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This paper compares education investment in closed and open economies without government and with a benevolent government. The fact that the time consistency problem in taxation can make labor mobility beneficial even if governments are fully benevolent - which is known from other contexts - is...
Persistent link: https://www.econbiz.de/10011339674
Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy.
Persistent link: https://www.econbiz.de/10011316909
Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy
Persistent link: https://www.econbiz.de/10014163655
In this paper we briefly report some key data on educational expenditure and output in OECD countries and then turn to the motivations for public education. Public education can be important for equal opportunities and has a number of redistributional aspects within and between generations. We...
Persistent link: https://www.econbiz.de/10014042789
This paper examines how income inequality can affect the polarization of heterogeneous party platforms on climate … distributional implications) and an income tax is combined with a model of a carbonintensive economy. For a higher inequality of pre … equilibrium can increase - even if the income tax is used to counteract the increase in income inequality. This result does not …
Persistent link: https://www.econbiz.de/10012137387
Brain drain BD, human capital h, and inequality's institutional impact is examined in a model where a rent …-shaped function of h, with minimum at 0 < h1 < 1; iii) the likelihood that Q improves with BD falls with international inequality; iv …) the likelihood that Q improves with h falls with domestic inequality; v) the likelihood Q improves with h falls (rises …
Persistent link: https://www.econbiz.de/10012545972
Brain drain BD, human capital h, and inequality's institutional impact is examined in a model where a rent …-shaped function of h, with minimum at 0 < h1 < 1; iii) the likelihood that Q improves with BD falls with international inequality; iv …) the likelihood that Q improves with h falls with domestic inequality; v) the likelihood Q improves with h falls (rises …
Persistent link: https://www.econbiz.de/10012597606
This paper discusses the implications of autonomous-connected-electric-shared vehicles (ACES) for public finance, which have so far been widely ignored. In OECD countries, 5-12% of federal and up to 30% of local tax revenue are currently from fuel and vehicle taxation. The diffusion of ACES will...
Persistent link: https://www.econbiz.de/10011960407
In this article, we look at the combination of several market-based climate and energy policies and compare them with first best solution, i.e., a perfectly designed emission tax or emission cap level. It is shown that in the case an emission control policy is imperfect designed or implemented,...
Persistent link: https://www.econbiz.de/10010490124
We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously determined through human capital accumulation. Agents differ in initial conditions and ability to learn. Capital market imperfections prevent poor agents to invest optimally in...
Persistent link: https://www.econbiz.de/10011326966