Investment in Education and Redistributive Taxation without Precommitment

This paper compares private investment in risky education in a laissezfaire economy and with income redistribution. Obtaining higher education requires time and may require paying nondeductible resource costs. The paper shows that redistributive taxation may actually increase private investment in risky education also without precommitment.

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Year of publication:	2002
Authors:	Poutvaara, Panu
Published in:	FinanzArchiv: Public Finance Analysis. - ISSN 0015-2218. - Vol. 59.2002, 2, p. 177-177

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Type of publication:	Article
Classification:	H21 - Efficiency; Optimal Taxation ; I22 - Educational Finance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005823483