Education, Wage Uncertainty and the 'Flat Tax Debate'

Schindler, Dirk; Yang, Hongyan

Education, Wage Uncertainty and the 'Flat Tax Debate'

Dateien

Schindler_9_5.pdfGröße: 318.52 KBDownloads: 484

Datum

2009

Open Access-Veröffentlichung

Open Access Green

Sammlungen

Wirtschaftswissenschaften

Publikationstyp

Working Paper/Technical Report

Publikationsstatus

Published

Zusammenfassung

Educational risk and wage uncertainty are important features in human capital investment. Therefore, we apply an OLG-model, wherein human capital formation is exposed to idiosyncratic risk. Extending the instruments available for social insurance, a (Norwegian-type) two-bracket progressive labor tax system and education subsidies are shown to enhance the efficiency-insurance trade-off and to increase social welfare compared to a standard Eaton-Rosen-world. Progression is a superior instrument for insurance, and education subsidies are desirable to alleviate efficiency losses. Finally, we link our results to the flat tax debate. Direct tax progression becomes the more likely the more welfare costs are caused by income risk, the less elastic is labor supply and the more education is boosted by education subsidies.

Fachgebiet (DDC)

330 Wirtschaft

Schlagwörter

progressive labor taxation, human capital investment, education subsidies, idiosyncratic

Zitieren

ISO 690

SCHINDLER, Dirk, Hongyan YANG, 2009. Education, Wage Uncertainty and the 'Flat Tax Debate'

BibTex

@techreport{Schindler2009Educa-12269,
  year={2009},
  series={Diskussionspapiere der DFG-Forschergruppe Heterogene Arbeit},
  title={Education, Wage Uncertainty and the 'Flat Tax Debate'},
  number={09,01},
  author={Schindler, Dirk and Yang, Hongyan}
}

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Universitätsbibliographie

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