Publikation:

Insuring Educational Risk: "It is the Quality of Education"

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Schindler_8_5.pdf
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Datum

2008

Autor:innen

Weigert, Benjamin

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http://nbn-resolving.de/urn:nbn:de:bsz:352-opus-88913
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Attribution-ShareAlike 2.0 Generic

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Working Paper/Technical Report
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Zusammenfassung

We develop a model of education where individuals face educational risk. Successfully entering the skilled labor sector depends on individual effort in education and public resources, but educational risk still causes (income) inequality. We show that in a Second-best setting improving quality of education, i.e., the probability of success, by public funding of the educational sector matters more than granting direct income transfers from skilled workers to unskilled ones. Thus, ex ante insurance is more important than ex post income redistribution. These results are even strengthened, in case (distortionary) skill-specific taxes are available.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

human capital investment, endogenous risk, learning effort, optimal taxation, public education

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ISO 690SCHINDLER, Dirk, Benjamin WEIGERT, 2008. Insuring Educational Risk: "It is the Quality of Education"
BibTex
@techreport{Schindler2008Insur-12049,
  year={2008},
  series={Diskussionspapiere der DFG-Forschergruppe Heterogene Arbeit},
  title={Insuring Educational Risk: "It is the Quality of Education"},
  number={08,06},
  author={Schindler, Dirk and Weigert, Benjamin}
}
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