How many educated workers for your economy? European targets, optimal public spending, and labor market impact
Autor(a) principal: | |
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Data de Publicação: | 2018 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/15784 |
Resumo: | This paper studies optimal taxation schemes for education in a search- matching model where the labor market is divided between a high-skill and a low-skill sector. Two public policy targets - maximizing the total employment level and optimizing the social surplus - are studied according to three different public taxation strategies. We calibrate our model using evidence from thirteen European countries, and compare our results with the target from the Europe 2020 Agenda for achievement in higher education. We show that, with current labor market char- acteristics, the target set by governments seems compatible with the social surplus maximization objective for some countries, while being too high for other countries. For all countries, maximizing employment would imply higher educational spending than that required for the social surplus to reach its maximum. |
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How many educated workers for your economy? European targets, optimal public spending, and labor market impactEducational policyJob searchMatching modelOptimal taxationThis paper studies optimal taxation schemes for education in a search- matching model where the labor market is divided between a high-skill and a low-skill sector. Two public policy targets - maximizing the total employment level and optimizing the social surplus - are studied according to three different public taxation strategies. We calibrate our model using evidence from thirteen European countries, and compare our results with the target from the Europe 2020 Agenda for achievement in higher education. We show that, with current labor market char- acteristics, the target set by governments seems compatible with the social surplus maximization objective for some countries, while being too high for other countries. For all countries, maximizing employment would imply higher educational spending than that required for the social surplus to reach its maximum.Springer VerlagRepositório da Universidade de LisboaLebon, IsabelleRebière, Thérèse2018-07-03T10:54:36Z2018-032018-03-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/15784engLebon, Isabelle e Thérèse Rebière (2018). "How many educated workers for your economy? European targets, optimal public spending, and labor market impact". Portuguese Economic Journal, 17(1):1-441617-982X (print)10.1007/s10258-018-0142-8metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-05-28T01:31:04Zoai:www.repository.utl.pt:10400.5/15784Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:01:21.770503Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
How many educated workers for your economy? European targets, optimal public spending, and labor market impact |
title |
How many educated workers for your economy? European targets, optimal public spending, and labor market impact |
spellingShingle |
How many educated workers for your economy? European targets, optimal public spending, and labor market impact Lebon, Isabelle Educational policy Job search Matching model Optimal taxation |
title_short |
How many educated workers for your economy? European targets, optimal public spending, and labor market impact |
title_full |
How many educated workers for your economy? European targets, optimal public spending, and labor market impact |
title_fullStr |
How many educated workers for your economy? European targets, optimal public spending, and labor market impact |
title_full_unstemmed |
How many educated workers for your economy? European targets, optimal public spending, and labor market impact |
title_sort |
How many educated workers for your economy? European targets, optimal public spending, and labor market impact |
author |
Lebon, Isabelle |
author_facet |
Lebon, Isabelle Rebière, Thérèse |
author_role |
author |
author2 |
Rebière, Thérèse |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Lebon, Isabelle Rebière, Thérèse |
dc.subject.por.fl_str_mv |
Educational policy Job search Matching model Optimal taxation |
topic |
Educational policy Job search Matching model Optimal taxation |
description |
This paper studies optimal taxation schemes for education in a search- matching model where the labor market is divided between a high-skill and a low-skill sector. Two public policy targets - maximizing the total employment level and optimizing the social surplus - are studied according to three different public taxation strategies. We calibrate our model using evidence from thirteen European countries, and compare our results with the target from the Europe 2020 Agenda for achievement in higher education. We show that, with current labor market char- acteristics, the target set by governments seems compatible with the social surplus maximization objective for some countries, while being too high for other countries. For all countries, maximizing employment would imply higher educational spending than that required for the social surplus to reach its maximum. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-07-03T10:54:36Z 2018-03 2018-03-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/15784 |
url |
http://hdl.handle.net/10400.5/15784 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Lebon, Isabelle e Thérèse Rebière (2018). "How many educated workers for your economy? European targets, optimal public spending, and labor market impact". Portuguese Economic Journal, 17(1):1-44 1617-982X (print) 10.1007/s10258-018-0142-8 |
dc.rights.driver.fl_str_mv |
metadata only access info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
metadata only access |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Springer Verlag |
publisher.none.fl_str_mv |
Springer Verlag |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131102200201216 |