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Globalization and Risky Human-Capital Investment Author info | Abstract | Publisher info | Download info | Related research | Statistics Fredrik Andersson ()
Kai Konrad ()
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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. Copyright Kluwer Academic Publishers 2003
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Article provided by Springer in its journal International Tax and Public Finance .
Volume (Year): 10 (2003)
Issue (Month): 3 (May)
Pages: 211-228
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Handle: RePEc:kap:apfinm:v:10:y:2003:i:3:p:211-228Contact details of provider: Web page: http://springerlink.metapress.com/link.asp?id=102851
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Keywords: income taxation ; risk taking ; migration ; education effort ; Other versions of this item:
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
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