Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/189184
Authors: 
Boadway, Robin
Marceau, Nicolas
Marchand, Maurice
Year of Publication: 
1992
Series/Report no.: 
Queen's Economics Department Working Paper No. 860
Abstract: 
Time inconsistency of tax policy is shown to arise in a setting in which households differ in their ability to accumulate wealth and the government has redistributional objectives. The government can levy non-distorting taxes but is precluded from redistributing optimally by a self-selection constraint. The analysis is done for the case in which all wealth is human capital, and education is a private good. An argument can be made for public intervention in the provision of education.
Document Type: 
Working Paper

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