work a child does, are private information, the second-best policy uses a combination of need and merit based education …

We study Pareto optimal tax and education policies when human capital upon labor market entry is endogenous and … individuals face wage uncertainty. Though optimal labor distortions are history-dependent, i.e. depend on income and education …-contingent loans. To take themodel to the (US) data, we simplify the model to a binary education decision (graduating from college or …

education wedges in this setting analytically and numerically, using a calibrated example. We present ways to implement the … given out to agents during education. These repayment plans are contingent on loan size and income and capture the history … dependence of the labor wedges. Applying the model to US-data and a binary education decision (graduating from college or not) we …

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 …

work a child does, are private information, the second-best policy uses a combination of need and merit based education … child labour. -- child labour ; education ; uncertainty ; moral hazard …

approximate the second-best policy by incorporating these principles in some measure. -- child labour ; education ; uncertainty …

work a child does, are private information, the second-best policy uses a combination of need and merit based education …