Do university graduates pay back the public subsidies which they received as students through higher income taxes? Assuming a life cycle version of the ability-to-pay-principle of taxation as the normative foundation, we suggest the "foregone smoothing benefit" concept (FSB) in order to obtain a...

Sexual discrimination may persist in absence of discriminatory preferences if women find it more difficult to signal the quality of their human capital or to write self-enforcing labor market contracts. This argument is presented in the context of a model of allocation of individuals with...