Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation
نویسندگان
چکیده
منابع مشابه
Optimal Progressive Taxation and Education Subsidies in a Model of Endogenous Human Capital Formation
In this paper we characterize, both theoretically and quantiatively, the optimal mix of progressive income taxes and education subsidies in a model with endogeous human capital formation, borrowing constraints and income risk.
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This paper analyzes optimal linear taxes on capital and labor incomes in a life-cycle model of human capital investment, financial savings, and labor supply with heterogenous individuals. A dual income tax with positive marginal tax rates on not only labor but also capital income is optimal. The key function of the tax on capital income is to reduce labor tax distortions on human capital accumu...
متن کاملOptimal Progressive Labor Income Taxation and Education Subsidies When Education Decisions and Intergenerational Transfers are Endogenous∗
We thank Fatih Guvenen, Mike Golosov, Felicia Ionescu and seminar participants at Bocconi, LSE, Royal Holloway and University of Zürich for many useful comments. Krueger gratefully acknowledges …nancial support from the NSF under grant SES-0820494. Ludwig gratefully acknowledges …nancial support from the Land North Rhine Westphalia.
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This paper presents and analyzes an endogenous growth model with public capital and progressive taxation. Two versions are considered: The first versions assumes that the budget of the government is balanced at each point of time. The second allows for public debt but asserts that the ratio of the primary surplus to gross domestic income is a positive linear function of the debt income ratio wh...
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This paper studies how optimal wage tax conclusions from the classic two-period life cycle model of human capital accumulation are affected by endogenizing the number of taxpaying workers. In the absence of a corrective policy, young individuals underinvest in human capital from a social perspective because tax premiums for transfers to nonworkers are not actuarially adjusted downward for human...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2013
ISSN: 1556-5068
DOI: 10.2139/ssrn.2265944