The combined effect of taxation and subsidization on human capital investment.

Autor/in	Barbaro, Salvatore
Titel	The combined effect of taxation and subsidization on human capital investment.
Quelle	Göttingen: Univ., Volkswirtschaftliches Seminar (2003), 14 S. PDF als Volltext kostenfreie Datei (1); PDF als Volltext kostenfreie Datei (2) Link als defekt meldenVerfügbarkeit
Reihe	Diskussionsbeiträge / Volkswirtschaftliches Seminar, Universität Göttingen. 116
Beigaben	grafische Darstellungen
Sprache	englisch
Dokumenttyp	online; gedruckt; Monographie; Graue Literatur
Schlagwörter	Bildungsinvestition; Einkommensteuer; Investition; Steuer; Subventionierung; Arbeitspapier; Wirkung; Deutschland
Abstract	The impact of fiscal activity on human capital formation has often been analyzed with regard to the expenditure side of the budget, i.e. the subsidization of (higher) education. Recent contributions have increasingly focused on the effect of taxation on human capital accumulation. Less attention is given to the simultaneous effect of both subsidization and taxation on human capital accumulation. Since subsidies to higher education may offset the distortionary effects of taxation, the paper aims to analyze the amount of subsidization which is necessary to counteract the discouraging effect of various kinds of taxation (i.e., proportional, direct, indirect taxation and a combination of both direct and indirect taxation) on human capital, measured as the graduation rates. Furthermore, the effect of externalities from higher education on the optimal amount shall be analyzed as well as the role of taxation if direct costs of higher education are completely born by the state. The framework we use to illustrate our point is an two period cohort model with heterogeneous agents who endogenously decide on higher education with respect to taxation and subsidization.
Erfasst von	ZBW - Leibniz-Informationszentrum Wirtschaft, Kiel
Update	2006/4