This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. A set of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

Katharina Wedel prepared this study while she was working at the Center for the Economics of Education at the ifo … Munich. It consists of four distinct empirical essays that address various aspects of the economics of education. Chapter 2 … sheds light on the interaction of two inputs into the education production function: instruction time and teacher …

Pakistan's education system faces long-standing problems in access, quality, and equal opportunity at every level …: primary and secondary schools, higher education and vocational education. In spite of recent encouraging trends, such as the … rapid spread of private schooling and an expansion of higher education opportunities, systemic reform remains stubbornly …

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 education at different rates. Deviations from full commitment tend to make …

This paper considers how optimal education and tax policy depends on the risk properties of human capital. It is … positive or a negative education premium. In the same model a positive intertemporal wedge is optimal. A set of generalizations …, including non-observability of education, non-observability of consumption, and temporal resolution of uncertainty, are then …

Justification for policies to encourage investments in education, particularly for individuals at the lower end of the … potentially loss averse around their expected outcome make risky investments in education and we draw on optimal tax theory to … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …

This paper considers education investment and public education subsidies in closed and open economies with an … extortionary government. The extortionary government in a closed economy has incentives to subsidize education in order to overcome … their education policies if highly productive labor is fully mobile. Extortionary governments? incentives for education …

This paper considers education investment and public education policy in closed and open economies with an extortionary … government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of … time-consistent taxation similar to benevolent governments. The two types of government differ in their education policies …

This paper considers education investment and public education subsidies in closed and open economies with an … extortionary government. The extortionary government in a closed economy has incentives to subsidize education in order to overcome … their education policies if highly productive labor is fully mobile. Extortionary governments' incentives for education …