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Valuing Medical Schools in Japan: National versus Private Universities

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Author Info
Mototsugu Fukushige () (Graduate School of Economics, Osaka University)
Hideo Yunoue (Graduate School of Economics, Osaka University)
Abstract

Medical school usually has the highest tuition fees among the university departments. The reason why students pay such expensive fees is that they estimate that their earnings will greatly increase after graduation. We construct a model about student behavior on entering college and estimate the value-added of medical schools using college data from Japan. Our results show that a school with a long tradition of providing high quality education is evaluated as rendering high value-added to students. Those empirical results enable us to simulate the effects of the privatization of a public university. This simulation indicates that there is no difference between public and private schools when the tuition fees of the public university become as high as those of the private university.

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File URL: http://www2.econ.osaka-u.ac.jp/library/global/dp/0602.pdf
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Publisher Info
Paper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 06-02.

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Length: 27 pages
Date of creation: Jan 2006
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Handle: RePEc:osk:wpaper:0602

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Web page: http://www.econ.osaka-u.ac.jp/
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Related research
Keywords: Value-added of University Medical school tuition fee Public and private schools Privatization

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Find related papers by JEL classification:
I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Boundaries of Public and Private Enterprise; Privatization; Contracting Out

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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.:
  1. Spetz, Joanne, 2002. "The value of education in a licensed profession: the choice of associate or baccalaureate degrees in nursing," Economics of Education Review, Elsevier, vol. 21(1), pages 73-85, February. [Downloadable!] (restricted)
  2. John Cawley & James Heckman & Edward Vytlacil, 1999. "On Policies To Reward The Value Added By Educators," The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 720-727, November. [Downloadable!] (restricted)
  3. Epple, Dennis & Figlio, David & Romano, Richard, 2004. "Competition between private and public schools: testing stratification and pricing predictions," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1215-1245, July. [Downloadable!] (restricted)
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  4. Quinn, Robert & Price, Jamie, 1998. "The demand for medical education: an augmented human capital approach," Economics of Education Review, Elsevier, vol. 17(3), pages 337-347, June. [Downloadable!] (restricted)
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This page was last updated on 2008-11-12.

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