Despite the importance of the Bologna process for the mobility of students, and the further mobility of graduates, as well as for peace, growth and welfare in that area, nothing has been decided so far for the financing of internationally mobile students, so that the burden of that financing, usually public, is supported by the host country. Moreover in- and outflows of students show imbalances and such imbalances are expected to increase with mobility. Therefore, we first suggest and discuss an alternative system transferring the responsibility for financing higher education to the country of origin of the students (except for those from developing countries). Origin country finances students from its territory through a two-part portable voucher: one part is dedicated to the financing of the true cost of studies, the other part intends to support student’s life and might be designed in such a way that some social goals are reached. Those vouchers can be used anywhere in a defined international area provided it is in the designed field of studies and in a school whose quality has been recognized by the issuing country. Some actual systems at work in the world, which prefigure aspects of the proposal, are presented in appendix. Second, we show that, when coupled with a compensation of the origin country in case of international career of the graduate, the system proposed in this paper might be equivalent to a centralized efficient design.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number
CESifo Working Paper No. 2391.
Find related papers by JEL classification: H41 - Public Economics - - Publicly Provided Goods - - - Public Goods H77 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Intergovernmental Relations; Federalism I20 - Health, Education, and Welfare - - Education - - - General
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Carneiro, Pedro & Heckman, James J., 2003.
"Human Capital Policy,"
IZA Discussion Papers
821, Institute for the Study of Labor (IZA).
[Downloadable!]
Other versions:
James Heckman & Pedro Carneiro, 2003.
"Human Capital Policy,"
NBER Working Papers
9495, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)