Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries: A New Methodology
This paper presents a new methodology to calculate effective tax rates on the marginal return on an investment in skills within a discounted cash-flow investment framework. This approach takes into account costs including forgone labour earnings and the direct costs of skills formation, as well as t...
Gespeichert in:
| Beteilige Person: | |
|---|---|
| Weitere beteiligte Personen: | |
| Format: | Elektronisch E-Book |
| Sprache: | Englisch |
| Veröffentlicht: |
Paris
OECD Publishing
2013
|
| Schriftenreihe: | OECD Taxation Working Papers
|
| Schlagwörter: | |
| Links: | https://doi.org/10.1787/5k425747xbr6-en |
| Zusammenfassung: | This paper presents a new methodology to calculate effective tax rates on the marginal return on an investment in skills within a discounted cash-flow investment framework. This approach takes into account costs including forgone labour earnings and the direct costs of skills formation, as well as the earnings premium and the return of an alternative investment in capital income. The earnings premium necessary to pursue a skills investment is calculated endogenously. This framework can be used to analyse the financial incentives to invest in skills and the impact of different policies for financing post-secondary education and/or professional training. The paper looks in particular at the effects of personal taxes (possibly net of benefits received) on incentives to acquire skills by estimating the effective tax rate on the return on a marginal skill investment - that is, one where the resulting increase in earnings is just enough to make the investment financially worthwhile; this "margin" can span multiple years. This approach may be helpful to policymakers in assessing the impact of tax progressivity and/ or the withdrawal of benefits and the case for tax breaks for postsecondary education and training, and could be extended to compare the impact of tax breaks relative to other policy instruments to stimulate skills investments. The paper includes some illustrative calculations in order to demonstrate how to apply the methodology within the OECD's Taxing Wages framework for all OECD countries, which is left for follow-up work |
| Umfang: | 1 Online-Ressource (39 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/5k425747xbr6-en |
Internformat
MARC
| LEADER | 00000nam a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV047934028 | ||
| 003 | DE-604 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220413s2013 xx o|||| 00||| eng d | ||
| 024 | 7 | |a 10.1787/5k425747xbr6-en |2 doi | |
| 035 | |a (ZDB-13-SOC)061285900 | ||
| 035 | |a (OCoLC)1312689314 | ||
| 035 | |a (DE-599)BVBBV047934028 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 |a DE-91 |a DE-473 |a DE-824 |a DE-29 |a DE-739 |a DE-355 |a DE-20 |a DE-1028 |a DE-1049 |a DE-188 |a DE-521 |a DE-861 |a DE-898 |a DE-92 |a DE-573 |a DE-19 | ||
| 100 | 1 | |a Brys, Bert |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries |b A New Methodology |c Bert Brys and Carolina Torres = Calcul des taux effectifs de l'impôt sur le revenu des personnes physiques applicables aux investissements marginaux dans les compétences dans les pays de l'OCDE : Nouvelle méthodologie / Bert Brys et Carolina Torres |
| 246 | 1 | 3 | |a Calcul des taux effectifs de l'impôt sur le revenu des personnes physiques applicables aux investissements marginaux dans les compétences dans les pays de l'OCDE |
| 264 | 1 | |a Paris |b OECD Publishing |c 2013 | |
| 300 | |a 1 Online-Ressource (39 Seiten) |c 21 x 29.7cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Taxation Working Papers | |
| 520 | |a This paper presents a new methodology to calculate effective tax rates on the marginal return on an investment in skills within a discounted cash-flow investment framework. This approach takes into account costs including forgone labour earnings and the direct costs of skills formation, as well as the earnings premium and the return of an alternative investment in capital income. The earnings premium necessary to pursue a skills investment is calculated endogenously. This framework can be used to analyse the financial incentives to invest in skills and the impact of different policies for financing post-secondary education and/or professional training. The paper looks in particular at the effects of personal taxes (possibly net of benefits received) on incentives to acquire skills by estimating the effective tax rate on the return on a marginal skill investment - that is, one where the resulting increase in earnings is just enough to make the investment financially worthwhile; this "margin" can span multiple years. This approach may be helpful to policymakers in assessing the impact of tax progressivity and/ or the withdrawal of benefits and the case for tax breaks for postsecondary education and training, and could be extended to compare the impact of tax breaks relative to other policy instruments to stimulate skills investments. The paper includes some illustrative calculations in order to demonstrate how to apply the methodology within the OECD's Taxing Wages framework for all OECD countries, which is left for follow-up work | ||
| 650 | 4 | |a Taxation | |
| 700 | 1 | |a Torres, Carolina |4 ctb | |
| 856 | 4 | 0 | |u https://doi.org/10.1787/5k425747xbr6-en |x Verlag |z kostenfrei |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 943 | 1 | |a oai:aleph.bib-bvb.de:BVB01-033315522 | |
Datensatz im Suchindex
| DE-BY-OTHR_katkey | 6533386 |
|---|---|
| DE-BY-TUM_katkey | 2630388 |
| _version_ | 1831257606228803585 |
| adam_text | |
| any_adam_object | |
| author | Brys, Bert |
| author2 | Torres, Carolina |
| author2_role | ctb |
| author2_variant | c t ct |
| author_facet | Brys, Bert Torres, Carolina |
| author_role | aut |
| author_sort | Brys, Bert |
| author_variant | b b bb |
| building | Verbundindex |
| bvnumber | BV047934028 |
| collection | ZDB-13-SOC |
