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time-consistency problem in income redistribution. There may be political support for so generous subsidization that it … income redistribution. -- Education ; time-consistency problem ; voting ; subsidies to education …
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time-consistency problem in income redistribution. There may be political support for so generous subsidization that it … income redistribution …
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We study the joint design of nonlinear income and education taxes when the government pursues redistributive objectives. A key feature of our setup is that the ability type of an agent can affect both the costs and benefits of acquiring education. Market remuneration of agents depends on both...
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