Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an individual's investment in education confers a 'dividend' on future taxpayers.


Chapter 13, School Education, p. 297-298 - Economics Of The Welfare State (Fourth Edition)

Nicholas Barr Quotes

Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an...

Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an...

Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an...

Education to the extent that it raises an individual's future earnings, increases her future tax payments; in the absence of any subsidy, an...