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Optimal Redistributive Tax and Education Policies in General Equilibrium
Jacobs, Bas - CESifo - 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/10005406088
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Catalysts for Social Insurance: Education Subsidies vs. Real Capital Taxation
Schindler, Dirk; Yang, Hongyan - CESifo - 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/10008833884
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Investment Effects of Wealth Taxes Under Uncertainty and Irreversiblity
Niemann, Rainer - 2015
effects (accelerated investment due to higher wealth tax rates) are more likely for low interest rates and for high-risk … indicate that wealth taxes are particularly harmful for specific classes of investments, for example low-risk investments …
Persistent link: https://www.econbiz.de/10013009873
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Uncertainty and the Employment Dynamics of Small and Large Businesses
Ghosal, Vivek - 2014
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regression-based forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate...
Persistent link: https://www.econbiz.de/10013043595
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Does Military Draft Discourage Enrollment in Higher Education? Evidence from OECD Countries
Keller, Katarina R. I.; Poutvaara, Panu; Wagener, Andreas - 2021
Using data from 1960-2000 for OECD countries, we analyze the impact of compulsory military service on the demand for higher education, measured by students enrolled in tertiary education as a share of the working-age population. Based on a theoretical model, we hypothesize that military draft...
Persistent link: https://www.econbiz.de/10013316296
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Private Investment in Higher Education: Comparing Alternative Funding Schemes
Eckwert, Bernhard; Zilcha, Itzhak - CESifo - 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/10005405995
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Optimal Taxation of Risky Human Capital
Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - CESifo - 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/10005094432
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Fertility, Human Capital Accumulation, and the Pension System
Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre - CESifo - 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/10005029262
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Subsidizing Enjoyable Education
Dur, Robert; Glazer, Amihai - CESifo - 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/10005405812
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Irreversible Investment under Interest Rate Variability: New Results
Alvarez, Luis H. R.; Koskela, Erkki - CESifo - 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/10005094164