Teach a man to fish? Education vs. optimal taxation
研究了在非线性税收体系下，教育支出作为再分配工具的效果，发现税收（无论信息是否对称）都大幅削弱了教育支出在最大化社会福利中的再分配作用，表明效用均等化与人力资本结果之间存在冲突。
Abstract In models of redistribution, differences in human capital are often the relevant source of heterogeneity among individuals. Presumably, the distribution of human capital can be manipulated through education spending. This paper examines the use of education as a redistributive tool when there is a non‐linear tax system in place. The results show that taxation, whether under full or asymmetric information, substantially reduces the redistributive role of education spending in maximizing social welfare. This points to a conflict between the equalization of utility and human capital outcomes.