Economics

Investment in Education and Redistributive Taxation without Precommitment

Panu Poutvaara

Investment in Education and Redistributive Taxation without Precommitment

Section: Articles
FinanzArchiv (FA)

Volume 59 (2003) / Issue 2, pp. 177-188 (12)

12,00 € including VAT

article PDF

DOI: 10.1628/0015221032643182

This paper compares private investment in risky education in a laissezfaire economy and with income redistribution. Obtaining higher education requires time and may require paying nondeductible resource costs. The paper shows that redistributive taxation may actually increase private investment in risky education also without precommitment.

Authors/Editors

Panu Poutvaara No current data available.

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