%0 Report %A Andersson, Fredrik W. %A Konrad, Kai A. %T Globalization and Human Capital Formation %D 2001 %8 2001 Jan %I Institute of Labor Economics (IZA) %C Bonn %7 IZA Discussion Paper %N 245 %U https://www.iza.org/publications/dp245 %X 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. %K commitment %K migration %K time consistent income taxation %K education effort %K Globalization