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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26631
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| Title: | | Taxing education in Ramsey's tradition  |
| Authors: | | Richter, Wolfram F. |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2586 |
| Abstract: | | Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient to deviate from Ramsey's Rule and to distort qualified labour less than nonqualified labour. The result holds for arbitrary utility and learning functions. Efficient incentives for education and saving are analysed under conditions of second and third best. It is argued that efficient tax policy should care more about incentives for education than for saving. |
| Subjects: | | Endogenous choice of education labour and saving second-best efficient taxation Power of Law of Learning |
| JEL: | | H21 I28 J24 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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