Franklin

Risk, Resources, and Education [electronic resource] : Public Versus Private Financing of Higher Education.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 1999.
Format/Description:
Government document
Book
1 online resource (21 p.)
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 99/174.
IMF Working Papers; Working Paper No. 99/174
Status/Location:
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Local subjects:
Access to higher education. (search)
Cost of education. (search)
Economics of education. (search)
Education financing. (search)
Education program. (search)
Education subsidies. (search)
Education subsidy. (search)
Educational choice. (search)
Educational costs. (search)
Educational financing. (search)
Educational investment. (search)
Educational investments. (search)
Educational policies. (search)
Educational program. (search)
Educational programs. (search)
Educational returns. (search)
Educational subsidies. (search)
Higher education. (search)
Higher education contribution scheme. (search)
Higher education financing. (search)
Private education. (search)
Public education. (search)
Public educational investments. (search)
Returns to education. (search)
Scholar. (search)
Schooling. (search)
Student loans. (search)
University graduates. (search)
University students. (search)
Australia. (search)
Summary:
This paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. In the author’s framework, the social merits of public education schemes are related to the lack of markets in which students can insure against educational risks. A case is made for tuition fees that depend on the expected returns of investments in education. The consideration of uncertainty provides a neglected link between educational choice, resource endowment, and productivity growth, which may serve to redefine the public role of education financing.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451858671:
9781451858679
ISSN:
1018-5941
Publisher Number:
10.5089/9781451858679.001
Access Restriction:
Restricted for use by site license.