Schindler, Dirk (contributor); Weigert, Benjamin (contributor) - 2007
is not optimal to use
s and public education spending provide simultaneously insurance and r
l, if tuition fees are not … available.
: H21, I2, J2
: human capital investment, endogenous risk, learning effort, optimal taxation, public education … develop a model of education where individuals face educational
risk. Successful graduation depends on individual effort to …