Bovenberg, A. Lans; Jacobs, Bas - Tinbergen Institute - 2005
optimal education subsidies. Optimal subsidies on education ensure efficiency in human capital accumulation and thus play an … verify all investments in human capital, education policy offsets some but not all tax-induced distortions on learning. Non …-pecuniary educational costs (benefits) may increase (decrease) subsidies on education, especially if they are complementary to work effort. …