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Redistribution and Education Subsidies are Siamese Twins

Bovenberg, A Lans; Jacobs, Bas - C.E.P.R. Discussion Papers - 2001

We develop a model of human capital formation with endogenous labour supply and heterogeneous agents to explore the optimal level of education subsidies along with the optimal progressive schedule of the labour income tax and optimal capital income taxes. Subsidies on education ensure efficiency...

Persistent link: https://www.econbiz.de/10005504308

Guide to Reform of Higher Education: A European Perspective

Jacobs, Bas; van der Ploeg, Frederick - C.E.P.R. Discussion Papers - 2005

Although there are exceptions, most European universities and institutions of higher education find it difficult to compete with the best universities in the Anglo-Saxon world. Despite the Bologna agreement and the ambitions of the Lisbon agenda, European universities are in need of fundamental...

Persistent link: https://www.econbiz.de/10005067399

Labour Mobility and Fiscal Coordination: Setting Growth Agenda for an Economic Union

Razin, Assaf; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 1996

Using a human-capital-based growth model, we show the essential role of labour mobility and cross-country tax harmonization in equalizing income levels of countries that start off from different initial income positions. Knowledge spillovers cum labour mobility are the driving forces behind the...

Persistent link: https://www.econbiz.de/10005666441

Human Capital and Optimal Positive Taxation of Capital Income

Bovenberg, A Lans; Jacobs, Bas - C.E.P.R. Discussion Papers - 2005

This paper analyzes optimal linear taxes on capital and labour incomes in a life-cycle model of human capital investment, financial savings, and labour supply with heterogenous individuals. A dual income tax with a positive marginal tax rate on not only labour income but also capital income is...

Persistent link: https://www.econbiz.de/10005123828

China's Latent Human Capital Investment: Achieving Milestones and Competing for the Top

Constant, Amelie; Meng, Jingzhou; Tien, Bienvenue; … - C.E.P.R. Discussion Papers - 2011

In this paper we provide an overview of China’s human capital strategy and educational achievements over the last two decades. While every one acknowledges China as an economic superpower, very few are aware of or realize China’s notable achievements in education as well as its...

Persistent link: https://www.econbiz.de/10009002385

The Choice and Timing of Foreign Market Entry under Uncertainty

Pennings, Enrico; Sleuwaegen, Leo - C.E.P.R. Discussion Papers - 2000

This paper sheds new light on why timing and entry mode should be considered simultaneously. We derive the profit levels at which it is optimal to switch from exporting to setting up a wholly owned subsidiary, creating a joint venture, or licensing production to a local firm. The preferred entry...

Persistent link: https://www.econbiz.de/10005792542

Shareholders and Stakeholders: Human Capital and Industry Equilibrium

Ippolito, Roberto; Miller, Marcus; Zhang, Lei - C.E.P.R. Discussion Papers - 1997

Producing high technology output and supplying sophisticated services often involves costly investment in industry-specific skills. But the threat of poaching means that it is the individual ‘stakeholder’, not the firm, who must bear the cost. We investigate various mechanisms for funding...

Persistent link: https://www.econbiz.de/10005504300

Returns to Tenure or Seniority?

Buhai, Ioan Sebastian; Portela, Miguel; Teulings, Coen N; … - C.E.P.R. Discussion Papers - 2008

consider the effects of Employment Protection Legislation and risk aversion. …

Persistent link: https://www.econbiz.de/10005504553

Political Risk And Irreversible Investment: Theory And An Application To Quebec

Altug, Sumru G.; Demers, Fanny S; Demers, Michel - C.E.P.R. Discussion Papers - 2000

Political risk is widely present in developing but also in developed countries, and stems from a variety of sources …. The objective of this paper is twofold. First, we develop a theoretical model to investigate the impact of political risk … on irreversible investment. Second, we apply our model to an analysis of the risk of separation of the province of Quebec …

Persistent link: https://www.econbiz.de/10005114366

Taxing Capital? Not a Bad Idea After All!

Conesa, Juan Carlos; Kitao, Sagiri; Krueger, Dirk - C.E.P.R. Discussion Papers - 2006

In this paper we quantitatively characterize the optimal capital and labor income tax in an overlapping generations model with idiosyncratic, uninsurable income shocks, where households also differ permanently with respect to their ability to generate income. The welfare criterion we employ is...

Persistent link: https://www.econbiz.de/10005666638

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