Should Educational Policies Be Regressive?

Humberto Moreira and Daniel Gottlieb ()

No 258, Econometric Society 2004 North American Summer Meetings from Econometric Society

Abstract: In this paper, we show that when the government is able to transfer wealth between generations, regressive policies are no longer optimal. The optimal educational policy can be decentralized through appropriate Pigouvian taxes and credit provision, is not regressive, and provides equality of opportunities in education (in the sense of irrelevance of parental income for the amount of education). Moreover, in the presence of default, the optimal policy can be implemented through income-contingent payments

Keywords: Education; Pigouvian taxes; Student loans; redistribution. (search for similar items in EconPapers)
JEL-codes: I28 H23 I22 H52 (search for similar items in EconPapers)
Date: 2004-08-11

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Working Paper: Should educational policies be regressive? (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:ecm:nasm04:258

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