Rehme, Güther - In: FinanzArchiv: Public Finance Analysis 59 (2002) 4, pp. 479-479
It is assumed that education simultaneously affects growth and wage inequality. Human capital is taken as lumpy, and education policy has a direct bearing on growth, the number of high-skilled people, and wages. It is shown that the optimal policy for the unskilled is Rawlsian and implies high...