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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
country with flat-rate benefits may reduce their investment in education. With suitably planned transfers between the two …
Persistent link: https://www.econbiz.de/10010267335
While the effect of social security systems on retirement decisions has received much attention, the impact of these systems on individuals incentives to invest in their human capital has not been analyzed. We integrate human capital investment and retirement decisions in a simple analytical...
Persistent link: https://www.econbiz.de/10011398074
-aged owning land may gain by providing public education even when they cannot tax the young. This requires that labor is not … mobile. Furthermore, establishing public education may benefit only the generation which pays for education twice, first for …
Persistent link: https://www.econbiz.de/10011398916
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/10010261180
Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show … with only intended bequests, by enhancing incentives of parents to invest in their children's education. This result holds …
Persistent link: https://www.econbiz.de/10010261311