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 …

public schooling. We develop a theory which integrates private education and fertility decisions with voting on public … theory are consistent with state-level and micro data from the United States as well as cross-country evidence from the PISA …