On the optimal provision of social insurance: Progressive taxation versus education subsidies in general equilibrium

In this paper we compute the optimal tax and education policy transition in an economy where progressive taxes provide social insurance against idiosyncratic wage risk, but distort the education decision of households. Optimally chosen tertiary education subsidies mitigate these distortions. We high...

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Veröffentlicht in:	Journal of monetary economics 2016-02, Vol.77, p.72-98
Hauptverfasser:	Krueger, Dirk, Ludwig, Alexander
Format:	Artikel
Sprache:	eng
Schlagworte:	Education Education policy Education subsidy Equilibrium Fiscal policy Progressive taxation Progressive taxes Social security Studies Subsidies Transitional dynamics
Online-Zugang:	Volltext
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