How Do Taxes Affect Human Capital? The Role of Intergenerational Mobility

Lutz Hendricks ()

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: This paper investigates how explicitly modeling the intergenerational transmission of human capital modifies the effects of tax policies obtained from standard life-cycle models. The main finding is that the intergenerational persistence of human capital is not an important determinant of the steady-state and transitional effects of several commonly studied tax policies. Conventional life-cycle models closely approximate the predictions generated by models with realistic intergenerational mobility properties. However, intergenerational persistence can substantially magnify the effects of policies that distort job training investment.

Date: 2001-01-01
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Published in Review of Economic Dynamics 2001, vol. 4, pp. 695-735

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Journal Article: How Do Taxes Affect Human Capital? The Role of Intergenerational Mobility (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:11929

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