Resource title

Two essays on education and governament policies

Resource image

image for OpenScout resource :: Two essays on education and governament policies

Resource description

Whether human capital increases or decreases wage uncertainty is an open ques- tion from an empirical standpoint. Yet, most policy prescriptions regarding human capital formation are based on models that impose riskiness on this type of invest- ment. We slightly deviate from the rest of the literature by allowing for non-linear income taxes in a two period model. This enables us to derive prescriptions that are robust to the risk characteristics of human capital: savings should be discouraged, human capital investments encouraged and both types of investment driven to an e¢ cient level from an aggregate perspective. These prescriptions are also robust to what choices are observed, even though the policy instruments used to implement them are not.

Resource author

Resource publisher

Resource publish date

Resource language

pt-br

Resource content type

Dissertation

Resource resource URL

http://hdl.handle.net/10438/108

Resource license