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Persistent link: https://www.econbiz.de/10001390931
encourages investment in complementary human capital. Future efficiency gains accruing to land are capitalized in its value which …
Persistent link: https://www.econbiz.de/10011539002
We propose a dynamic general equilibrium model with human capital accumulation to evaluate the economic consequences of compulsory services (such as military draft or social services). Our analysis identifies a so far ignored dynamic cost arising from distortions in time allocation over the...
Persistent link: https://www.econbiz.de/10011541161
investment in education. …
Persistent link: https://www.econbiz.de/10009781697
investment and retirement decisions in a simple analytical life-cycle model with full certainty and investigate how different … social security schemes may a¤ect welfare, human capital investment and labor supply. We analyze and compare three different … contributions and benefits increase human capital investment and postpone retirement. …
Persistent link: https://www.econbiz.de/10011398074
It has been argued that in the absence of altruism, intergenerational transfers can survive only if the old are net recipients. I prove that this need not hold in an over-lapping generations model with a fixed factor. For example, the middle-aged owning land may gain by providing public...
Persistent link: https://www.econbiz.de/10011398916
. The educated can migrate. Wagetax financed transfer to students acts as an insurance, and increases both investment in … would increase taxation and investment in education, and would benefit also the owners of the complementary factor. …
Persistent link: https://www.econbiz.de/10011443239
Persistent link: https://www.econbiz.de/10001758733
We propose a dynamic general equilibrium model with human capital accumulation to evaluate the economic consequences of compulsory services (such as military draft or social services). Our analysis identifies a so far ignored dynamic cost arising from distortions in time allocation over the...
Persistent link: https://www.econbiz.de/10001712238
encourages investment in complementary human capital. Future efficiency gains accruing to land are capitalized in its value which …
Persistent link: https://www.econbiz.de/10001712359