Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75862
Authors: 
Poutvaara, Panu
Year of Publication: 
2001
Series/Report no.: 
CESifo Working Paper 424
Abstract: 
This paper proposes and analyzes a model of a “European economy” with three overlapping generations, redistributive social security, and public universities without tuition. Individuals differ ex ante. The effect of wage tax rate on occupational choice and the voting equilibrium of wage tax rate and educational investments are analyzed both under full certainty and with income risks facing the educated and the uneducated.
Subjects: 
Education
social security
redistributive taxation
occupational choice
Document Type: 
Working Paper

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