Browsing by Author "Guarda Leighton, Sebastián Geoffrey"

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    Higher education policy, graduate taxes and wealth distribution
    (2017) Guarda Leighton, Sebastián Geoffrey; Mies, Verónica; Fuentes San Martín, Rodrigo; Cerda, Rodrigo; Kohn, David; Pontificia Universidad Católica de Chile. Instituto de Economía
    This thesis intends to shed light on the possible efects of higher education policyreforms on the distribution of wealth, specifically the implementation of free highereducation, replacing tuition fees. A novel alternative for financing the reform is examined: a tax on the labor income of higher education graduates. The analysisis based on a quantitative OLG life cycle model, with heterogeneous agents, intergenerational links, incomplete financial markets, endogenous education decision,and general equilibrium in the determination of wages. The results indicate a slightdecrease in wealth inequality, explained by an increase in enrollment, graduationand a smaller earnings premium for higher education.