Tax Policy And Human Capital Formation With Public Investment In Education
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Taxes and Capital Formation
Author | : Martin Feldstein |
Publisher | : University of Chicago Press |
Total Pages | : 134 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226241858 |
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 Heckman |
Publisher | : |
Total Pages | : 11 |
Release | : 1998 |
Genre | : Education |
ISBN | : |
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
Human Capital
Author | : Gary S. Becker |
Publisher | : |
Total Pages | : 0 |
Release | : 2009 |
Genre | : |
ISBN | : |
A diverse array of factors may influence both earnings and consumption; however, this work primarily focuses on the impact of investments in human capital upon an individual's potential earnings and psychic income. For this study, investments in human capital include such factors as educational level, on-the-job skills training, health care, migration, and consideration of issues regarding regional prices and income. Taking into account varying cultures and political regimes, the research indicates that economic earnings tend to be positively correlated to education and skill level. Additionally, studies indicate an inverse correlation between education and unemployment. Presents a theoretical overview of the types of human capital and the impact of investment in human capital on earnings and rates of return. Then utilizes empirical data and research to analyze the theoretical issues related to investment in human capital, specifically formal education. Considered are such issues as costs and returns of investments, and social and private gains of individuals. The research compares and contrasts these factors based upon both education and skill level. Areas of future research are identified, including further analysis of issues regarding social gains and differing levels of success across different regions and countries. (AKP).
Tax Reform and Public Sector Investment in Human Capital
Author | : |
Publisher | : |
Total Pages | : |
Release | : |
Genre | : |
ISBN | : |
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 Nerlove |
Publisher | : |
Total Pages | : 50 |
Release | : 1990 |
Genre | : Capital levy |
ISBN | : |
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 Schultz |
Publisher | : New York : Free Press |
Total Pages | : 296 |
Release | : 1971 |
Genre | : Economics |
ISBN | : |
Tax policy and capital formation
Author | : United States. Congress. Joint Committee on Taxation |
Publisher | : |
Total Pages | : 56 |
Release | : 1977 |
Genre | : Capital investments |
ISBN | : |
Education and the Economics of Human Capital
Author | : Ronald A. Wykstra |
Publisher | : Free Press |
Total Pages | : 308 |
Release | : 1971 |
Genre | : Business & Economics |
ISBN | : |
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.