Increasing reference in the media and public discussions to high and rising levels of graduate unemployment in the South African labour market has raised concern about the functionality of South Africa’s higher education system and the employability of the graduates that it produces. While...

This paper analyses the choice between risk-sharing and risk-pooling income-contingent loans for higher education of risk-averse individuals who differ in their ability to benefit from education and inherited wealth. The paper identifies the possible outcomes of a majority vote between the two...

This paper studies the role of the expansion of higher education supply in increasing the equality of post-secondary education opportunities. It examines Italy�s experience during the 1990s, when policy changes prompted universities to offer a wider range of degree courses and to open new...

In recent decades the contribution made by higher education institutions to regional development has attracted increasing attention. Considering the university as an economic agent with its own budget and expenditure, then the activities it engages in, as well as those of the groups from which...

We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income. We compare four different systems and analyse voters' choices among them: a traditional subsidy scheme, a pure loan scheme, income contingent loans and graduate taxes. Using...

The global increase in the demand for tertiary education, with higher education systems expanding in many countries from elite systems to universal access, necessitated changes to the nature of higher education financing. Tuition fees, or other charges (where it was previously free) were...

Higher education displays characteristics of both private and public goods and there is a trend worldwide to expect individuals to pay more of the costs of their higher education. In South Africa public funding of higher education decreased from 0.86% of GDP in 1986 to only 0.66% in 2006. Due to...

This paper analyzes peer effects among university scientists. Specifically, it investigates whether the number of peers and their average quality affects the productivity of researchers in physics, chemistry, and mathematics. The usual endogeneity problems related to estimating peer effects are...

The recent industrial action taken by the Association of University Teachers (AUT) has given the issue of academic pay high prominence in the UK press. There appears to be a remarkable consensus that higher education academic salaries are too low, relative to other groups of workers in the UK,...