Arbeitspapier
Efficient tax policy ranks education higher than saving
Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy ranks investment in human capital higher than investment in nonhuman capital. The result assumes an isoelastic earnings function and holds else for arbitrary utility functions. Isoelasticity of earnings is justified with reference to the empirically well-founded power law of learning.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 2106
- Klassifikation
-
Wirtschaft
Taxation and Subsidies: Efficiency; Optimal Taxation
Education: Government Policy
Human Capital; Skills; Occupational Choice; Labor Productivity
- Thema
-
Optimale Besteuerung
Second Best
Bildungsverhalten
Sparen
Bildungsinvestition
Investition
Lernprozess
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Richter, Wolfram F.
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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Objekttyp
- Arbeitspapier
Beteiligte
- Richter, Wolfram F.
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2007
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