This paper examines how banning affirmative action in university admissions affects both overall academic achievement and the racial gap in academic achievement prior to college entry. Focusing on college-bound high school students, we use a difference-in-difference methodology to analyze the...

This paper considers an optimal income tax cum higher educationpolicy.It shows that in the presence of an optimal income tax systemhigher education should be taxed rather than subsidized.Furthermore, income taxes should become less progressive whenan optimal higher education policy is introduced.