The Effect of Price and Income on Investment in Schooling
研究负所得税和学费补贴对成年户主教育需求的影响，发现学费补贴效果显著，而负所得税净效应不显著。
This paper investigates the impact of a negative income tax and a program of schooling subsidies on the demand for schooling of adult heads of families. A two-period model of labor supply is developed in which schooling is incorporated. An empirical version of the model is estimated using data from the first three years of the Seattle and Denver Income Maintenance Experiments. Strong effects of the schooling subsidies were found, but net effects of the negative income tax on schooling were not significant. The magnitude of the schooling subsidy effects implies a substantial positive social rate of return to schooling subsidies.