The costs of education, longevity and the poverty of nations
Autor(a) principal: | |
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Data de Publicação: | 2003 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/507 |
Resumo: | This paper explores the distortions on the cost of education, associated with government policies and institutional factors, as an additional determinant of cross-country income differences. Agents are finitely lived and the model takes into account life-cycle features of human capital accumulation. There are two sectors, one producing goods and the other providing educational services. The model is calibrated and simulated for 89 economies. We find that human capital taxation has a relevant impact on incomes, which is amplified by its indirect effect on returns to physical capital. Life expectancy plays an important role in determining long-run output: the expansion of the population working life increases the present value of the flow of wages, which induces further human capital investment and raises incomes. Although in our simulations the largest gains are observed when productivity is equated across countries, changes in longevity and in the incentives to educational investment are too relevant to ignore. |
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Ferreira, Pedro CavalcantiPessôa, Samuel de AbreuEscolas::EPGEFGV2008-05-13T15:25:28Z2010-09-23T18:56:50Z2008-05-13T15:25:28Z2010-09-23T18:56:50Z2003-01-030104-8910http://hdl.handle.net/10438/507This paper explores the distortions on the cost of education, associated with government policies and institutional factors, as an additional determinant of cross-country income differences. Agents are finitely lived and the model takes into account life-cycle features of human capital accumulation. There are two sectors, one producing goods and the other providing educational services. The model is calibrated and simulated for 89 economies. We find that human capital taxation has a relevant impact on incomes, which is amplified by its indirect effect on returns to physical capital. Life expectancy plays an important role in determining long-run output: the expansion of the population working life increases the present value of the flow of wages, which induces further human capital investment and raises incomes. Although in our simulations the largest gains are observed when productivity is equated across countries, changes in longevity and in the incentives to educational investment are too relevant to ignore.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;472DistortionsHuman capitalLongevityIncome diversityEconomiaEconomiaEducação e nível de rendaRenda - DistribuiçãoThe costs of education, longevity and the poverty of nationsinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessTHUMBNAIL1320.pdf.jpg1320.pdf.jpgGenerated Thumbnailimage/jpeg4252https://repositorio.fgv.br/bitstreams/04f5196b-db24-4cfd-96c8-0f47d05a2c9a/download5773d5315dad366f40f51fa3ae19bb01MD58ORIGINAL1320.pdfapplication/pdf396537https://repositorio.fgv.br/bitstreams/71c13206-a8ab-489a-ab81-ec8c1ec8d9bf/download401d77c4814f8baecd368dd4651c9908MD52TEXT1320.pdf.txt1320.pdf.txtExtracted texttext/plain63917https://repositorio.fgv.br/bitstreams/7ef69a2b-c59f-4e4c-93dd-4b1ee4d0925e/download5e21493d87c3e2503ea66ca5df688627MD5710438/5072023-11-09 15:38:38.308open.accessoai:repositorio.fgv.br:10438/507https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T15:38:38Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
The costs of education, longevity and the poverty of nations |
title |
The costs of education, longevity and the poverty of nations |
spellingShingle |
The costs of education, longevity and the poverty of nations Ferreira, Pedro Cavalcanti Distortions Human capital Longevity Income diversity Economia Economia Educação e nível de renda Renda - Distribuição |
title_short |
The costs of education, longevity and the poverty of nations |
title_full |
The costs of education, longevity and the poverty of nations |
title_fullStr |
The costs of education, longevity and the poverty of nations |
title_full_unstemmed |
The costs of education, longevity and the poverty of nations |
title_sort |
The costs of education, longevity and the poverty of nations |
author |
Ferreira, Pedro Cavalcanti |
author_facet |
Ferreira, Pedro Cavalcanti Pessôa, Samuel de Abreu |
author_role |
author |
author2 |
Pessôa, Samuel de Abreu |
author2_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Ferreira, Pedro Cavalcanti Pessôa, Samuel de Abreu |
dc.subject.por.fl_str_mv |
Distortions Human capital Longevity Income diversity |
topic |
Distortions Human capital Longevity Income diversity Economia Economia Educação e nível de renda Renda - Distribuição |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Economia Educação e nível de renda Renda - Distribuição |
description |
This paper explores the distortions on the cost of education, associated with government policies and institutional factors, as an additional determinant of cross-country income differences. Agents are finitely lived and the model takes into account life-cycle features of human capital accumulation. There are two sectors, one producing goods and the other providing educational services. The model is calibrated and simulated for 89 economies. We find that human capital taxation has a relevant impact on incomes, which is amplified by its indirect effect on returns to physical capital. Life expectancy plays an important role in determining long-run output: the expansion of the population working life increases the present value of the flow of wages, which induces further human capital investment and raises incomes. Although in our simulations the largest gains are observed when productivity is equated across countries, changes in longevity and in the incentives to educational investment are too relevant to ignore. |
publishDate |
2003 |
dc.date.issued.fl_str_mv |
2003-01-03 |
dc.date.accessioned.fl_str_mv |
2008-05-13T15:25:28Z 2010-09-23T18:56:50Z |
dc.date.available.fl_str_mv |
2008-05-13T15:25:28Z 2010-09-23T18:56:50Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
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info:eu-repo/semantics/article |
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article |
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publishedVersion |
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http://hdl.handle.net/10438/507 |
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0104-8910 |
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0104-8910 |
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http://hdl.handle.net/10438/507 |
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eng |
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eng |
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Ensaios Econômicos;472 |
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info:eu-repo/semantics/openAccess |
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openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
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Escola de Pós-Graduação em Economia da FGV |
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