Investment in Education and Redistributive Taxation without Precommitment

Panu Poutvaara

FinanzArchiv: Public Finance Analysis, 2002, vol. 59, issue 2, 177-188

Abstract: 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.

JEL-codes: H21 I22 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (6)

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Working Paper: Investment in Education and Redistributive Taxation without Precommitment (2003)
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