@TechReport{iza:izadps:dp245, author={Andersson, Fredrik W. and Konrad, Kai A.}, title={Globalization and Human Capital Formation}, year={2001}, month={Jan}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={245}, url={https://www.iza.org/publications/dp245}, abstract={This paper compares education investment in closed and open economies without government and with a benevolent government. The fact that the time consistency problem in taxation can make labor mobility beneficial even if governments are fully benevolent - which is known from other contexts - is shown to be true in the economies considered. It is further shown that labor mobility is unambiguously beneficial if private insurance for human capital investment is available.}, keywords={commitment;migration;time consistent income taxation;education effort;Globalization}, }