Applying a financial assets approach, we analyze the returns and earnings risk of investments into different types of human capital. Even though the returns from investing in human capital are extensively studied, little is known about the properties of the returns to different types of human...

To estimate the impact of profit taxation on the financial leverage of corporations, this study uses a pseudopanel constructed from comprehensive corporate tax return microdata for the period 1998–2001, which saw the introduction of major corporate tax reform in Germany. Financial leverage...

This paper studies the implementation of quotas in matching markets. In a controlled laboratory environment, we compare the performance of two university admissions procedures that both initially reserve a significant fraction of seats at each university for a special subgroup of students. The...