Human Capital, Optimal Educational Tax and Economic Growth in an Overlapping Generation Model PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Human Capital, Optimal Educational Tax and Economic Growth in an Overlapping Generation Model PDF full book. Access full book title Human Capital, Optimal Educational Tax and Economic Growth in an Overlapping Generation Model by Binh Tran-Nam. Download full books in PDF and EPUB format.
Author: Binh Tran-Nam
Publisher:
ISBN: 9781863411059
Category : Education
Languages : en
Pages : 15
Get Book Here
Book Description
Author: Binh Tran-Nam
Publisher:
ISBN: 9781863411059
Category : Education
Languages : en
Pages : 15
Get Book Here
Book Description
Author: Binh Tran-Nam
Publisher:
ISBN: 9781863411943
Category : Education
Languages : en
Pages : 25
Get Book Here
Book Description
Author: Simone Valente
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451921330
Category : Business & Economics
Languages : en
Pages : 40
Get Book Here
Book Description
This paper analyses the impact of government tax and subsidy policy on immigration of human capital and the effect of such immigration on growth and incomes. In the context of a two-country endogenous growth model with heterogeneous agents and human capital accumulation, we argue that human capital flight or “brain drain” arising out of wage differentials, say because of differences in income tax rates or technology, can bring about a reduction in the steady state growth rate of the country of emigration. Additionally, permanent difference in the growth rates as well as incomes between the two countries can occur making convergence unlikely. While in a closed economy, tax-financed increases in subsidy to education can have a positive effect on growth, such a policy can have a negative effect on growth when human capital flight is taking place. Since subsidizing higher education is more likely to induce substantial brain drain, it is likely to be inferior to subsidy to lower levels of education if growth is to be increased.
Author: Mark A. Roberts
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
The Nelson-Phelps concept of human capital, determining the speed at which a new technology may be implemented, is considered within an AK, overlapping-generations model, where finance firms act as local monopolies in the loan market but as monopsonistic price-takers in the deposit market. Households also vote for taxes earmarked for public investment in education and, thence, the subsequent level of human capital. A concentrated financial market structure, despite directly lowering economic growth, may indirectly raise it through provoking a political economy response of voting for higher taxes for greater levels of Nelson-Phelps human capital.
Author: Pierre Ninh Van Tu
Publisher: Calgary : Department of Economics, University of Calgary
ISBN:
Category : Economic development
Languages : en
Pages : 26
Get Book Here
Book Description
Author: Alberto Bucci
Publisher: Springer Nature
ISBN: 3030215997
Category : Business & Economics
Languages : en
Pages : 384
Get Book Here
Book Description
This edited collection explores the links between human capital (both in the form of health and in the form of education), demographic change, and economic growth. Using empirical as well as theoretical perspectives, the authors investigate several important issues in the context of human capital, namely population ageing, inequality, public policy, and long-term economic development. Ultimately, they demonstrate that the accumulation of human capital is of crucial importance to long-run economic growth.
Author: Anu Rammohan
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 42
Get Book Here
Book Description
Author: Wayne Robert Hickenbottom
Publisher:
ISBN:
Category :
Languages : en
Pages : 340
Get Book Here
Book Description
Author: Willem H. Buiter
Publisher:
ISBN:
Category : Capital
Languages : en
Pages : 58
Get Book Here
Book Description
This paper considers the effects of fiscal and financial policy on economic growth in open and closed economies, when human capital formation by young households is constrained by the illiquidity of human wealth. Both endogenous and exogenous growth versions of the basic OLG model are analyzed. We find that intergenerational redistribution policies that discourage physical capital formation may encourage human capital formation. Despite common technologies and perfect international mobility of financial capital, the non- tradedness of human capital and the illiquidity of human wealth make for persistent differences in productivity growth rates (in the endogenous growth version of the model) or in their levels (in the exogenous growth version). We also consider the productivity growth (or level) effects of public spending on education and of the distortionary taxation of financial asset income.
