IDEAS home Printed from https://ideas.repec.org/p/oec/ecoaaa/576-en.html
   My bibliography  Save this paper

The Policy Determinants of Investment in Tertiary Education

Author

Listed:
  • Joaquim Oliveira Martins
  • Romina Boarini
  • Hubert Strauss
  • Christine de la Maisonneuve
  • Clarice Saadi

Abstract

This paper assesses how policies and institutions affect private returns to invest in tertiary human capital, the ability of individuals to finance this investment and the institutional characteristics of tertiary education systems. Focusing on core tertiary education services, the paper presents new measures of private returns to tertiary education, the institutional setting for supplying tertiary education and the availability of individual financing in OECD countries. Using a panel of 19 countries, the number of new tertiary graduates (a proxy for investment in tertiary education) is regressed on these new proposed measures, as well as other standard determinants of investment in tertiary education. The resulting estimates are used to assess empirically the relative importance of several education, taxation and social policies affecting investment in tertiary education. Several avenues for reform and the trade-offs they present for public policy are discussed. L'impact des politiques économiques sur l'investissement en éducation supérieure Cette étude examine comment les politiques économiques et les institutions affectent le rendement privé de l’éducation supérieure, la possibilité pour les individus de financer cet investissement et les caractéristiques institutionnelles de l’offre d’enseignement supérieur. Se concentrant sur les services de l’éducation supérieure proprement dite, l’étude présente des nouvelles mesures des rendements privés de l’éducation supérieure, le contexte institutionnel de l’offre d’enseignement supérieur et la disponibilité de financement individuel pour les pays de l’OCDE. Utilisant un panel sur 19 pays, le nombre harmonisé de nouveaux diplômés (une approximation de l’investissement dans l’enseignement supérieur) est régressé sur ces nouvelles mesures ainsi que sur d’autres déterminants standards de l’investissement en éducation supérieure. Les estimations qui en résultent sont utilisées pour évaluer empiriquement l’importance relative des différentes politiques ayant trait à l’éducation, à la fiscalité ou dans le domaine social et ayant un impact sur l’investissement en enseignement supérieur. Plusieurs options de réforme et les arbitrages qu’elles représentent pour la politique économique sont discutées.

Suggested Citation

  • Joaquim Oliveira Martins & Romina Boarini & Hubert Strauss & Christine de la Maisonneuve & Clarice Saadi, 2007. "The Policy Determinants of Investment in Tertiary Education," OECD Economics Department Working Papers 576, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:576-en
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1787/085530578031
    Download Restriction: no

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Coe, David T. & Helpman, Elhanan & Hoffmaister, Alexander W., 2009. "International R&D spillovers and institutions," European Economic Review, Elsevier, vol. 53(7), pages 723-741, October.
    2. Eckhard Wurzel, 2009. "Finanzpolitik: Stärker auf Ergebnisse hin orientieren," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 62(18), pages 38-42, September.
    3. Lehouelleur, Sophie & Beblavý, Miroslav & Maselli,Ilaria, 2015. "How returns from tertiary education differ by field of study: Implications for policy-makers and students," CEPS Papers 10835, Centre for European Policy Studies.
    4. Sebastian Barnes & Romain Bouis & Philippe Briard & Sean Dougherty & Mehmet Eris, 2013. "The GDP Impact of Reform: A Simple Simulation Framework," OECD Economics Department Working Papers 834, OECD Publishing.
    5. Tatjana Slavova, 2008. "A rank order and efficiency evaluation of the EU regions in a social framework," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 35(4), pages 339-367, September.
    6. Józef Dziechciarz, 2015. "Measurement of Rate of Return in Education. Research Directions," Proceedings of FIKUSZ 2015,in: Jolán Velencei (ed.), Proceedings of FIKUSZ '15, pages 39-56 Óbuda University, Keleti Faculty of Business and Management.
    7. Felicity C Barker & Robert A Buckle & Robert W St Clair, 2008. "Roles of Fiscal Policy in New Zealand," Treasury Working Paper Series 08/02, New Zealand Treasury.

    More about this item

    Keywords

    Financement individuel pour les étudiants et fiscalité; Investissement en éducation supérieure; investment in tertiary education; Offre d’éducation supérieure; Rendements de l’éducation; returns to education; student individual financing systems and taxation; Supply of tertiary education;

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:ecoaaa:576-en. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/edoecfr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.