Many important questions in the field of public finance can be viewed as problems involving public policies in open …

The transfer elasticity of income tax rates is an important parameter in public finance. Given the significant fiscal …

education, in addition to discussing how technological change creates new challenges for the taxation of income and consumption … crises. Finally, we summarize the key issues discussed at the 2021 International Institute of Public Finance Congress and the …

This paper studies a two-region model in which unemployment, education decisions and interregional migration are … change reduces wages of the unskilled. Both education and migration decisions are distorted by a uniform unemployment …

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 …

This paper studies second best policies for education, saving, and labour in an OLG model in which endogenous growth … equilibria are inefficient. The inefficiency is exacerbated if selfish individuals externalize the positive effect of education … on descendents' productivity. It is shown to be second best to subsidize education even relative to the first best if the …

work a child does, are private information, the second-best policy uses a combination of need and merit based education …