Children enter school as question marks and leave as periods. From Neil Postman and Charles Weingartner (1969) in Teaching as a Subversive Activity. The aphorism above suggests that students exit secondary school thinking they “know” what needs to be known…period. Higher education may...

A growing literature explores reasons for rising wealth inequality, but disregards the role of pension systems despite their well-understood influence on life-cycle saving. In theory and according to available evidence, both pay-as-you-go (PAYG) and fully-funded (FF) pension schemes crowd out...

It is widely perceived that globalization is a threat to tax financed public sector activities. The argument is that public activities (public consumption and transfers) financed by income taxes may distort labour markets and cause higher wages and thus a loss of competitiveness. If the...