We quantify the private and fiscal lifetime returns to higher education in Germany accounting for the redistribution through the tax-and-transfer system, cohort effects, and the effect of income pooling within households. For this purpose we build a dynamic microsimulation model that simulates individual life cycles of a young German cohort in terms of several key variables, such as employment, earnings, ...
School of Business and Economics, Freie Universität Berlin,
(Discussion Paper Economics 2020/21)
| Benjamin Fischer, Dominik Hügle