Income Risks, Education, and Taxation as Public Insurance
| Type of Publication: | Working Paper/Technical Report |
| URI (citable link): | http://nbn-resolving.de/urn:nbn:de:bsz:352-opus-30741 |
| Author: | Schindler, Dirk |
| Year of publication: | 2007 |
| Series: | Diskussionspapiere der DFG-Forschergruppe Heterogene Arbeit ; 07,11 |
| Summary: |
We set up an OLG-model, where households choose human capital investment and decide on investing their endogenous savings in a portfolio of riskless and risky assets. Thereby, the households are exposed to both aggregate wage and capital risks due to technological shocks. We derive the optimal public policy mix of taxation and education policy and show that risks can be optimally diversified on private and public consumption, if the government can apply a wide set of instruments, including differentiated wage and capital taxation.
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| JEL Classification: | I28; H21; J24 |
| Subject (DDC): | 330 Economics |
| Controlled Keywords (GND): | Humankapital, Einkommensteuer |
| Keywords: | Optimal Income Taxation, Multiple Income Risks, Human Capital Investment, Portfolio Choice |
| Link to License: | In Copyright |
| Bibliography of Konstanz: | Yes |
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SCHINDLER, Dirk, 2007. Income Risks, Education, and Taxation as Public Insurance
@techreport{Schindler2007Incom-12191, series={Diskussionspapiere der DFG-Forschergruppe Heterogene Arbeit}, title={Income Risks, Education, and Taxation as Public Insurance}, year={2007}, number={07,11}, author={Schindler, Dirk} }
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