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- W2615690630 abstract "This article aims to identify the most favourable components of the tax-benefit system for pursuing higher education in an environment with uncertainty on life trajectories and academic success. We use a dynamic microsimulation model of careers to decompose returns to higher education and to define the effect of the tax-benefit system on the risk of low valuation of education. We find that the components most likely to minimise the risk are unemployment insurance, the retirement system and–to a lesser degree– income tax. These components actually increase returns at the bottom of the distribution." @default.
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- W2615690630 date "2017-01-01" @default.
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- W2615690630 title "Breakdown of Private Returns to Higher Education: A Dynamic Microsimulation Analysis of the French Tax-Benefit System" @default.
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