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This paper focuses on the relationship between political instability, policy-making and macroeconomic outcomes. The theoretical section explores various models that explain the effect of instability (and political uncertainty) on growth, budget formation, inflation and monetary policy. The...
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revenue from the graduate tax. -- Human capital investment ; educational risk ; wage risk ; learning effort ; graduate …In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … present risks is a dichotomic task: Wage risk is diversified ex post among the skilled by graduate taxation and skill …
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In diesem Beitrag werden die Effekte symmetrischer und differenzierender Besteuerung auf die Portfoliowahl und den Arbeitsanreiz untersucht. Hierbei wird zunächst ein Portfoliomodell mit zwei riskanten Projekten im Ein-Personen-Kontext, d.h. ohne Arbeitsanreizproblem betrachtet. Symmetrische...
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