Should educational policies be regressive?
AbstractIn 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
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Bibliographic InfoPaper provided by FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil) in its series Economics Working Papers (Ensaios Economicos da EPGE) with number 508.
Date of creation: 19 Oct 2003
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Other versions of this item:
- Humberto Moreira & Daniel Gottlieb, 2004. "Should Educational Policies Be Regressive?," Econometric Society 2004 North American Summer Meetings 258, Econometric Society.
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
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