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The Intergenerational Transmission of Welfare Dependency

de Haan, Monique - 2018

parental welfare participation for children from marginal welfare participants, we know very little about intergenerational … spillovers of welfare participation onto the children of average welfare participants. By combining rich administrative data from … welfare participation on children's welfare participation in the general population, as well as the average causal effect for …

Persistent link: https://www.econbiz.de/10012912430

Coordinating Intergenerational Redistribution and the Repayment of Public Debt

March, Christoph - 2016

Is there a link between public debt and wealth inequality? Could government bondholders use intra-generational redistribution strategically to make the repayment of debt politically viable? Using a two-generations game-theoretic model, we identify coordination and divide-and-conquer as key...

Persistent link: https://www.econbiz.de/10012980578

Resolving Intergenerational Conflict Over the Environment Under the Pareto Criterion

Andersen, Torben M. - 2016

We describe a “business as usual” (BAU) economy in which pollution is a by-product of productive activity by the current generation but “damages” production for future generations. Over time, conditions in the BAU economy become dire: it gets increasingly polluted, consumption falls and...

Persistent link: https://www.econbiz.de/10012981351

Fair Intergenerational Utilitarianism : Risk, its Resolution Over Time, and Discounting

Piacquadio, Paolo G. - 2015

The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...

Persistent link: https://www.econbiz.de/10013030316

Trading Off Generations : Infinitely Lived Agent Versus OLG

Schneider, Maik T. - 2012

The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent...

Persistent link: https://www.econbiz.de/10013110081

Human Capital, Social Mobility and the Skill Premium

Angelopoulos, Konstantinos - 2013

This paper develops a dynamic general equilibrium model to highlight the role of human capital accumulation of agents differentiated by skill type in the joint determination of social mobility and the skill premium. We first show that our model captures the empirical co-movement of the skill...

Persistent link: https://www.econbiz.de/10013075985

Income Taxation, Tuition Subsidies, and Choice of Occupation : Implications for Production Efficiency

Bjertnæs, Geir H. - 2006

lifetime income net of tuition costs. Efficient revenue raising implies that the government should trade off efficiency in … production for efficiency in intertemporal consumption, as capital income is taxed in optimum. The subsequent wage difference …

Persistent link: https://www.econbiz.de/10012783359

Returns to On-the-Job Search and the Dispersion of Wages

Gottfries, Axel - 2017

A wide class of models with On-the-Job Search (OJS) predicts that workers gradually select into better-paying jobs. We develop a simple methodology to test predictions implied by OJS using two sources of identification: (i) time-variation in job-finding rates and (ii) the time since the last...

Persistent link: https://www.econbiz.de/10012956895

Efficient Education Policy - A Second-Order Elasticity Rule

Richter, Wolfram F. - 2021

Assuming a two-period model with endogenous choices of labour, education, and saving, efficient education policy is characterized for a Ramsey-like scenario in which the government is constrained to use linear instruments. It is shown that education should be effectively subsidized if, and only...

Persistent link: https://www.econbiz.de/10013316238

Optimal Taxation of Human Capital and the Earnings Function

Jacobs, Bas; Bovenberg, A. Lans - 2021

This paper explores how the specification of the earnings function impacts the optimal tax treatment of human capital. If education is complementary to labor effort, education should be subsidized to offset tax distortions on labor supply. However, if most of the education is enjoyed by high...

Persistent link: https://www.econbiz.de/10013316559