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

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

Publication date: December 1999
ISBN 9781451858679
$15.00

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