The Convention signed at Lomé on 28 February 1975 between the nine members of the European Economic Community and forty‐six developing countries, known as the ACP States, has been hailed as an important advance in economic cooperation between rich and poor nations. Not only has the number of...

This article examines income tax progression as a mechanism for achieving the intertemporal adjustments of earnings profiles. With a rising income profile, the preference for progression arises from the market (borrowing) rate of interest exceeding the rate at which the government borrows. For a...

Provides a framework for analysing the financing of state pensions with a wide range of policy options. Special attention is given, however, to two special cases: the first involves a means-tested pension similar to the Australian scheme, while the second is similar to the basic pension (the...

Examines, using a simple model, the choice of appropriate contributions of taxes and fees used to finance higher education. A two-period model is developed in which individuals in cohort invest in higher education in the first period, and the interdependences between educational choice and the...

Purpose – This paper aims to examine the growth effects of human capital investment achieved through publicly-provided, compulsory education, financed from income and consumption taxes. Design/methodology/approach – Constructs an endogenous growth model for developing countries, based on...

Explores tax structures in a two-period, two-good model, allowing for endogenous labour supplies. The model includes the specification of a joint distribution of wage rates facing individuals in the two periods. It also specifies a joint distribution of the various preference parameters used,...

This paper uses a lifetime income simulation model to examine the effects on inequality and progressivity of extending the time period over which income is measured. The income tax schedule typically displays increasing marginal rates, and there is a substantial amount of relative income...

Examines, using a simple model, the choice of appropriate contributions of taxes and fees used to finance higher education. A two‐period model is developed in which individuals in cohort invest in higher education in the first period, and the interdependences between educational choice and the...

Explores tax structures in a two‐period, two‐good model, allowing for endogenous labour supplies. The model includes the specification of a joint distribution of wage rates facing individuals in the two periods. It also specifies a joint distribution of the various preference parameters...

This paper uses a lifetime income simulation model to examine the effects on inequality and progressivity of extending the time period over which income is measured. The income tax schedule typically displays increasing marginal rates, and there is a substantial amount of relative income...