Education Policies and Taxation without Commitment
研究了仁慈政府在缺乏承诺时如何设定不同教育阶段的补贴和劳动税，发现补贴的累进或累退性取决于税收设计方式。
Abstract We study the implications of limited commitment on education and tax policies set by benevolent governments. Consistent with real‐world practices, a government can decide to subsidize different levels of education at different rates. A lack of commitment, however, affects the optimal structure of education subsidies. The direction of the effect depends on how labor taxes are designed. With linear labor tax rates and a transfer for redistribution, subsidies become more progressive. By contrast, if the government is only constrained by informational asymmetries when designing taxes, subsidies become more regressive.