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Optimal Income Taxation with Endogenous Human Capital
Jacobs, Bas - Tinbergen Instituut - 2002
This paper augments the theory of optimal linear income taxation by taking into account human capital accumulation as a dimension of labor supply. The distribution of earning potentials is endogenous because agents differ in the ability to learn. Taxation affects utilization rates of human...
Persistent link: https://www.econbiz.de/10011257538
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Human Capital and Retirement
Alders, Peter - Tinbergen Instituut - 1999
relation isexamined in a life-cycle earnings model. An employee works full timeuntil retirement. The worker accumulates human …
Persistent link: https://www.econbiz.de/10011257577
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The Time-Varying Volatility of Earnings and Aggregate Precautionary Savings
Pozzi, Lorenzo - Tinbergen Instituut - 2011
variance of earnings of individual households. Specifications estimated are standard and quadratic ARCH and GARCH processes … impact on aggregate consumption growth implying that earnings uncertainty and precautionary saving motives matter for the … aggregate economy. The estimation of a buffer stock model of consumption with time-varying earnings uncertainty provides an …
Persistent link: https://www.econbiz.de/10011255920