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dc.contributor.authorPetersen, Hans-Georgen_US
dc.date.accessioned2011-11-10en_US
dc.date.accessioned2012-06-18T14:52:22Z-
dc.date.available2012-06-18T14:52:22Z-
dc.date.issued2011en_US
dc.identifier.piurn:nbn:de:kobv:517-opus-53968en_US
dc.identifier.urihttp://hdl.handle.net/10419/59039-
dc.description.abstractThe paper is based on an individual life-cycle model, which describes the purely economic components of human capital. The present value of human capital is determined by all future income flows, which at the same time constitute the individual as well as the total tax base of a nation. Therefore, the income of the productive population determines the total tax revenue, which is spent for public goods (including education) and transfers (for poverty reduction). The efficient design of the education system (by private and public education investments) determines the quality of the human capital stock as well as the future gross income flows. The costs of public goods and the transfer expenditures have to be financed from the total tax revenue, which also affects the individual tax burden via the specific tax bases and tax rates. Especially the redistribution of income is connected with serious disincentives, influencing the preferences for work and leisure as well as for consumption and saving. An efficient tax and transfer system being accompanied by an education system financed in public private partnership, which treats equally labor and capital income, sets positive incentives for the formation of human, financial, and real capital. An important prerequisite for a sustainable growth process is the efficient design of the social security system, being based on the family as well as a collective risk equalization scheme. If that system is diminishing absolute poverty in an appropriate time period by transfers and vocational education measures for the grown-up as well as high quality primary, secondary and tertiary education programs for the children, the transfer expenditure would decrease and the tax bases (income and consumption) increase, lowering the burden on the productive population. For the first time, this micro model presented in this paper pools all the relevant variables for development within a simple life-cycle model, which can also be used for a powerful analysis of the current failures in existing tax and transfer schemes and fruitful empirical investigations. Hence, an efficient tax and transfer scheme strongly contributes to an improved national position in the global competition.en_US
dc.language.isoengen_US
dc.publisherUniv., Wirtschafts- und Sozialwiss. Fakultät Potsdamen_US
dc.relation.ispartofseriesFinanzwissenschaftliche Diskussionsbeiträge 63en_US
dc.subject.jelD1en_US
dc.subject.jelD31en_US
dc.subject.jelD91en_US
dc.subject.jelH21en_US
dc.subject.jelH31en_US
dc.subject.jelH55en_US
dc.subject.jelI21en_US
dc.subject.jelI22en_US
dc.subject.jelI32en_US
dc.subject.jelJ17en_US
dc.subject.jelJ24en_US
dc.subject.jelO15en_US
dc.subject.jelP46en_US
dc.subject.ddc330en_US
dc.subject.keywordpovertyen_US
dc.subject.keywordhuman capitalen_US
dc.subject.keywordlife-cycle analysisen_US
dc.subject.keywordlifetime incomeen_US
dc.subject.keywordeducationen_US
dc.subject.keywordtaxationen_US
dc.subject.keywordtransfersen_US
dc.subject.keywordredistributionen_US
dc.subject.keywordrisk equalizationen_US
dc.subject.keywordsocial securityen_US
dc.titlePoverty, human capital, life-cycle and the tax and transfer bases: The role of education for development and international competitionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn669266965en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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