Schindler, Dirk (contributor); Weigert, Benjamin (contributor) - 2007
available.
: H21, I2, J2
: human capital investment, endogenous risk, learning effort, optimal taxation, public education …
Keywords: human capital investment, endogenous risk, learning effort, optimal
taxation, public education
∗We are indebted to … contracts, when they decide on their human capital
investment (Sinn, 1996).6
All individuals have identical preferences which …