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Nishiyama, Shinichi; Smetters, Kent – Journal of Political Economy, 2005
Fundamental tax reform is examined in an overlapping-generations model in which heterogeneous agents face idiosyncratic wage shocks and longevity uncertainty. A progressive income tax is replaced with a flat consumption tax. If idiosyncratic wage shocks are insurable (i.e., no risk), this reform improves (interim) efficiency, a result consistent…
Descriptors: Wages, Finance Reform, Taxes, Efficiency
Commonwealth of Learning, 2004
Ideological arguments are made for open learning, economic ones for distance education. If it can produce similar results to those of conventional education at a lower cost, then distance education has a powerful appeal. With increasing demand for access to educational opportunities at all levels, and often decreasing budgets in real terms for…
Descriptors: Open Education, Distance Education, Educational Technology, Electronic Learning