Optimal educational choice and redistribution when parental education matters
AbstractHigher education plays an important role in determining lifetime earnings. In turn, the decision to become educated depends to a large extent on family characteristics, such as wealth and education. In this paper, we focus on the interaction between fiscal policies and educational choices when parental education matters. We derive optimality conditions for a linear income tax and a lump-sum subsidy for education in a dynamic framework in which generations are linked by educational background. The factors that determine their sign and magnitude include concerns for redistribution, efficiency, and the educational externality on future generations. Copyright 2002, Oxford University Press.
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Bibliographic InfoArticle provided by Oxford University Press in its journal Oxford Economic Papers.
Volume (Year): 54 (2002)
Issue (Month): 3 (July)
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Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
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Web page: http://oep.oupjournals.org/
Other versions of this item:
- DEL REY, Elena & RACIONERO, Maria del Mar, . "Optimal educational choice and redistribution when parental education matters," CORE Discussion Papers RP -1582, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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- Elena Del Rey & Maria Racionero, 2004.
"An efficiency argument for affirmative action in higher education,"
ANU Working Papers in Economics and Econometrics
2005-447, Australian National University, College of Business and Economics, School of Economics.
- Elena del Rey & María Racionero, 2008. "An efficiency argument for affirmative action in higher education," Hacienda Pública Española, IEF, vol. 187(4), pages 41-48, December.
- Wolfram F. Richter & Christoph Braun, 2010.
"Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth,"
CESifo Working Paper Series
2982, CESifo Group Munich.
- Richter, Wolfram F. & Braun, Christoph, 2009. "Efficient Subsidization of Human Capital Accumulation with Overlapping Generations and Endogenous Growth," IZA Discussion Papers 4629, Institute for the Study of Labor (IZA).
- Mihails Hazans & Ija Trapeznikova & Olga Rastrigina, 2008. "Ethnic and parental effects on schooling outcomes before and during the transition: evidence from the Baltic countries," Journal of Population Economics, Springer, vol. 21(3), pages 719-749, July.
- Mihails Hazans & Ija Trapeznikova, 2006. "Access to Secondary Education in Albania: Incentives, Obstacles, and Policy Spillovers," SSE Riga/BICEPS Research Papers 2006-1, Baltic International Centre for Economic Policy Studies (BICEPS) and Stockholm School of Economics in Riga (SSE Riga).
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