| ctrlnum | (ZDB-13-SOC)061285900 (OCoLC)1312689314 (DE-599)BVBBV047934028 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/5k425747xbr6-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>00000nam a2200000zc 4500</leader><controlfield tag="001">BV047934028</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220413s2013 xx o|||| 00||| eng d</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/5k425747xbr6-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-13-SOC)061285900</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1312689314</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV047934028</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield><subfield code="a">DE-91</subfield><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield><subfield code="a">DE-29</subfield><subfield code="a">DE-739</subfield><subfield code="a">DE-355</subfield><subfield code="a">DE-20</subfield><subfield code="a">DE-1028</subfield><subfield code="a">DE-1049</subfield><subfield code="a">DE-188</subfield><subfield code="a">DE-521</subfield><subfield code="a">DE-861</subfield><subfield code="a">DE-898</subfield><subfield code="a">DE-92</subfield><subfield code="a">DE-573</subfield><subfield code="a">DE-19</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Brys, Bert</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries</subfield><subfield code="b">A New Methodology</subfield><subfield code="c">Bert Brys and Carolina Torres = Calcul des taux effectifs de l'impôt sur le revenu des personnes physiques applicables aux investissements marginaux dans les compétences dans les pays de l'OCDE : Nouvelle méthodologie / Bert Brys et Carolina Torres</subfield></datafield><datafield tag="246" ind1="1" ind2="3"><subfield code="a">Calcul des taux effectifs de l'impôt sur le revenu des personnes physiques applicables aux investissements marginaux dans les compétences dans les pays de l'OCDE</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2013</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (39 Seiten)</subfield><subfield code="c">21 x 29.7cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Taxation Working Papers</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This paper presents a new methodology to calculate effective tax rates on the marginal return on an investment in skills within a discounted cash-flow investment framework. This approach takes into account costs including forgone labour earnings and the direct costs of skills formation, as well as the earnings premium and the return of an alternative investment in capital income. The earnings premium necessary to pursue a skills investment is calculated endogenously. This framework can be used to analyse the financial incentives to invest in skills and the impact of different policies for financing post-secondary education and/or professional training. The paper looks in particular at the effects of personal taxes (possibly net of benefits received) on incentives to acquire skills by estimating the effective tax rate on the return on a marginal skill investment - that is, one where the resulting increase in earnings is just enough to make the investment financially worthwhile; this "margin" can span multiple years. This approach may be helpful to policymakers in assessing the impact of tax progressivity and/ or the withdrawal of benefits and the case for tax breaks for postsecondary education and training, and could be extended to compare the impact of tax breaks relative to other policy instruments to stimulate skills investments. The paper includes some illustrative calculations in order to demonstrate how to apply the methodology within the OECD's Taxing Wages framework for all OECD countries, which is left for follow-up work</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Taxation</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Torres, Carolina</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1787/5k425747xbr6-en</subfield><subfield code="x">Verlag</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="943" ind1="1" ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033315522</subfield></datafield></record></collection> |
| id | DE-604.BV047934028 |
| illustrated | Not Illustrated |
| indexdate | 2025-01-11T15:45:42Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033315522 |
| oclc_num | 1312689314 |
| open_access_boolean | 1 |
| owner | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| owner_facet | DE-384 DE-91 DE-BY-TUM DE-473 DE-BY-UBG DE-824 DE-29 DE-739 DE-355 DE-BY-UBR DE-20 DE-1028 DE-1049 DE-188 DE-521 DE-861 DE-898 DE-BY-UBR DE-92 DE-573 DE-19 DE-BY-UBM |
| physical | 1 Online-Ressource (39 Seiten) 21 x 29.7cm |
| psigel | ZDB-13-SOC |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Taxation Working Papers |
| spellingShingle | Brys, Bert Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries A New Methodology Taxation |
| title | Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries A New Methodology |
| title_alt | Calcul des taux effectifs de l'impôt sur le revenu des personnes physiques applicables aux investissements marginaux dans les compétences dans les pays de l'OCDE |
| title_auth | Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries A New Methodology |
| title_exact_search | Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries A New Methodology |
| title_full | Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries A New Methodology Bert Brys and Carolina Torres = Calcul des taux effectifs de l'impôt sur le revenu des personnes physiques applicables aux investissements marginaux dans les compétences dans les pays de l'OCDE : Nouvelle méthodologie / Bert Brys et Carolina Torres |
| title_fullStr | Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries A New Methodology Bert Brys and Carolina Torres = Calcul des taux effectifs de l'impôt sur le revenu des personnes physiques applicables aux investissements marginaux dans les compétences dans les pays de l'OCDE : Nouvelle méthodologie / Bert Brys et Carolina Torres |
| title_full_unstemmed | Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries A New Methodology Bert Brys and Carolina Torres = Calcul des taux effectifs de l'impôt sur le revenu des personnes physiques applicables aux investissements marginaux dans les compétences dans les pays de l'OCDE : Nouvelle méthodologie / Bert Brys et Carolina Torres |
| title_short | Effective Personal Tax Rates on Marginal Skills Investments in OECD Countries |
| title_sort | effective personal tax rates on marginal skills investments in oecd countries a new methodology |
| title_sub | A New Methodology |
| topic | Taxation |
| topic_facet | Taxation |
| url | https://doi.org/10.1787/5k425747xbr6-en |
| work_keys_str_mv | AT brysbert effectivepersonaltaxratesonmarginalskillsinvestmentsinoecdcountriesanewmethodology AT torrescarolina effectivepersonaltaxratesonmarginalskillsinvestmentsinoecdcountriesanewmethodology AT brysbert calculdestauxeffectifsdelimpotsurlerevenudespersonnesphysiquesapplicablesauxinvestissementsmarginauxdanslescompetencesdanslespaysdelocde AT torrescarolina calculdestauxeffectifsdelimpotsurlerevenudespersonnesphysiquesapplicablesauxinvestissementsmarginauxdanslescompetencesdanslespaysdelocde |