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urban voters may impose their will on the voters of rural cantons voting instrumentally. -- political economics of taxation …
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In this paper, we quantitatively assess the welfare implications of alternative public education spending rules. To this end, we employ a dynamic stochastic general equilibrium model in which human capital externalities and public education expenditures, financed by distorting taxes, enhance the...
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present risks is a dichotomic task: Wage risk is diversified ex post among the skilled by graduate taxation and skill … taxation ; regressive tuition fees …
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