate productivity over and above the direct effect of human capital on … externalities that accrue to local geographic areas. The focus of the paper is on the empirical issues that arise in identifying … these externalities and on the existing empirical evidence on their magnitude. This paper was prepared as a chapter for the …
Persistent link: https://www.econbiz.de/10012469057
This paper discusses the importance of incorporating personal assistance into interventions aimed at improving long-term education and labor market success. While existing research demonstrates the cost-effectiveness of low-touch behavioral nudges, this paper argues that the dynamic nature of...
Persistent link: https://www.econbiz.de/10014372463
Missing from recent discussions of tax reform is any systematic analysis of the effects of various tax proposals on skill formation. This gap in the literature in empirical public finance is due to the absence of any empirically based general equilibrium models with both human capital formation...
Persistent link: https://www.econbiz.de/10012472343
predators. Our theory predicts that, if producers choose choose the amount of guarding against predators, then the well endowed …
Persistent link: https://www.econbiz.de/10012472405
This paper considers the effects of fiscal and financial policy on economic growth in open and closed economies, when human capital formation by young households is constrained by the illiquidity of human wealth. Both endogenous and exogenous growth versions of the basic OLG model are analyzed....
Persistent link: https://www.econbiz.de/10012473766
The non-existence of credit markets implies that initial income is a determinant of who actually obtains an education. We consider the outcome of a process in which income is taxed to provide subsidies for education. and taxes are chosen by majority voting. We characterize the outcome as a...
Persistent link: https://www.econbiz.de/10012474986