above the primary level is that the rich take up most education, so a subsidy would increase inequality. We show that there …, pre-tax income inequality decreases.We consider a Walrasian world with perfect capital and insurance markets. Hence, in …

above the primary level is that the rich take up most education, so a subsidy would increase inequality. We show that there …, pre-tax income inequality decreases. We consider a Walrasian world with perfect capital and insurance markets. Hence, in …