Author: Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Tax Policy and Human Capital Formation with Public Investment in Education
Author: Taxes and Capital Formation
Author: Martin FeldsteinPublisher: University of Chicago Press
ISBN: 0226241858
Category : Business & Economics
Languages : en
Pages : 134
Book Description
Economists have long recognized the importance of capital accumulation for productivity and economic growth. The National Bureau of Economic Research is currently engaged in a study of the relationship between such accumulation and taxation policies, with particular focus on saving, risk-taking, and corporate investment in the United States and abroad. The papers presented in Taxes and Capital Formation are accessible, nontechnical summaries of fourteen individual research projects within that study. Complete technical reports on this research are published in a separate volume, The Effects of Taxation on Capital Accumulation, also edited by Martin Feldstein. By addressing some of the most critical policy issues of the day with a minimum of economic jargon, Taxes and Capital Formation makes the results of Bureau research available to a wide audience of policy officials and staff as well as to members of the business community. The volume should also prove useful for courses in public policy, business, and law. In keeping with Bureau tradition, the papers do not contain policy recommendations; instead, they promote a better understanding of how the economy works and the effects of specific policies on particular aspects of the economy.
Tax Policy and Human Capital Formation
Author: James Joseph HeckmanPublisher:
ISBN:
Category : Education
Languages : en
Pages : 11
Book Description
Missing from recent discussions of tax reform is any systematic analysis of the effects of various tax proposals on skill formation. This gap in the literature in empirical public finance is due to the absence of any empirically based general equilibrium models with both human capital formation and physical capital formation that are consistent with observations on modern labor markets. This paper is a progress report on our ongoing research on formulating and estimating dynamic general equilibrium models with endogenous heterogeneous human capital accumulation. Our model explains many features of rising wage inequality in the U.S. economy (James Heckman, Lance Lochner and Christopher Taber, 1998). In this paper, we use our model to study the impacts on skill formation of proposals to switch from progressive taxes to flat income and consumption taxes. For the sake of brevity, we focus on steady states in this paper, although we study both transitions and steady states in our research
Globalization and Human Capital Formation
Author: Fredrik AnderssonPublisher:
ISBN:
Category : Education
Languages : en
Pages : 36
Book Description
Tax Reform and Public Sector Investment in Human Capital
Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The Federal Reserve Bank of San Francisco presents the full text of an article entitled "Tax Reform and Public Sector Investment in Human Capital," by Steven P. Cassou and Kevin J. Lansing. The article discusses the welfare and growth effects of various fundamental tax reforms in an economy where public sector expenditures contribute to human capital formation.
Tax Policy, Investments in Human and Physical Capital, and Productivity
Author: Marc NerlovePublisher:
ISBN:
Category : Capital levy
Languages : en
Pages : 50
Book Description
This paper analyzes the implications of tax policy for the accumulation of human and physical capital and for the overall productivity level of the economy. A comprehensive income tax, applying to both labour income and capital income. discriminates against investments in human capital relative to investments in physical capital. Hence. it has an adverse impact on human capital accumulation. Taking into account a positive external effect of investments in human capital on overall productivity, the adverse effect of income taxation on human capital investments is significantly magnified.
Investment in Human Capital
Author: Theodore William SchultzPublisher: New York : Free Press
ISBN:
Category : Economics
Languages : en
Pages : 296
Book Description
Tax policy and capital formation
Author: United States. Congress. Joint Committee on TaxationPublisher:
ISBN:
Category : Capital investments
Languages : en
Pages : 56
Book Description
Human Capital and Economic Growth
Author: Alberto BucciPublisher: Springer Nature
ISBN: 3030215997
Category : Business & Economics
Languages : en
Pages : 384
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.
Education and the Economics of Human Capital
Author: Ronald A. WykstraPublisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 308
Book Description
Compilation of writings on the economic implications of expenditure on education as a form of investment in human resources development (human capital), with particular reference to the USA - includes papers on various economic theories concerning the relationship between economic growth and national budget for education and covers cost benefit analysis considerations, the adjustment of educational structure to the requirements of economic development, etc. Bibliography pp. 266 to 268, references and statistical tables.