Privacy, Time Consistent Optimal Labour Income Taxation and Education Policy

Preprint OPEN
Konrad, Kai A.;
(1999)
  • Subject: Privacy; Time Inconsistent Income Taxation
    • jel: jel:H21 | jel:H23

Incomplete information is a commitment device for time consistency problems. In the context of time consistent labour income taxation privacy reduces welfare losses and increases the effectiveness of public education as a second best policy.
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