2026-04-17T20:42:27Zhttps://recercat.cat/oai/requestoai:recercat.cat:2445/1251862025-12-06T01:55:57Zcom_2072_1057col_2072_478809col_2072_478917
RECERCAT
author
Alonso Carrera, Jaime
author
Caballé, Jordi
author
Raurich, Xavier
2018-10-09T11:15:56Z2018-10-09T11:15:56Z20122018-10-09T11:15:56Z
In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of income determines the posterior intergenerational mobility in human capital and the evolution of intragenerational income inequality. This analysis enables us in turn to characterize the effects of fiscal policy on future income distribution and mobility when the composition of intergenerational transfers is endogenous. To this end, we consider the following government interventions: a pay-as-you-go social security system, a tax on inheritance, a tax on capital income, a tax on labor income, and a subsidy on education investment.
(c) Elsevier B.V., 2012 info:eu-repo/semantics/openAccess
Altruïsme
Recursos humans
Relacions intergeneracionals
Altruism
Human capital
Intergenerational relations
Fiscal policy, composition of intergenerational transfers, and income distribution
info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion