Artikel
Education: Optimal choice and efficient policy
This paper argues that it suffices to assume distortionary wage taxation to prove the efficiency of effective subsidization of education. The paper does not rely on considerations of equity and market failure to justify subsidies. Instead, the optimal subsidy reduces the social cost of distortive wage taxation. The theoretical approach assumes a Mincer‐type earnings function, analyzes corner solutions of optimal schooling choice and derives the result of efficient subsidization in a Ramsey‐type framework. Second‐best policy is confronted with empirical evidence from OECD countries. The majority of countries are shown to subsidize tertiary education in effective terms.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Canadian Journal of Economics/Revue canadienne d'économique ; ISSN: 1540-5982 ; Volume: 54 ; Year: 2021 ; Issue: 2 ; Pages: 840-863
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Richter, Wolfram F.
Schneider, Kerstin
- Ereignis
-
Veröffentlichung
- (wer)
-
Wiley
- (wo)
-
Hoboken, NJ
- (wann)
-
2021
- DOI
-
doi:10.1111/caje.12518
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Richter, Wolfram F.
- Schneider, Kerstin
- Wiley
Entstanden
- 2021
Ähnliche Objekte (12)
Optimal tariffs and firm technology choice: An environmental approach
Education: Optimal Choice and Efficient Policy
Order in multi‐attribute product choice decisions: Evidence from discrete choice experiments combined with eye tracking
OPTIMAL PAYMENT CONTRACTS IN TRADE RELATIONSHIPS
Incentivizing efficient utilization without reducing access: The case against cost‐sharing in insurance
Do Ethnic Networks Ameliorate Education–Occupation Mismatch?
Sisyphos im Management : die vergebliche Suche nach der optimalen Organisationsstruktur
Budget support to the health sector—The right choice for strong institutions? Evidence from panel data
Transnational spaces of education as infrastructures of im/mobility
First home or first away? Optimal ordering in two‐legged ties
Special issue: Contaminants in fats and oils
Lipidomics
Optimal tariffs and firm technology choice: An environmental approach
Education: Optimal Choice and Efficient Policy
Order in multi‐attribute product choice decisions: Evidence from discrete choice experiments combined with eye tracking
OPTIMAL PAYMENT CONTRACTS IN TRADE RELATIONSHIPS
Incentivizing efficient utilization without reducing access: The case against cost‐sharing in insurance
Do Ethnic Networks Ameliorate Education–Occupation Mismatch?
Sisyphos im Management : die vergebliche Suche nach der optimalen Organisationsstruktur
Budget support to the health sector—The right choice for strong institutions? Evidence from panel data
Transnational spaces of education as infrastructures of im/mobility
First home or first away? Optimal ordering in two‐legged ties
Special issue: Contaminants in fats and oils
Lipidomics
Optimal tariffs and firm technology choice: An environmental approach
Education: Optimal Choice and Efficient Policy
Order in multi‐attribute product choice decisions: Evidence from discrete choice experiments combined with eye tracking
OPTIMAL PAYMENT CONTRACTS IN TRADE RELATIONSHIPS
Incentivizing efficient utilization without reducing access: The case against cost‐sharing in insurance
Do Ethnic Networks Ameliorate Education–Occupation Mismatch?
Sisyphos im Management : die vergebliche Suche nach der optimalen Organisationsstruktur
Budget support to the health sector—The right choice for strong institutions? Evidence from panel data
Transnational spaces of education as infrastructures of im/mobility
First home or first away? Optimal ordering in two‐legged ties
Special issue: Contaminants in fats and oils