scholarly journals The Effect of Endogenous Human Capital Accumulation on Optimal Taxation

2012 ◽  
Author(s):  
William Peterman
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Optimal Taxation ◽  
Human Capital Accumulation

scholarly journals Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation

2015 ◽  
Vol 105 (11) ◽  
pp. 3443-3470 ◽  
Author(s):  
Piero Gottardi ◽  
Atsushi Kajii ◽  
Tomoyuki Nakajima
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Optimal Taxation ◽  
Optimal Path ◽  
Government Debt ◽  
Optimal Level ◽  
Labor Income ◽  
Human Capital Accumulation ◽  
Issue Public ◽  
Quantitative Importance

We consider an economy where individuals face uninsurable risks to their human capital accumulation and analyze the optimal level of linear taxes on capital and labor income together with the optimal path of government debt. We show that in the presence of such risks, it is beneficial to tax both labor and capital and to issue public debt. We also assess the quantitative importance of these findings, and show that the benefits of government debt and capital taxes both increase with the magnitude of idiosyncratic risks and the degree of relative risk aversion. (JEL D52, H21, H24, H25, H63, J24)

Human Capital Accumulation and Resource Abundance

2011 ◽  
pp. 66-77
Author(s):  
O. Vasilieva
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Capital Accumulation ◽  
Relevant Literature ◽  
Harmful Effect ◽  
Human Capital Accumulation ◽  
Resource Abundance ◽  
Empirical Results ◽  
Theoretical Predictions ◽  
Crowd Out

Does resource abundance positively affect human capital accumulation? Or, alternatively, does it «crowd out» the human capital leading to the deterioration of economic growth? The paper gives an overview of the relevant literature and discusses both theoretical and empirical results obtained regarding the connection between human capital accumulation and resource abundance. It shows that despite some theoretical predictions about the harmful effect of resource abundance on human capital accumulation, unambiguous evidence of such impact that would be robust with respect to the change of resource abundance parameter has not been obtained yet.

Sign in / Sign up

Export Citation Format

Share Document