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 …

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 …

a popular belief that increasing labor mobility decreases the incentives to finance the education of the subsequent … for both the public pay-as-you-go pension scheme and the public education system. Without labor mobility, each generation …