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. Aset of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

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 …

educational segregation. This occurs when men with a ''male type'' of education and women with a ''female type'' of education come …

Although most types of education give access to a range of occupations, the educational background determines to a … countries, there is a question about the specific role of each type of education in a country and the influence of the structure … of the educational system as a whole on the relationship between education and the labour market. In this paper a …