Financing Education Using Optimal Redistributive Taxation

Craig Brett () and John Allan Weymark ()

No 38, Working Papers from Department of Economics, Vanderbilt University

Abstract: In this article, the joint use of an income tax and public provision of education as instruments to achieve the government's distributional objectives are considered. Individuals differ in innate labour productivity and in aptitude to acquire skills through education. Actual labour productivity depends on both innate skill and the amount of education received. Using a generalized version of the Mirrlees tax problem that incorporates these features, qualitative properties of an optimal tax schedule are investigated.

Keywords: Optimal taxation; income taxation; multidimensional screening; education finance (search for similar items in EconPapers)
JEL-codes: D82 H21 H52 (search for similar items in EconPapers)
Date: 2000-06, Revised 2001-05
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http://www.vanderbilt.edu/econ/wparchive/workpaper/vu00-w38R.pdf Revised version, 2001 (application/pdf)

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Journal Article: Financing education using optimal redistributive taxation (2003)
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Persistent link: http://EconPapers.repec.org/RePEc:van:wpaper:0038

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