This paper analyzes educational choices and political support for subsidies to higher education in the presence of a … motivates the median voter to obtain higher education. As a result of increasing own income, the median voter prefers in the … future lower taxes than without higher education. Therefore, the expansion of participation in higher education during the …

-aged owning land may gain by providing public education even when they cannot tax the young. This requires that labor is not … mobile. Furthermore, establishing public education may benefit only the generation which pays for education twice, first for …

This paper compares private investment in risky education in a laissezfaire economy and with income redistribution …. Obtaining higher education requires time and may require paying nondeductible resource costs. The paper shows that … redistributive taxation may actually increase private investment in risky education also without precommitment. …

This paper analyzes educational choices and political support for subsidies to higher education in the presence of a … motivates the median voter to obtain higher education. As a result of increasing own income, the median voter prefers in the … future lower taxes than without higher education. Therefore, the expansion of participation in higher education during the …

This paper analyzes educational choices and political support for subsidies to higher education in the presence of a … motivates the median voter to obtain higher education. As a result of increasing own income, the median voter prefers in the … future lower taxes than without higher education. Therefore, the expansion of participation in higher education during the …

I analyze a two-period model in which risk-averse students divide their time between risky education, leisure, and work …. I suggest that the educated should pay their wage taxes to the region which has financed their education. I show that …

An increasing international applicability of a given type of education encourages students to invest more effort when … studying. Governments, on the other hand, face an incentive to divert the provision of public education away from … internationally applicable education toward country-specific skills. This would mean educating too few engineers, economists and …

An increasing international applicability of a given type of education encourages students to invest more effort when … studying. Governments, on the other hand, face an incentive to divert the provision of public education away from … internationally applicable education toward country-specific skills. This would mean educating too few engineers, economists and …

An increasing international applicability of a given type of education encourages students to invest more effort when … studying. Governments, on the other hand, face an incentive to divert the provision of public education away from … internationally applicable education toward country-specific skills. This would mean educating too few engineers, economists and …

The mobility of labor reduces national incentives to invest in internationally applicable education. The European Union … Leviathan governments, graduate taxes or income-contingent loans could be based on voluntary contracts. Education would then be …