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Uncertainty in financing higher education

Author

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  • Manolescu, Gheorghe

    () (Universitatea Spiru Haret, Facultatea de Finante si Banci)

Abstract

Communication 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.

Suggested Citation

  • Manolescu, Gheorghe, 2009. "Uncertainty in financing higher education," Papers 2009/3, Osterreichish-Rumanischer Akademischer Verein.
  • Handle: RePEc:ris:sphedp:2009_003
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    More about this item

    Keywords

    human capital; cost in terms of success; certainty equivalent; private financing; public financing; risk education; tax on distributed profits of investment;

    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; Financial Aid

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