endogenized. We show that graduate taxes reduce work incentives but provide incentives to improve teaching quality. Yet if tax …We examine ways of funding higher education, comparing upfront tuition fees with graduate taxes. The tax dominates, as … allocated the revenue generated by its own alumni. In addition, we demonstrate how a budget-balancing graduate tax would …

endogenized. We show that graduate taxes reduce work incentives but provide incentives to improve teaching quality. Yet if tax …We examine ways of funding higher education, comparing upfront tuition fees with graduate taxes. The tax dominates, as … allocated the revenue generated by its own alumni. In addition, we demonstrate how a budget-balancing graduate tax would …

endogenized. We show that graduate taxes reduce work incentives but provide incentives to improve teaching quality. Yet if tax …We examine ways of funding higher education, comparing upfront tuition fees with graduate taxes. The tax dominates, as … allocated the revenue generated by its own alumni. In addition, we demonstrate how a budget-balancing graduate tax would …

outcomes in the form of income-contingent repayments, and (iii) providing incentives for student borrowers to honor their loan …

outcomes in the form of income-contingent repayments, and (iii) providing incentives for student borrowers to honor their loan …

One of the standard predictions of the agency theory is that more incentives can be given to agents with lower risk … obtain that lower agent’s risk aversion unambiguously leads to higher incentives when the technology function linking …