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optimal education subsidies. Optimal subsidies on education ensure efficiency in human capital accumulation and thus play an … verify all investments in human capital, education policy offsets some but not all tax-induced distortions on learning. Non …-pecuniary educational costs (benefits) may increase (decrease) subsidies on education, especially if they are complementary to work effort. …
Persistent link: https://www.econbiz.de/10011343324
This paper analyzes optimal linear taxes on capital and labor incomes in a life-cyclemodel of human capital investment, financial savings, and labor supply with heteroge-nous individuals. A dual income tax with a positive marginal tax rate on not onlylabor income but also capital income is...
Persistent link: https://www.econbiz.de/10011343277
This paper studies how linear tax and education policy should optimally respond to skill-biased technical change (SBTC … effects due to wage-(de)compression, and iii) education distortions. Analytically, the effect of SBTC on these three … distributional losses, and it increases education distortions. Also, SBTC lowers optimal education subsidies, since SBTC generates …
Persistent link: https://www.econbiz.de/10012404177
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There are many situations in which different groups make collective decisions by committee voting, where each group is represented by a single person. Theoretical concepts suggest how the voting systems in such committees should be designed, but these abstract rules can usually not be...
Persistent link: https://www.econbiz.de/10010240053
There are many situations in which different groups make collective decisions by committee voting, with each group represented by a single person. A natural question is what voting system such a committee should use. Concepts based on voting power provide guidelines for this choice. The two most...
Persistent link: https://www.econbiz.de/10010337025
After decades of government growth, Western countries have witnessed major policy reversals. Prominent examples include the far-reaching policy reversals implemented by Thatcher, Reagan, and Douglas. This paper offers an explanation for these policy reversals. Our key argument rests on the...
Persistent link: https://www.econbiz.de/10010338993
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