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Education Decisions, Equilibrium Policies and Wages Dispersion

  • Gianluca Violante
  • Giovanni Gallipoli

    ()

    (Economics University College London)

  • Costas Meghir

(they are crowded out). Thus the subsidy strongly acts on the composition of those in education. We find that subsidies made conditional on financial resources are generally preferable to those conditional on ability and large equilibrium effects can be induced by relatively small changes in marginal returns. We also evaluate the effects of changes in the relative burden of labor vis-a-vis capital taxes.

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Paper provided by Society for Economic Dynamics in its series 2005 Meeting Papers with number 522.

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Date of creation: 2005
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Handle: RePEc:red:sed005:522
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