Should educational policies be regressive?
Daniel Gottlieb () and
Humberto Moreira ()
No 508, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) from EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil)
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.
Date: 2003-10-19
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Related works:
Journal Article: Should Educational Policies Be Regressive? (2012) 
Working Paper: Should Educational Policies Be Regressive? (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgewp:508
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