Uncertainty in financing higher education
AbstractCommunication address public education financing, taking into account explicitly the risk aspects of private investment in education. Advantages of public education, financed from public funds, consist of lack of markets lies in that students can protect against risks, an example being the education taxes that depend on expected income from investment in education. Considering the risk, the uncertainty highlights a link hitherto omitted between educational choice, resource endowment and productivity growth, which may serve to redefine the role of public education.
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Bibliographic InfoPaper provided by Osterreichish-Rumanischer Akademischer Verein in its series Papers with number 2009/3.
Length: 9 pages
Date of creation: 01 Jun 2009
Date of revision:
human capital; cost in terms of success; certainty equivalent; private financing; public financing; risk education; tax on distributed profits of investment;
Find related papers by JEL classification:
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-06-17 (All new papers)
- NEP-EDU-2009-06-17 (Education)
- NEP-HRM-2009-06-17 (Human Capital & Human Resource Management)
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