Immigrant children often face educational disadvantages that stem from their parents' decision-making. For example, in many immigrant-receiving countries, immigrants are less likely than the native-born to enroll their children in preschool programs or enable them access to higher education....

This paper shows that taxes which are understood to be neutral with respect to the marginal investment decisions may be distortionary with respect to entrepreneurial decisions. In particular, we apply an intertemporal model to show that a comprehensive income tax is distortionary unless all...