Bovenberg, A Lans; Jacobs, Bas - C.E.P.R. Discussion Papers - 2001
optimal level of education subsidies along with the optimal progressive schedule of the labour income tax and optimal capital … redistribute income towards the less able. We thus provide a rationale for the widely observed presence of education subsidies. The … actually observed tax codes and level of education subsidies suggest that a large part of education subsidies can be justified …