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Education : Lessons from Economic Theory and Operational Experience

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  • Nicholas Barr

    (London School of Economics and Political Science)

Abstract

This paper talks about how to pay for teaching at universities. It does not talk about financing research, nor about any particular country. Instead, its purpose is to offer a toolkit for policy makers thinking about reform. The paper sets out lessons for policy design from economic theory (section 2) and the experience of developed countries (section 3). Economic theory, however, is not enough. Policy design that outstrips a countrys capacity to implement it effectively is bad policy design. This paper therefore deliberately goes beyond theory to include lessons about implementation (section 4). The paper concludes with discussion of the resulting system.

Suggested Citation

  • Nicholas Barr, 2008. "Education : Lessons from Economic Theory and Operational Experience," EABER Working Papers 21942, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:wpaper:21942
    as

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    File URL: http://www.eaber.org/node/21942
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    References listed on IDEAS

    as
    1. Blaug, Mark, 1976. "The Empirical Status of Human Capital Theory: A Slightly Jaundiced Survey," Journal of Economic Literature, American Economic Association, vol. 14(3), pages 827-855, September.
    2. Barr, Nicholas, 2001. "The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State," OUP Catalogue, Oxford University Press, number 9780199246595, Decembrie.
    3. Blaug, Mark, 1985. "Where are we now in the economics of education?," Economics of Education Review, Elsevier, vol. 4(1), pages 17-28, February.
    4. Barr, Nicholas, 2004. "Economics of the Welfare State," OUP Catalogue, Oxford University Press, edition 4, number 9780199264971, Decembrie.
    5. Mark Blaug, 1987. "The Economics of Education and the Education of an Economist," Books, Edward Elgar Publishing, number 48.
    6. Chapman, Bruce & Ryan, Chris, 2005. "The access implications of income-contingent charges for higher education: lessons from Australia," Economics of Education Review, Elsevier, vol. 24(5), pages 491-512, October.
    7. Leon Feinstein, 2003. "Inequality in the Early Cognitive Development of British Children in the 1970 Cohort," Economica, London School of Economics and Political Science, vol. 70(277), pages 73-97, February.
    8. Barr, Nicholas & Diamond, Peter, 2008. "Reforming Pensions: Principles and Policy Choices," OUP Catalogue, Oxford University Press, number 9780195311303, Decembrie.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    education; Economic Theory; Operational Experience;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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