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Optimal student loans and graduate tax under moral hazard and adverse selection

Author

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  • Robert J. Gary‐bobo
  • Alain Trannoy

    () (EHESS - École des hautes études en sciences sociales, GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - ECM - Ecole Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique - AMU - Aix Marseille Université - EHESS - École des hautes études en sciences sociales)

Abstract

We thank Kathryn Spier, three anonymous referees of the RAND Journal of Economics, Christian Gollier, and Pierre-André Chiappori for very useful remarks and comments. This manuscript is the revised version of a Working Paper by the same authors, circulated in May 2012 and titled, “Equal Treatment as a Second Best: Student Loans under Asymmetric Information.” This research has been supported by a research grant of the ANR “programme blanc.” Gary-Bobo's research is also supported by Investissements d'Avenir (no. ANR-11-IDEX-0003), Labex Ecodec (no. ANR-11-LABX-0047).

Suggested Citation

  • Robert J. Gary‐bobo & Alain Trannoy, 2015. "Optimal student loans and graduate tax under moral hazard and adverse selection," Post-Print hal-01457311, HAL.
  • Handle: RePEc:hal:journl:hal-01457311
    DOI: 10.1111/1756-2171.12097
    Note: View the original document on HAL open archive server: https://hal-amu.archives-ouvertes.fr/hal-01457311
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    Cited by:

    1. Lochner, Lance & Monge-Naranjo, Alexander, 2014. "Student Loans and Repayment: Theory, Evidence and Policy," Working Papers 2014-40, Federal Reserve Bank of St. Louis, revised 12 Nov 2014.
    2. Higgins, Tim & Sinning, Mathias, 2013. "Modeling income dynamics for public policy design: An application to income contingent student loans," Economics of Education Review, Elsevier, vol. 37(C), pages 273-285.
    3. Winfried Koeniger & Julien Prat, 2018. "Human Capital and Optimal Redistribution," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 27, pages 1-26, January.
    4. Findeisen, Sebastian & Sachs, Dominik, 2016. "Education and optimal dynamic taxation: The role of income-contingent student loans," Journal of Public Economics, Elsevier, vol. 138(C), pages 1-21.
    5. Meunier Guy & Ponssard Jean-Pierre, 2017. "Financing innovative green projects with asymmetric information and costly public funds," Working Papers 2017-55, Center for Research in Economics and Statistics.

    More about this item

    Keywords

    Economie quantitative;

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality

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