Risk, Resources, and Education—Public Versus Private Financing of Higher Education

December 1, 1999

Preview Citation

Format: Chicago

Risk, Resources, and Education—Public Versus Private Financing of Higher Education, (USA: International Monetary Fund, 1999) accessed December 22, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Disposable income, Education, Personal income, Private investment, Productivity

Keywords: WP

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1999/174
Stock No:

WPIEA1741999
ISBN:

9781451858679
ISSN:

1018-5941

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