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Human capital and optimal redistribution

Koeniger, Winfried; Prat, Julien - 2014

We characterize optimal redistribution in a dynastic family model with human capital. We show how a government can …

Persistent link: https://www.econbiz.de/10010440541

Child labor and the education of a society

Bell, Clive; Gersbach, Hans - 2001

We examine economic growth, inequality and education when the wellspring of growth is the formation of human capital through a combination of the quality of child-rearing and formal schooling. The existence of multiple steady states is established, including a poverty trap, wherein children work...

Persistent link: https://www.econbiz.de/10011403095

The economics of human cloning

Saint-Paul, Gilles - 2000

In this paper, we analyze the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone?s income can be appropriated by its model. Only people with the highest ability are cloned, while people at...

Persistent link: https://www.econbiz.de/10001545534

Efficient subsidization of human capital accumulation with overlapping generations and endogenous growth

Richter, Wolfram F.; Braun, Christoph - 2009

This paper studies second-best policies in an OLG model in which endogenous growth results from human capital accumulation. When young, individuals decide on education, saving, and nonqualified labour. When old, individuals supply qualified labour. Growth equilibria are inefficient in...

Persistent link: https://www.econbiz.de/10003926427

Pareto-improving bequest taxation

Grossmann, Volker (contributor); Poutvaara, Panu (contributor) - 2006

Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show that in the presence of wage taxation, a small bequest tax may improve efficiency in an overlapping-generations framework with only intended bequests, by enhancing incentives of...

Persistent link: https://www.econbiz.de/10003465882

Redistribution and insurance with simple tax instruments

Findeisen, Sebastian; Sachs, Dominik - 2015

provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …

Persistent link: https://www.econbiz.de/10011283108

Optimal wage redistribution in the presence of adverse selection in the labor market

Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2015

In this paper we allude to a novel role played by the non-linear income tax system in the presence of adverse selection in the labor market due to asymmetric information between workers and firms. We show that an appropriate choice of the tax schedule enables the government to affect the wage...

Persistent link: https://www.econbiz.de/10011289068

Dynastic human capital, inequality and intergenerational mobility

Adermon, Adrian; Lindahl, Mikael; Palme, Mårten - 2019

We study the importance of the extended family - the dynasty - for the persistence in inequality across generations. We use data including the entire Swedish population, linking four generations. This data structure enables us to identify parents' siblings and cousins, their spouses, and the...

Persistent link: https://www.econbiz.de/10012002423

Income inequality, equality of opportunity, and intergenerational mobility

Corak, Miles - 2013

Families, labor markets, and public policies all structure a child's opportunities and determine the extent to which adult earnings are related to family background. Cross-country comparisons and the underlying trends suggest that these drivers will most likely lower the degree of...

Persistent link: https://www.econbiz.de/10009777000

Opportunity and inequality across generations

Koeniger, Winfried; Zanella, Carlo - 2022

We evaluate a temporary public sector employment program targeted at individuals with weak labor market attachment, applying dynamic inverse probability weighting to account for dynamic selection. We show that the program is successful in increasing employment and reducing social assistance....

Persistent link: https://www.econbiz.de/10012879620

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