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 …-
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1 Introduction
Educational risk is a salient feature of human capital investments. Education risk
can be …