Can I read Human Capital and Optimal Redistribution on EtoBox?
Human Capital and Optimal Redistribution by Sonia Regina Cabral is a document available to read on EtoBox.
What is Human Capital and Optimal Redistribution about?
The paper analyzes optimal redistribution in a dynastic economy considering observable human capital and hidden ability, highlighting the differences in investment incentives between human capital and bequests. It finds that optimal human capital investment should increase with parental income due to ability transmission but decrease with inherited wealth due to its negative impact on labor supply. The authors propose that education financing can be structured through contingent repayment loans to achieve s
- Author
- Sonia Regina Cabral
- Language
- EN