Are Higher Education Subsidies Second Best?
在一个最优税收框架下，研究了部分人口能利用高等教育投资的情况，发现线性所得税搭配物质投资补贴有时能提高社会福利，但非线性所得税搭配补贴则不能。
Abstract An optimal taxation framework is considered in which part of the population can take advantage of investment in higher education. It is shown that social welfare can sometimes be increased by supplementing linear income taxes with a subsidy to material investment in higher education, but that social welfare can never be increased by supplementing a non‐linear income tax with such a subsidy.