This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. A set of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

Statistics Finland. We analyze emigration events lasting at least five years and decompose migrant self-selection into education … positively self-selected in terms of education and earnings. We also find strong evidence of sorting: men who emigrate outside …

We analyze perceptions of international applicability of one's education and migration aspirations and intentions among … education least internationally applicable. Perceived international applicability strongly predicts migration aspirations and … those not studying law, hours spent studying are increasing with perceived international applicability of one's education …

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

-aged owning land may gain by providing public education even when they cannot tax the young. This requires that labor is not … mobile. Furthermore, establishing public education may benefit only the generation which pays for education twice, first for …