HUMAN CAPITAL INVESTMENT AND GLOBALIZATION IN EXTORTIONARY STATES Abstract

@inproceedings{Konrad2001HUMANCI,
  title={HUMAN CAPITAL INVESTMENT AND GLOBALIZATION IN EXTORTIONARY STATES Abstract},
  author={Fredrik Andersson Kai A. Konrad},
  year={2001}
}
  • Fredrik Andersson Kai A. Konrad
  • Published 2001
This paper considers education investment and public education policy in closed and open economies with an extortionary government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of time-consistent taxation similar to benevolent governments. The two types of government differ in their education policies if highly productive labor is mobile. Extortionary governments‘ incentives for a policy that stimulates higher private… CONTINUE READING
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