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and because the children have different access to education. Public policy is thus called for, for vertical as well as … cannot remedy this. Quantity controls become necessary: a compulsory education package, financed by a redistributive tax … system, achieves both types of equity. Redistributive taxation and compulsory education are therefore best seen as …
Persistent link: https://www.econbiz.de/10011205371
We examine the effects of differences in social capital on first and second best transfers to families with children, in an asymmetric information context where the number of births, and the future earning capacity of each child that is born, are random variables. The probability that a couple...
Persistent link: https://www.econbiz.de/10005181449