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model with idiosyncratic labor income risk. In our model economy, even a moderate earnings testing reduces individuals …
Persistent link: https://www.econbiz.de/10003514448
, either country may be unable to pay for promised benefits when labor becomes mobile. -- social security ; education …
Persistent link: https://www.econbiz.de/10003085746
This paper analyzes simultaneous voting on the wage tax rate and investment in public education with three overlapping generations and productivity differences inside each cohort. Wage tax revenue finances public education and social security benefits. The presence of productivity differences...
Persistent link: https://www.econbiz.de/10002501914