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Migration between countries with earnings-related and flat-rate pay-as-you-go social security systems may change human … capital investments in both countries. The possibility of emigration boosts investments in human capital in the country with … countries, allowing for migration may generate a Pareto-improvement for all current and future generations. Without transfers …
Persistent link: https://www.econbiz.de/10010267335
Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration … result with Cobb-Douglas technology and migration which may go in both directions. This paper shows that the exit option may …
Persistent link: https://www.econbiz.de/10010267605
migration is impossible, a utilitarian government may even transfer income from the poor to the rich, reducing the rents earned …
Persistent link: https://www.econbiz.de/10010267489
We study the efficiency and distributional consequences of establishing and abolishing the draft in a dynamic model with overlapping generations, taking into account endogenous human capital formation as well as government budget constraints. The introduction of the draft initially benefits the...
Persistent link: https://www.econbiz.de/10010262660
time-consistency problem in income redistribution. There may be political support for so generous subsidization that it … income redistribution. …
Persistent link: https://www.econbiz.de/10010268465