Richter, Wolfram F. - Institute for the Study of Labor (IZA) - 2008
of policy priority is derived. Efficient tax policy ranks education higher than saving. The result assumes an isoelastic ….
JEL Classification: H21, I28, J24
Keywords: endogenous choice of education, labour and saving, efficient taxation of … attack and to justify
the taxation of capital, efficiency arguments are at best inconclusive. They lend
themselves to …