| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6881 |
| 来源ID | Working Paper 6881 |
| General Equilibrium Cost Benefit Analysis of Education and Tax Policies | |
| James J. Heckman; Lance Lochner; Christopher Taber | |
| 发表日期 | 1999 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | This paper formulates and estimates an open-economy overlapping generation general-equilibrium model of endogenous heterogeneous human capital in the form of schooling and on-the-job training. Physical capital accumulation is also analyzed. We use the model to explain rising wage inequality in the past two decades due to skill-biased technical change and to estimate investment responses. We compare an open economy version with a closed economy version. Using our empirically grounded general equilibrium model that explains rising wage inequality, we evaluate two policies often suggested as solutions to the problem of rising wage inequality: (a) tuition subsidies to promote skill formation and (b) tax policies. We establish that conventional partial equilibrium policy evaluation methods widely used in labor economics and public finance give substantially misleading estimates of the impact of national tax and tuition policies on skill formation. Conventional microeconomic methods for estimating the schooling response to tuition overestimate the response by an order of magnitude. Simulations of our model also reveal that move to a flat consumption tax raises capital accumulation and the real wages of all skill groups and barely affects overall measures of income inequality. |
| 主题 | Public Economics ; National Fiscal Issues ; Public Goods |
| URL | https://www.nber.org/papers/w6881 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564392 |
| 推荐引用方式 GB/T 7714 | James J. Heckman,Lance Lochner,Christopher Taber. General Equilibrium Cost Benefit Analysis of Education and Tax Policies. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6881.pdf（2328KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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