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Portrait of Fredrik Andersson. Photo.

Fredrik Andersson

Professor, Head of the Department of Economics

Portrait of Fredrik Andersson. Photo.

Globalization and risky human-capital investment

Author

  • Fredrik Andersson
  • KA Konrad

Summary, in English

Globalization is supposed to increase the mobility of highly skilled labor and to reduce governments' scope for redistribution. We show that this increases the private incentives for education and may decrease, but may also increase, the government's incentives to provide education subsidies in a framework in which education investment is risky. Globalization shifts the cost of these subsidies to the less skilled. For the welfare implications of globalization the availability of private insurance is crucial. Welfare unambiguously increases if such markets work.

Department/s

  • Department of Economics

Publishing year

2003

Language

English

Pages

211-228

Publication/Series

International Tax and Public Finance

Volume

10

Issue

3

Document type

Journal article

Publisher

Springer

Topic

  • Economics

Keywords

  • education effort
  • migration
  • risk taking
  • income taxation

Status

Published

ISBN/ISSN/Other

  • ISSN: 1573-6970