We argue that promoting education may be a means to reduce income equality. When workers of different skill levels are imperfect substitutes in production, an increase in the level of human capital in the economy reduces the return to education and, hence, pre-tax income inequality. The...

According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital mobility in particular induces tax competition, thus putting downward pressure on capital taxes. However, while capital mobility introduces the inefficiency of tax competition, it...

Public-private partnerships (PPPs) have become an essential vehicle for infrastructure development worldwide. Theoretical arguments primarily focus on build-operate-transfer (BOT) agreements as a canonical form of PPP, though they rarely discuss the political underpinnings of governments'...