Early education , demographic change , inequality over the life span , redistributive policy
Abstract:
The paper studies the power of educational investments in relation to transfers for
fostering lifetime income and for reducing income inequality in Germany. The welfare
analysis is based on a model of age-dependent human capital accumulation, featuring
dynamic complementarities in skill formation over the life cycle, and calibrated
for the period of ongoing demographic transition until 2080. If policy aims at reducing
the inequality of lifetime income among people of the same generation, educational
investments for people younger than or equal to seventeen do a better job
compared to transfers in adulthood. In an intergenerational perspective all cohorts
born after 1976 will gain from tax-financed additional investments in preschooleducation
introduced in 2011. Additional investments into secondary education will,
as a rule, not cause life time income to raise enough to compensate its costs.
Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.
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