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Given that young children are under the control of their parents, if the government has an interest in either the … welfare or the productivity of the former, it has no option but to act through the latter. Parents are, in the ordinary sense … gives rise to some new ones. -- optimal taxation ; optimal family allowances ; hidden ability to raise children ; hidden …
Persistent link: https://www.econbiz.de/10003850519
The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...
Persistent link: https://www.econbiz.de/10003299364
The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the...
Persistent link: https://www.econbiz.de/10013318048
Higher education is not just a signal of innate ability. At least a certain level of educational achievement (degree level, degree mark) is strictly required to perform a graduate job. School leavers fall into two categories, the rich and the poor. Ability is distributed in the same way in both...
Persistent link: https://www.econbiz.de/10010485521
As credit and insurance markets are imperfect, and given that intra-family transfers, and the way a child uses her time outside school hours, are private information, the second-best policy makes school enrollment compulsory, forces overt child labour below its efficient level (if positive), and...
Persistent link: https://www.econbiz.de/10013126131
the children born to a couple are random variables with probability distributions conditional on unobservable parental … actions. Potential parents take their decisions without taking into account the effects of these actions on the government …'s future tax revenue. The second-best policy provides parents with credit and insurance, and allows them to appropriate the …
Persistent link: https://www.econbiz.de/10013159509
Given that young children are under the control of their parents, if the government has an interest in either the … welfare or the productivity of the former, it has no option but to act through the latter. Parents are, in the ordinary sense …
Persistent link: https://www.econbiz.de/10010271969