Optimal paternalistic health and human capital subsidy
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DOI: 10.1016/j.econlet.2018.12.006
Abstract: We characterize the first-best earnings subsidy when agents are heterogeneous with respect to present-biased preferences and cognitive skills. When agents’ health and human capital biased allocations affect not only welfare but also their labor earnings,… read more here.
Keywords: subsidy; health human; human capital; optimal paternalistic ... See more keywords