Globalization and risky human-capital investment
(2003) In International Tax and Public Finance 10(3). p.211-228- Abstract
- Globalization is supposed to increase the mobility of highly skilled labor and to reduce governments' scope for redistribution. We show that this increases the private incentives for education and may decrease, but may also increase, the government's incentives to provide education subsidies in a framework in which education investment is risky. Globalization shifts the cost of these subsidies to the less skilled. For the welfare implications of globalization the availability of private insurance is crucial. Welfare unambiguously increases if such markets work.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/900390
- author
- Andersson, Fredrik LU and Konrad, KA
- organization
- publishing date
- 2003
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- education effort, migration, risk taking, income taxation
- in
- International Tax and Public Finance
- volume
- 10
- issue
- 3
- pages
- 211 - 228
- publisher
- Springer
- external identifiers
-
- wos:000183042700001
- scopus:4043116447
- ISSN
- 1573-6970
- DOI
- 10.1023/A:1023862229689
- language
- English
- LU publication?
- yes
- id
- 7739c80f-5a25-4e03-b1a2-debde4f49e5a (old id 900390)
- date added to LUP
- 2016-04-01 17:16:08
- date last changed
- 2024-01-11 23:44:46
@article{7739c80f-5a25-4e03-b1a2-debde4f49e5a, abstract = {{Globalization is supposed to increase the mobility of highly skilled labor and to reduce governments' scope for redistribution. We show that this increases the private incentives for education and may decrease, but may also increase, the government's incentives to provide education subsidies in a framework in which education investment is risky. Globalization shifts the cost of these subsidies to the less skilled. For the welfare implications of globalization the availability of private insurance is crucial. Welfare unambiguously increases if such markets work.}}, author = {{Andersson, Fredrik and Konrad, KA}}, issn = {{1573-6970}}, keywords = {{education effort; migration; risk taking; income taxation}}, language = {{eng}}, number = {{3}}, pages = {{211--228}}, publisher = {{Springer}}, series = {{International Tax and Public Finance}}, title = {{Globalization and risky human-capital investment}}, url = {{http://dx.doi.org/10.1023/A:1023862229689}}, doi = {{10.1023/A:1023862229689}}, volume = {{10}}, year = {{2003}}, }