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Title: Taxes, Subsidies, and Knowledge: A Reply to Professor Oei

Citation Type: Journal Article

Publication Year: 2016

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Abstract: In The Knowledge Tax, I argued that federal taxes and subsidies in aggregate likely disadvantage investments in higher education relative to other investments.I When it comes to investments in higher education, the tax rates are higher and the tax base is larger.2 The purpose of The Knowledge Tax is not to assert that the only explanation for underinvestment in higher education is differences in tax treatment and subsidies. Rather, The Knowledge Tax highlights that a simple neoclassical model can explain much of the observed data, and that a simple and underexplored explanation is credibly at least one important driver.3 An economic model can remove higher education policy from the realm of anecdotes and narrow interest group politics, and situate higher education in broader conversations about efficiency (relative to alternatives), investment, and economic growth.4 As Professor Shu-Yi Oei's response highlights, even demonstrating that higher education is at a disadvantage relative to other investments would be a substantial contribution to the scholarly literature Demonstrating such a disadvantage would . . .

Url: https://chicagounbound.uchicago.edu/uclrev_online/vol83/iss1/9/

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Authors: Simkovict, Michael

Periodical (Full): University of Chicago Law Review Online

Issue: 1

Volume: 83

Pages: 82-96

Data Collections: IPUMS USA

Topics: Other

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