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Financing lifelong learning

Author

Listed:
  • Oosterbeek, Hessel
  • Patrinos, Harry Anthony

Abstract

This paper describes and analyzes different financial schemes to promote lifelong learning. Considered are financial instruments to stimulate successful early learning, financial aid schemes and subsidization mechanisms. Theoretical analyses about funding of early learning have mainly focused on vouchers. Yet, the available empirical evidence is more ambiguous about the effects of vouchers than about the effects of conditional cash transfers and financial incentives for pupils and teachers. Positive effects of financial incentives to pupils are not restricted to high ability pupils, as low ability students also seem to benefit. The evidence regarding the effects of subsidy forms is limited. The most prominent knowledge gaps regarding the effects of various financing schemes related to lifelong learning are the effects of vouchers in compulsory education; financial aid schemes for students; and entitlements and individual learning accounts.

Suggested Citation

  • Oosterbeek, Hessel & Patrinos, Harry Anthony, 2008. "Financing lifelong learning," Policy Research Working Paper Series 4569, The World Bank.
  • Handle: RePEc:wbk:wbrwps:4569
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    Cited by:

    1. Peter W Jones, 2005. "Financing For Life Long Education:For Real GDP Growth In Jamaica," Development and Comp Systems 0511022, EconWPA.

    More about this item

    Keywords

    Tertiary Education; Access to Finance; Primary Education; Teaching and Learning; Economics of Education;

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