Money or Joy

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dc.contributor.author	Alstadsæter, Annette	en_US
dc.contributor.author	Kolm, Ann-Sofie	en_US
dc.contributor.author	Larsen, Birthe	en_US
dc.date.accessioned	2009-02-04T10:27:44Z
dc.date.available	2009-02-04T10:27:44Z
dc.date.issued	2005-12-01T00:00:00Z	en_US
dc.identifier.uri	http://hdl.handle.net/10398/7562
dc.description.abstract	This paper examines the effect of taxes on the individuals' choices of educational direction, and thus on the economy.s skill composition. A proportional labour tax induces too many workers with high innate ability to choose an educational type associated with high consumption value and low effort. This increases the skill mismatch and aggregate unemployment in the economy. The government can correct for this distortion by use of differentiated tuition fees or tax rates. JEL codes: J64, J68, H21, H24 Keywords: Unemployment, matching, education, optimal taxation, tuition fees	en_US
dc.format.extent	25 s.	en_US
dc.language	eng	en_US
dc.relation.ispartofseries	Working paper;2005-023	en_US
dc.title	Money or Joy	en_US
dc.type	wp	en_US
dc.accessionstatus	modt05dec01 miel	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Økonomisk institut
dc.contributor.departmentshort	ECON	en_US
dc.contributor.departmentuk	Department of Economics	en_US
dc.contributor.departmentukshort	ECON	en_US
dc.description.notes	Version: November 28, 2005	en_US
dc.idnumber	x656504101	en_US
dc.publisher.city	København	en_US
dc.publisher.year	2005	en_US
dc.title.subtitle	The Choice of Educational Type	en_US