Catalyzers for Social Insurance : Education Subsidies vs. Real Capital Taxation


Dateien zu dieser Ressource

Prüfsumme: MD5:54c51a53b3f71b12c5192a6dff46d1fe

SCHINDLER, Dirk, Hongyan YANG, 2009. Catalyzers for Social Insurance : Education Subsidies vs. Real Capital Taxation

@techreport{Schindler2009Catal-12211, series={Diskussionspapiere der DFG-Forschergruppe Heterogene Arbeit}, title={Catalyzers for Social Insurance : Education Subsidies vs. Real Capital Taxation}, year={2009}, number={09,02}, author={Schindler, Dirk and Yang, Hongyan} }

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dspace:hasBitstream rdf:resource=""/> <dcterms:issued>2009</dcterms:issued> <dcterms:rights rdf:resource=""/> <dc:language>eng</dc:language> <dcterms:abstract xml:lang="eng">We set up a two-period model, where individuals finance educational investment and first-period consumption by borrowing against risky second-period labor income. We show that the government should use both education subsidies and capital taxation to mitigate distortions, stemming from social insurance through labor taxation, and we derive a Ramsey-rule for the optimal combination of these instruments. Relative to capital taxation, optimal education subsidies increase in their relative effectiveness to boost labor and in individuals underinvestment into education, but they decrease in their relative net distortions. For their absolute levels, indirect complementarity effects, i.e., influencing the effectiveness of the other instrument, do matter. Generally, a decrease in capital taxes should go along with an increase in education subsidies. We also show that, even under uncertainty, the optimal capital tax rate can be zero, if education subsidies are equally effective in boosting labor supply, relative to distorting educational investment.</dcterms:abstract> <dc:date rdf:datatype="">2011-03-25T09:43:30Z</dc:date> <dc:creator>Schindler, Dirk</dc:creator> <dc:contributor>Yang, Hongyan</dc:contributor> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <dcterms:hasPart rdf:resource=""/> <dc:creator>Yang, Hongyan</dc:creator> <dspace:isPartOfCollection rdf:resource=""/> <bibo:uri rdf:resource=""/> <dcterms:title>Catalyzers for Social Insurance : Education Subsidies vs. Real Capital Taxation</dcterms:title> <dc:format>application/pdf</dc:format> <dcterms:available rdf:datatype="">2011-03-25T09:43:30Z</dcterms:available> <dc:rights>terms-of-use</dc:rights> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dc:contributor>Schindler, Dirk</dc:contributor> <dcterms:isPartOf rdf:resource=""/> </rdf:Description> </rdf:RDF>

Dateiabrufe seit 01.10.2014 (Informationen über die Zugriffsstatistik)

09_02.pdf 136

Das Dokument erscheint in:

KOPS Suche


Mein Benutzerkonto