Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/21093 
Year of Publication: 
2001
Series/Report no.: 
IZA Discussion Papers No. 245
Publisher: 
Institute for the Study of Labor (IZA), Bonn
Abstract: 
This paper compares education investment in closed and open economies without government and with a benevolent government. The fact that the time consistency problem in taxation can make labor mobility beneficial even if governments are fully benevolent – which is known from other contexts – is shown to be true in the economies considered. It is further shown that labor mobility is unambiguously beneficial if private insurance for human capital investment is available.
Subjects: 
Globalization
commitment
time consistent income taxation
migration
education effort
JEL: 
H21
H23
Document Type: 
Working Paper

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