Fu, Chao; Ishimaru, Shoya; Kennan, John - 2022
government chooses income tax rates, per-student expenditure levels on public K-12 and college education, college tuition and the … provision of other public goods, subject to its budget constraint. We estimate the model using data from the U.S. Using … counterfactual simulations, we find that free-public-college policies, mandatory or subsidized, would decrease state expenditure on …