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Taxing human capital efficiently: the double dividend of taxing non-qualified labour more heavily than qualified labour

Richter, Wolfram F. - 2006

Assuming decreasing returns to education and the endogenous supply of qualified and nonqualified 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/10010264005

Human capital and the Feldstein-Horioka puzzle

Katsimi, Margarita; Moutos, Thomas - 2007

In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.

Persistent link: https://www.econbiz.de/10010264066

Push or pull?: an empirical analysis of the demand for individual project grants from the Swiss National Science Foundation

Wolter, Stefan C.; Hübschi, Rémy; Müller, Matthias - 2007

This study empirically analyses on the basis of a panel of grant requests to the Swiss National Science Foundation (SNSF. From the results it can be concluded, that the different scientific disciplines react in very different ways to the institutional and financial framework conditions set by...

Persistent link: https://www.econbiz.de/10010264096

Real options and human capital investment

Jacobs, Bas - 2007

This paper extends the standard human capital model with real options. Real options influence investment behavior when risky investments in human capital are irreversible and individuals can affect the timing of the investment. Option values make individuals more reluctant to invest in human...

Persistent link: https://www.econbiz.de/10010264119

Title IX and the evolution of high school sports

Stevenson, Betsey - 2007

The passage of Title IX, the 1972 Education Amendments to the Civil Rights Act, expanded high school athletic opportunities to include girls, revolutionizing mass sports participation in the United States. This paper analyzes high school athletic participation in the United States and how sports...

Persistent link: https://www.econbiz.de/10010264259

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

Is Prescott right?: welfare state policies and the incentives to work, learn and retire

Jacobs, Bas - 2008

This paper bolsters Prescott's (2004) claim that high taxes are responsible for lacklustre labor market performance in continental European countries. We develop a lifecycle model with endogenous skill formation, endogenous labor supply, and endogenous retirement. Labor taxation distorts not...

Persistent link: https://www.econbiz.de/10010264345

Insuring educational risk: opportunities versus income

Schindler, Dirk; Weigert, Benjamin - 2008

We develop a model of education where individuals face educational risk. Successfully entering the skilled labor sector depends on individual effort in education and public resources, but educational risk still causes (income) inequality. We show that an optimal public policy consists of...

Persistent link: https://www.econbiz.de/10010264398

Educational and wage risk: social insurance vs. quality of education

Schindler, Dirk; Weigert, Benjamin - 2008

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled sector, successful graduation depends both on individual effort to study and on public resources. We show that insuring the present risks is a dichotomic task: Wage risk is...

Persistent link: https://www.econbiz.de/10010264529

The quantity and quality of teachers: a dynamic trade-off

Gilpin, Gregory; Kaganovich, Michael - 2009

We study the dynamics of the quantity and quality of teachers in the framework of dynamic general equilibrium OLG model … student while being bound by teachers' collective bargaining agreement which equalizes teacher pay. Our model features two … stages of education: basic and advanced (college), the latter being required of teachers. The cost of hiring teachers is …

Persistent link: https://www.econbiz.de/10010264532