Income Risks, Education, and Taxation as Public Insurance

Schindler, Dirk

Income Risks, Education, and Taxation as Public Insurance

Files

0711_schindler_income.pdf(232.37 KB)

Date

2007

Authors

Schindler, Dirk

Series

Diskussionspapiere der DFG-Forschergruppe Heterogene Arbeit; 07,11

Publication type

Working Paper/Technical Report

Abstract

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.

Subject (DDC)

330 Economics

Keywords

Optimal Income Taxation,Multiple Income Risks,Human Capital Investment,Portfolio Choice

Cite This

ISO 690

SCHINDLER, Dirk, 2007. Income Risks, Education, and Taxation as Public Insurance

BibTex

@techreport{Schindler2007Incom-12191,
  year={2007},
  series={Diskussionspapiere  der DFG-Forschergruppe Heterogene Arbeit},
  title={Income Risks, Education, and Taxation as Public Insurance},
  number={07,11},
  author={Schindler, Dirk}
}

RDF

<rdf:RDF
    xmlns:dcterms="http://purl.org/dc/terms/"
    xmlns:dc="http://purl.org/dc/elements/1.1/"
    xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#"
    xmlns:bibo="http://purl.org/ontology/bibo/"
    xmlns:dspace="http://digital-repositories.org/ontologies/dspace/0.1.0#"
    xmlns:foaf="http://xmlns.com/foaf/0.1/"
    xmlns:void="http://rdfs.org/ns/void#"
    xmlns:xsd="http://www.w3.org/2001/XMLSchema#" > 
  <rdf:Description rdf:about="https://kops.uni-konstanz.de/server/rdf/resource/123456789/12191">
    <foaf:homepage rdf:resource="http://localhost:8080/"/>
    <dcterms:title>Income Risks, Education, and Taxation as Public Insurance</dcterms:title>
    <bibo:uri rdf:resource="http://kops.uni-konstanz.de/handle/123456789/12191"/>
    <dc:rights>terms-of-use</dc:rights>
    <dc:format>application/pdf</dc:format>
    <dspace:hasBitstream rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/12191/1/0711_schindler_income.pdf"/>
    <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/>
    <dspace:isPartOfCollection rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
    <dc:language>eng</dc:language>
    <dc:contributor>Schindler, Dirk</dc:contributor>
    <dc:creator>Schindler, Dirk</dc:creator>
    <dcterms:abstract xml:lang="eng">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.</dcterms:abstract>
    <dcterms:hasPart rdf:resource="https://kops.uni-konstanz.de/bitstream/123456789/12191/1/0711_schindler_income.pdf"/>
    <dcterms:isPartOf rdf:resource="https://kops.uni-konstanz.de/server/rdf/resource/123456789/46"/>
    <dcterms:rights rdf:resource="https://rightsstatements.org/page/InC/1.0/"/>
    <dc:date rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2011-03-25T09:43:20Z</dc:date>
    <dcterms:available rdf:datatype="http://www.w3.org/2001/XMLSchema#dateTime">2011-03-25T09:43:20Z</dcterms:available>
    <dcterms:issued>2007</dcterms:issued>
  </rdf:Description>
</rdf:RDF>

Bibliography of Konstanz

Yes