| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10267 |
| DP10267 Human Capital and Optimal Redistribution | |
| Winfried Koeniger; Julien Prat | |
| 发表日期 | 2014-11-30 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We characterize optimal redistribution in a dynastic economy with observable human capital and hidden ability. The government can use education to improve the insurance-incentive trade-off because there is a wedge between human capital investment in the laissez faire and the social optimum. This wedge differs from the wedge for bequests because: (i) returns to human capital are risky; (ii) human capital may change informational rents. We illustrate numerically that, if ability is i.i.d. across generations, human capital investment declines in parents? income in the social optimum, and show how this optimum can be implemented with student loans or means-tested grants. |
| 主题 | Labour Economics ; Public Economics |
| 关键词 | Intergenerational equity Human capital Optimal taxation |
| URL | https://cepr.org/publications/dp10267 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539100 |
| 推荐引用方式 GB/T 7714 | Winfried Koeniger,Julien Prat. DP10267 Human Capital and Optimal Redistribution. 2014. |
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