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We study the implications of limited commitment on education and tax policies chosen by benevolent governments. Individual wages are determined by both innate abilities and education levels. Consistent with real world practices, the government can decide to subsidize different levels of...
Persistent link: https://www.econbiz.de/10010833237
We study the implications of limited commitment on education and tax policies chosen by benevolent governments. Individual wages are determined by both innate abilities and education levels. Consistent with real world practices, the government can decide to subsidize different levels of...
Persistent link: https://www.econbiz.de/10011441852
We study the implications of limited commitment on education and tax policies chosen by benevolent governments. Individual wages are determined by both innate abilities and education levels. Consistent with real world practices, the government can decide to subsidize different levels of...
Persistent link: https://www.econbiz.de/10011490537
standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living …
Persistent link: https://www.econbiz.de/10014551008
The taxation of bequests can have a positive impact on the labor supply of heirs through wealth effects. This leads to …
Persistent link: https://www.econbiz.de/10011932015
The taxation of bequests can have a positive impact on the labor supply of heirs through wealth effects. This leads to …
Persistent link: https://www.econbiz.de/10011919449
Persistent link: https://www.econbiz.de/10011921183
Persistent link: https://www.econbiz.de/10012585470
Persistent link: https://www.econbiz.de/10014535104
individuals face wage uncertainty. Though optimal labor distortions are history-dependent, i.e. depend on income and education …, simple policy instruments can yield the desired distortions: a single nonlinear labor income tax schedule combined with …
Persistent link: https://www.econbiz.de/10009358882