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their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …
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In an overlapping generations model with two social classes, rich and poor, parents of the different social classes vote on two issues. redistributive policies for them and education investments for their kids.Public education is the engine for growth its effect on human capital; but is also the...
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In an overlapping generations model with two social classes, rich and poor, parents of the different social classes vote on two issues: redistributive policies for them and education investment for their children. Public education is the engine for growth through its effect on human capital; but...
Persistent link: https://www.econbiz.de/10013317185
their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …
Persistent link: https://www.econbiz.de/10012469200