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While the effect of social security systems on retirement decisions has received much attention, the impact of these systems on individuals' incentives to invest in their human capital has not been analyzed. We integrate human capital investment and retirement decisions in a simple analytical...
Persistent link: https://www.econbiz.de/10010315113
This paper proposes and analyzes a model of a "European economy" with three overlapping generations, redistributive social security, and public universities without tuition. Individuals differ ex ante. The effect of wage tax rate on occupational choice and the voting equilibrium of wage tax rate...
Persistent link: https://www.econbiz.de/10010315224
estimate education returns of wage earners and the self-employed in Portugal and in Spain. Our examination reveals several …
Persistent link: https://www.econbiz.de/10010320223
care, though consumer choice has stimulated innovation and quality in both education and health care. Natural monopolies …
Persistent link: https://www.econbiz.de/10013266211
Statistics Finland. We analyze emigration events lasting at least five years and decompose migrant self-selection into education … positively self-selected in terms of education and earnings. We also find strong evidence of sorting: men who emigrate outside …
Persistent link: https://www.econbiz.de/10014290244
We analyze perceptions of international applicability of one's education and migration aspirations and intentions among … education least internationally applicable. Perceived international applicability strongly predicts migration aspirations and … those not studying law, hours spent studying are increasing with perceived international applicability of one's education …
Persistent link: https://www.econbiz.de/10014290305
Altruistic parents may transfer resources to their offspring by providing education, and by leaving bequests. We show … with only intended bequests, by enhancing incentives of parents to invest in their children’s education. This result holds …
Persistent link: https://www.econbiz.de/10005761773
Using panel data for 78 countries of origin we examine the impact of student flows to the United States on subsequent migration there over the period 1971-2001. What we find is that the stock of foreign students is an important predictor of subsequent migration. This holds true whether or not...
Persistent link: https://www.econbiz.de/10005761992
This paper analyzes educational choices and political support for subsidies to higher education in the presence of a … motivates the median voter to obtain higher education. As a result of increasing own income, the median voter prefers in the … future lower taxes than without higher education. Therefore, the expansion of participation in higher education during the …
Persistent link: https://www.econbiz.de/10005762314
country with flat-rate benefits may reduce their investment in education. With suitably planned transfers between the two …
Persistent link: https://www.econbiz.de/10005763602