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Market failure and federal aid to college students
Whats Wrong with Our Schools? excerpt from Free to Choose
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adverse selection AFDC air pollution analysis annual assets average behavior benefits billion burden calculations capital gains taxes Congress consumers consumption cost deadweight loss deciles deductions demand distribution dollar drivers earnings economic economists effect efficiency gains elasticity employer estimates example expenditure tax families finance flat rate tax flat tax funds groups households housing incentives income classes income effect income tax increase individuals interest rates investment IRAs issue Journal labor supply legislators less lifetime LIHTC loan loss lottery low-income lower marginal tax rate Medicaid Medicare ment National negative income tax nomic payments percent political poor premium problem produce proposal public choice raise reduced result revenue savings Social Security spending statistical discrimination subsidy tax incidence tax reform tax system Taxation taxpayers tion transfer unisex insurance United vote voters wage welfare