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Armut, Reichtum und Humankapital Zu den Beziehungen zwischen Bildung, Lebenseinkommen, Besteuerung und staatlicher Umverteilung

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  • Petersen Hans-Georg

    (Tax and Transfer Research Group Berlin, Pfeddersheimer Weg 33, D-14129 Berlin)

Abstract

The 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.

Suggested Citation

  • Petersen Hans-Georg, 2012. "Armut, Reichtum und Humankapital Zu den Beziehungen zwischen Bildung, Lebenseinkommen, Besteuerung und staatlicher Umverteilung," Review of Economics, De Gruyter, vol. 63(2), pages 236-264, August.
    • Handle: RePEc:lus:reveco:v:63:y:2012:i:2:p:236-264
    DOI: 10.1515/roe-2012-0206
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    Cited by:

    1. Tomas Meluzin & Marek Zinecker, 2013. "Trends In Ipos: The Evidence From Financial Markets," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 8(2), pages 46-63, June.

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