Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451858671
Total Pages : 22 pages
Book Rating : 4.4/5 (518 download)
Book Synopsis Risk, Resources, and Education—Public Versus Private Financing of Higher Education by : International Monetary Fund
Download or read book Risk, Resources, and Education—Public Versus Private Financing of Higher Education written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-12-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. In the author’s framework, the social merits of public education schemes are related to the lack of markets in which students can insure against educational risks. A case is made for tuition fees that depend on the expected returns of investments in education. The consideration of uncertainty provides a neglected link between educational choice, resource endowment, and productivity growth, which may serve to redefine the public role of education financing.