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Education, disappointment and optimal policy
Anderberg, Dan; Cerrone, Claudia - 2014
Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …
Persistent link: https://www.econbiz.de/10010467858
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Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk
Krueger, Dirk - 2018
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium feedback of private precautionary saving. For logarithmic utility...
Persistent link: https://www.econbiz.de/10012926756
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Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk
Krueger, Dirk - 2018
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium feedback of private precautionary saving. For logarithmic utility...
Persistent link: https://www.econbiz.de/10012921385
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Optimal taxes on capital in the OLG model with uninsurable idiosyncratic income risk
Krueger, Dirk; Ludwig, Alexander; Villalvazo, Sergio - 2021
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium effects of private precautionary saving on factor prices and taxes...
Persistent link: https://www.econbiz.de/10012518047
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Optimal taxes on capital in the OLG model with uninsurable idiosyncratic income risk
Krueger, Dirk; Ludwig, Alexander - 2019
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium effects of private precautionary saving on factor prices. For...
Persistent link: https://www.econbiz.de/10012062122
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Optimal taxes on capital in the OLG model with uninsurable idiosyncratic income risk
Krueger, Dirk; Ludwig, Alexander - 2018
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium feedback of private precautionary saving. For logarithmic utility...
Persistent link: https://www.econbiz.de/10011816301
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Optimal taxes on capital in the OLG model with uninsurable idiosyncratic income risk
Krueger, Dirk; Ludwig, Alexander - 2018
We characterize the optimal linear tax on capital in an Overlapping Generations model with two period lived households facing uninsurable idiosyncratic labor income risk. The Ramsey government internalizes the general equilibrium feedback of private precautionary saving. For logarithmic utility...
Persistent link: https://www.econbiz.de/10011796072
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Optimal taxation of risky human capital
Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - 2009
linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against … incentives to work and to invest in human capital. Education subsidies are not used for social insurance, but are only targeted … at off-setting the distortions of the labor tax and internalizing a fiscal externality. Both optimal education subsidies …
Persistent link: https://www.econbiz.de/10010264542
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Optimal taxation of risky human capital
Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - 2009
linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against … incentives to work and to invest in human capital. Education subsidies are not used for social insurance, but are only targeted … at off-setting the distortions of the labor tax and internalizing a fiscal externality. Both optimal education subsidies …
Persistent link: https://www.econbiz.de/10003806742
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On the political economy of social security and public education
Poutvaara, Panu - 2001
This paper proposes and analyzes a model of a European economy with three overlapping generations, redistributive social security, and public universities without tuition. Individuals differ ex ante. The effect of wage tax rate on occupational choice and the voting equilibrium of wage tax rate...
Persistent link: https://www.econbiz.de/10011398016