Publikation:

Insuring educational risk : opportunities versus income

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Schindler_8_2.pdf
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Datum

2008

Autor:innen

Weigert, Benjamin

Herausgeber:innen

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http://nbn-resolving.de/urn:nbn:de:bsz:352-opus-88868
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Link zur Lizenz
Attribution-ShareAlike 2.0 Generic

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Open Access-Veröffentlichung
Open Access Green

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Wirtschaftswissenschaften: Publikationen
Core Facility der Universität Konstanz

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Titel in einer weiteren Sprache

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Working Paper/Technical Report
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Published

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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 an optimal public policy consists of deferred skill-specific tuition fees, lump-sum transfers/taxes, and public funding of the educational sector. We argue that improved educational opportunities matter more than direct income transfers in a Second-best setting. Contrary to standard models of income risk, it is not optimal to use a proportional wage tax, because combining skill-specific tuition fees and public education spending provide both insurance and redistribution at lower costs. A wage tax is only optimal if skill-specific tuition fees are not 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 : opportunities versus income
BibTex
@techreport{Schindler2008Insur-12231,
  year={2008},
  title={Insuring educational risk : opportunities versus income},
  author={Schindler, Dirk and Weigert, Benjamin},
  note={CESifo Working paper No. 2348, July 2008}
}
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Interner Vermerk

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Kommentar zur Publikation

CESifo Working paper No. 2348, July 2008
Allianzlizenz
Corresponding Authors der Uni Konstanz vorhanden
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Universitätsbibliographie
Ja
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