Education and lifetime income during demographic transition


Pfeiffer, Friedhelm ; Reuß, Karsten


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URL: https://ub-madoc.bib.uni-mannheim.de/33297
URN: urn:nbn:de:bsz:180-madoc-332976
Document Type: Working paper
Year of publication: 2013
The title of a journal, publication series: ZEW Discussion Papers
Volume: 13-021
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: D63 , H55 , I20 , J11,
Keywords (English): 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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Pfeiffer, Friedhelm ; Reuß, Karsten (2013) Education and lifetime income during demographic transition. Open Access ZEW Discussion Papers Mannheim 13-021 [Working paper]
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