Uncertainty in policy: implications for practice
نویسندگان
چکیده
منابع مشابه
Education Choice under Uncertainty : Implications for Public Policy ∗
We analyse how progressive taxation and education subsidies affect schooling decisions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic stochastic model. We show that education attainment will be an increasing function of the risk associated with education. Furthermore, this result holds regardless of the degre...
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ژورنال
عنوان ژورنال: Policy Quarterly
سال: 2015
ISSN: 2324-1101,2324-1098
DOI: 10.26686/pq.v11i4.4565