Discussion paper

DP2326 Privacy, Time Consistent Optimal Labour Income Taxation and Education Policy

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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Citation

Konrad, K (1999), ‘DP2326 Privacy, Time Consistent Optimal Labour Income Taxation and Education Policy‘, CEPR Discussion Paper No. 2326. CEPR Press, Paris & London. https://cepr.org/publications/dp2326