Globalization and Human Capital Formation

Arbeitspapier

This paper compares education investment in closed and open economies without government and with a benevolent government. The fact that the time consistency problem in taxation can make labor mobility beneficial even if governments are fully benevolent – which is known from other contexts – is shown to be true in the economies considered. It is further shown that labor mobility is unambiguously beneficial if private insurance for human capital investment is available.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IZA Discussion Papers ; No. 245

Classification and Topics

• Classification: Wirtschaft ; Taxation and Subsidies: Efficiency; Optimal Taxation ; Taxation and Subsidies: Externalities; Redistributive Effects; Environmental Taxes and Subsidies
• Subject: Globalization ; commitment ; time consistent income taxation ; migration ; education effort ; Bildungsinvestition ; Offene Volkswirtschaft ; Steuerpolitik ; Zeitkonsistenz ; Internationale Arbeitsmobilität ; Globalisierung ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Andersson, Fredrik ; Konrad, Kai A.
• Event: Veröffentlichung
• (who): Institute for the Study of Labor (IZA)
• (where): Bonn
• (when): 2001

Further information

• Handle: http://hdl.handle.net/10419/21093
• Last update: 10.04.2025, 2:45 PM CEST