Narrow search
Showing 1 - 10 of 344
Cover Image
The Impact of Tax Uncertainty on Irreversible Investment
Niemann, Rainer - 2021
Tax legislation, fiscal authorities, and tax courts create tax uncertainty by frequent tax reforms and various different interpretations of the tax law. Moreover, investors generate model-specific tax uncertainty by using simplified models that anticipate the actual tax base incorrectly. I...
Persistent link: https://www.econbiz.de/10013316889
Cover Image
Optimal redistributive tax and education policies in general equilibrium
Jacobs, Bas - 2007
Should a redistributive government optimally subsidize education to provoke a reduction in the skill premium through general equilibrium effects on wages? To answer this question, this paper studies optimal linear and non-linear redistributive income taxes and education subsidies in two-type...
Persistent link: https://www.econbiz.de/10010264262
Cover Image
Optimal Linear Income Taxation and Education Subsidies under Skill-Biased Technical Change
Jacobs, Bas; Thuemmel, Uwe - 2020
This paper studies how linear tax and education policy should optimally respond to skill-biased technical change (SBTC). SBTC affects optimal taxes and subsidies by changing i) direct distributional benefits, ii) indirect redistributional effects due to wage-(de)compression, and iii) education...
Persistent link: https://www.econbiz.de/10012492951
Cover Image
Catalysts for social insurance: Education subsidies vs. real capital taxation
Schindler, Dirk; Yang, Hongyan - 2010
To analyze the optimal social insurance package, we set up a two-period life-cycle model with risky human capital investment in which the government has access to labor taxation, education subsidies and capital taxation. Social insurance is provided by redistributive labor taxation. Moreover,...
Persistent link: https://www.econbiz.de/10010274987
Cover Image
Private investment in higher education: comparing alternative funding schemes
Eckwert, Bernhard; Zilcha, Itzhak - 2008
This paper uses an overlapping generations framework to analyze the implications of different financing regimes in the education sector for human capital formation and economic welfare. Agents privately invest in education after they have received a noisy information signal about their...
Persistent link: https://www.econbiz.de/10010264435
Cover Image
Optimal taxation of risky human capital
Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - 2009
In a model with ex-ante homogenous households, earnings risk and a general earnings function, we derive the optimal … (overinvestment) in education due to risk. Education policy unambiguously allows for more social insurance if education is a risky … activity. However, if education hedges against labor market risk, optimal tax rates could be lower than without education …
Persistent link: https://www.econbiz.de/10010264542
Cover Image
Fertility, human capital accumulation, and the pension system
Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - 2009
This paper provides a unified treatment of externalities associated with fertility and human capital accumulation as they relate to pension systems. It considers as overlapping generations model in which every generation consists of high earners and low earners with the proportion of types being...
Persistent link: https://www.econbiz.de/10010266047
Cover Image
Subsidizing enjoyable education
Dur, Robert A. J.; Glazer, Amihai - 2005
We explain why means-tested college tuition and means-tested government grants to college students can be efficient. The critical idea is that attending college is both an investment good and a consumption good. If education has a consumption benefit and tuition is uniform, the marginal rich...
Persistent link: https://www.econbiz.de/10010261346
Cover Image
Returns to tenure or seniority?
Buhai, I. Sebastian; Portela, Miguel; Teulings, Coen N.; … - 2008
consider the effects of Employment Protection Legislation and risk aversion. …
Persistent link: https://www.econbiz.de/10010276980
Cover Image
Irreversible Investment under Interest Rate Variability: New Results
Alvarez, Luis H. R.; Koskela, Erkki - 2002
The current extensive literature on irreversible investment decisions makes the assumption of constant interest rate. In this paper we study the impact of interest rate and revenue variability on the decision to carry out an irreversible investment project. Given the generality of the considered...
Persistent link: https://www.econbiz.de/10010315285