Higher education funding reforms in England: the distributional effects and the shifting balance of costs
AbstractThis paper undertakes a quantitative analysis of substantial reforms to the system of higher education (HE) finance in England, first announced in 2004 and revised in 2007. The reforms introduced deferred fees for HE, payable by graduates through the tax system via income-contingent repayments on loans subsidised by the government. The paper uses lifetime earnings simulated by the authors to consider the likely distributional consequences of the reforms for graduates. It also considers the costs of the reforms for taxpayers, and how the reforms are likely to shift the balance of funding for HE between the public and private sectors.
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Bibliographic InfoPaper provided by Institute for Fiscal Studies in its series IFS Working Papers with number W07/18.
Date of creation: Oct 2007
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Other versions of this item:
- Lorraine Dearden & Emla Fitzsimons & Alissa Goodman & Greg Kaplan, 2008. "Higher Education Funding Reforms in England: The Distributional Effects and the Shifting Balance of Costs," Economic Journal, Royal Economic Society, vol. 118(526), pages F100-F125, 02.
- NEP-ALL-2008-01-19 (All new papers)
- NEP-EDU-2008-01-19 (Education)
- NEP-EEC-2008-01-19 (European Economics)
- NEP-HRM-2008-01-19 (Human Capital & Human Resource Management)
- NEP-SOG-2008-01-19 (Sociology of Economics)
- NEP-URE-2008-01-19 (Urban & Real Estate Economics)
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