the motivations for public education. Public education can be important for equal opportunities and has a number of … redistributional aspects within and between generations. We further discuss possible externalities of education, the issue of … intersectoral investment neutrality and a fundamental time consistency problem of optimal taxation that may make public expenditure …

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … present risks is a dichotomic task: Wage risk is diversified ex post among the skilled by graduate taxation and skill … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …

This paper considers education investment and public education subsidies in closed and open economies with an … extortionary government. The extortionary government in a closed economy has incentives to subsidize education in order to overcome … a hold-up problem of time consistent taxation, similar to benevolent governments. The two types of government differ in …

time-consistent taxation similar to benevolent governments. The two types of government differ in their education policies …This paper considers education investment and public education policy in closed and open economies with an extortionary … government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of …

This paper compares education investment in closed and open economies without government and with a benevolent … government. The fact that the time consistency problem in taxation can make labor mobility beneficial even if governments are …

income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second …

We study optimal linear income taxation in a model with heterogeneous agents where earnings potentials are endogenously …

This paper analyzes regional public education policy in the presence of mobile workers. Labor market integration leads … to fiscal competition, shifting the whole burden of taxation to immobile workers. In the case of mobile skilled workers … politicians choose to invest too little in education. …

We study education and income tax policies in a model with endogenous selection into college. Our framework is strongly … policy reforms starting from the current system and (ii) derive conditions for optimal education and tax policies with … subsidies, and optimal education dependent taxes. We estimate the relevant parameters of the model for quantitative analysis. We …

theorem on commodity taxes in the optimal taxation literature. Naito (1999) showed that indirect redistribution through … capital accumulation ; non-linear income taxation ; comparative advantage …