tax revenue is more than enough to pay for public abatement R&D. Second, tax distortions and externalities substantially …

I consider the effect of empathy towards others on the internalization of interpersonal externalities and on private …

Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities … preferences for commodities, public goods, and externalities are heterogeneous. When preference differences are observable …

China. After instrumenting city-level education using the number of relocated university departments across cities in the … 1950s, one year more city-level education increases individual hourly wage by 22.0 percent, more than twice the OLS …

I study the allocation of human capital in an economy with production externalities, financial constraints and career … choices. Agents choose to become entrepreneurs, workers or financiers. Entrepreneurship has positive externalities, but … education subsidies are chosen optimally, I find that the financial sector should be taxed in exactly the same way as the non …

-hopping facilitates the reallocation of resources towards firms with superior innovations, but it also creates human capital externalities …

known about the private return to education, much less is known about the more important question of what happens to … of human capital can benefit society in ways that are not fully reflected in the private return of education. Human … individual productivity. Furthermore, increases in education can reduce criminal participation and improve voters' political …