Income Risks, Education, and Taxation as Public Insurance


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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} }

<rdf:RDF xmlns:rdf="" xmlns:bibo="" xmlns:dc="" xmlns:dcterms="" xmlns:xsd="" > <rdf:Description rdf:about=""> <bibo:uri rdf:resource=""/> <dc:language>eng</dc:language> <dc:date rdf:datatype="">2011-03-25T09:43:20Z</dc:date> <dc:contributor>Schindler, Dirk</dc:contributor> <dcterms:available rdf:datatype="">2011-03-25T09:43:20Z</dcterms:available> <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:rights rdf:resource=""/> <dc:creator>Schindler, Dirk</dc:creator> <dc:rights>deposit-license</dc:rights> <dcterms:issued>2007</dcterms:issued> <dcterms:title>Income Risks, Education, and Taxation as Public Insurance</dcterms:title> <dc:format>application/pdf</dc:format> </rdf:Description> </rdf:RDF>

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0711_schindler_income.pdf 103

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