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Redistribution and education subsidies are siamese twins

Bovenberg, Ary Lans; Jacobs, Bas - 2003

We develop models of optimal linear and non-linear income taxation with endogenous human capital formation to explore optimal education subsidies. Optimal subsidies on education ensure efficiency in human capital accumulation and thus play an important role in alleviating the tax distortions on...

Persistent link: https://www.econbiz.de/10011343324

Efficient progressive taxes and education subsidies

Ewijk, Casper van; Tang, Paul J. G. - 2001

Progressive income taxes moderate wage demands by trade unions and thereby reduce unemployment, but alsothey reduce incentives to acquire skills and lower productivity of workers. The optimal response of the governmentto this dilemma is to choose a system of progressive taxes and to (partly)...

Persistent link: https://www.econbiz.de/10011313934

The option value of vacant land : don't build when demand for housing is booming

Lange, Rutger-Jan; Teulings, Coen N. - 2021

Urban structures and urban growth rates are highly persistent. This has far-reaching implications for the optimal size and timing of new construction. We prove that rational developers postpone construction not because prospects are gloomy, but because they are bright. The slow mean reversion in...

Persistent link: https://www.econbiz.de/10012434073

Capital market failure, adverse selection and equity financing of higher education

Jacobs, Bas; Wijnbergen, Sweder van - 2005

debt markets and becauseinsurance markets for human capita1 related risk are absent. Lega1limitations on the use of human …

Persistent link: https://www.econbiz.de/10011343276

Human capital and optimal positive taxation of capital income

Jacobs, Bas; Bovenberg, Ary Lans - 2005

This paper analyzes optimal linear taxes on capital and labor incomes in a life-cyclemodel of human capital investment, financial savings, and labor supply with heteroge-nous individuals. A dual income tax with a positive marginal tax rate on not onlylabor income but also capital income is...

Persistent link: https://www.econbiz.de/10011343277

Optimal linear income taxation and education subsidies under skill-biased technical change

Jacobs, Bas; Thuemmel, Uwe - 2020

This paper studies how linear tax and education policy should optimally respond to skill-biased technical change (SBTC). SBTC affects optimal taxes and subsidies by changing i) direct distributional benefits, ii) indirect redistributional effects due to wage-(de)compression, and iii) education...

Persistent link: https://www.econbiz.de/10012404177

Progressive taxes, equity, and human capital accumulation in an endogenous model with overlapping generations

Bovenberg, Ary Lans; Ewijk, Casper van - 1995

Persistent link: https://www.econbiz.de/10000918357

Capital market failure, adverse selection and equity financing of higher education

Jacobs, Bas; Wijnbergen, Sweder van - 2005

Persistent link: https://www.econbiz.de/10002768362

Earnings risk and demand for higher education

Hartog, Joop; Diaz-Serrano, Luis - 2002

pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and … to estimate individual response to earnings risk in deciding on attending university education, by measuring risk as the … risk aversion, the response may be reversed to positive. …

Persistent link: https://www.econbiz.de/10011327826

Earnings risk and demand for higher education - a cross-section test for Spain

Hartog, Joop; Diaz Serrano, Luis - 2002

Persistent link: https://www.econbiz.de/10001726767

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