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Richter, Wolfram F. - 2009

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient to deviate from Ramsey's Rule and to distort qualified labour less than nonqualified labour. The result holds for arbitrary utility and learning functions. Efficient...

Persistent link: https://www.econbiz.de/10003818036

Efficient education policy : a second-order elasticity rule

Richter, Wolfram F. - 2010

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/10003940093

Taxing human capital efficiently when qualified labour is mobile

Richter, Wolfram F.; Kunze, Lars - 2011

The paper studies the effect that skilled labour mobility has on efficient education policy. The model is one of two periods in which a representative taxpayer decides on labour, education, and saving. The government can only use linear tax and subsidy instruments. It is shown that the mobility...

Persistent link: https://www.econbiz.de/10009011363

Education : optimal choice and efficient policy

Richter, Wolfram F.; Schneider, Kerstin - 2015 - This is a fully rev. and extended version

The research on earnings determination is based on the Mincer-Becker assumption that individuals decide on schooling by maximizing income. This paper offers an alternative and less restrictive approach based on utility maximization. Using this approach, we analyze the efficiency of education...

Persistent link: https://www.econbiz.de/10010518790

Technology, market structure and the gains from trade

Impullitti, Giammario; Licandro, Omar; Rendahl, Pontus - 2017

We study the gains from trade in an economy with oligopolistic competition, firm heterogeneity, and innovation …. In addition to markups, selection and innovation provide additional channels through which the trade-induced effect on … channels; we find that innovation plays a small but non-negligible role, while the main component is equally split between the …

Persistent link: https://www.econbiz.de/10011750054

Technology, market structure and the gains from trade

Impullitti, Giammario; Licandro, Omar; Rendahl, Pontus - 2021

We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation, and … concentration contributes substantially to the gains from trade, mostly via its stimulating effect on innovation. Sizeable gains …

Persistent link: https://www.econbiz.de/10012507344