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Immigration, Fertility, and Human Capital : A Model of Economic Decline of the West
Azarnert, Leonid V. - 2011
redistribution, do not compete with immigrants in the labor market, and do not compete with immigrants for publicly financed income …
Persistent link: https://www.econbiz.de/10013133620
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Integration, Mobility, and Human Capital Formation
Haupt, Alexander - 2010
In this note, we show that labour market integration can be a double-edged sword. In the presence of local human capital externalities, integration and the ensuing agglomeration of skilled labour can cause a decline in human capital and the total wage sum (net of education costs). In particular,...
Persistent link: https://www.econbiz.de/10013137447
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Integrated Public Education, Fertility and Human Capital
Azarnert, Leonid V. - 2011
This article analyzes the consequences of integration in public education. I show that the flight from the integrated multicultural public schools to private education increases private educational expenditures and, as a result, decreases fertility among more affluent parents whose children...
Persistent link: https://www.econbiz.de/10013121202
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Guest-Worker Migration, Human Capital and Fertility
Azarnert, Leonid V. - 2011
This work focuses on a temporary guest-worker-type migration of individuals from the middle class of the wealth distribution. The article demonstrates that the possibility of a low-skilled guest-worker employment in a higher wage foreign country lowers the relative attractiveness of the skilled...
Persistent link: https://www.econbiz.de/10013125698
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Second-Best Income Taxation with Endogenous Human Capital and Borrowing Constraints
Jacobs, Bas - 2013
-cycle and to optimally invest in human capital. We show that the optimal linear income tax is positive - even in the absence of … any redistributional concerns. A progressive income tax is efficient because it relaxes borrowing constraints by … better and investments in human capital increase. The progressive income tax is a second-best instrument to correct the non …
Persistent link: https://www.econbiz.de/10013084907
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Optimal Taxation of Risky Human Capital
Jacobs, Bas - 2009
linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against …
Persistent link: https://www.econbiz.de/10012765194
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Optimal Policy and the Risk Properties of Human Capital Reconsidered
Anderberg, Dan - 2008
This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is demonstrated that a key feature of human capital investments is whether they increase or decrease wage risk. In a benchmark model it is shown that this feature alone determines...
Persistent link: https://www.econbiz.de/10012768814
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Fertility, Human Capital Accumulation, and the Pension System
Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - 2021
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/10013316338
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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
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Human Capital Formation and Tax Evasion
Goerke, Laszlo - 2012
A strictly risk-averse individual with an exogenous gross income in period one can acquire human capital in the same … period and evade taxes. Period-two income rises with educational investments in period one and can also be hidden from tax …
Persistent link: https://www.econbiz.de/10013111366