Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient to deviate from Ramsey's Rule and to distort qualified labour less than nonqualified labour. The result holds for arbitrary utility and learning functions. Efficient...

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient to deviate from Ramsey’s Rule and to distort qualified labour less than nonqualified labour. Furthermore, if the earnings function displays constant elasticity, the...

Bovenberg and Jacobs (2005) and Richter (2009) derive the education efficiency theorem: In a second-best optimum, the education decision is undistorted if the function expressing the stock of human capital features a constant elasticity with respect to education. I drop this assumption. The...

Gegenstand der Studie sind die Auswirkungen der geplanten EU-Osterweiterung auf die gesamtwirtschaftliche Entwicklung im Freistaat, auf die Wettbewerbsfähigkeit in Bayern ansässiger Unternehmen des Verarbeitenden Gewerbes, des Dienstleistungsgewerbes und des Baugewerbes, sowie auf die...