This Paper examines the education literature through the lens of sorting. It argues that how individuals sort across … neighborhoods, schools and households (spouses), can have important consequences for the acquisition of human capital and inequality …. It discusses the implications of different education finance systems for sorting and analyses the efficiency and welfare …

The changes made to Australian higher education financing in the 1996-97 Budget are arguable the most significant since …

it has taken place, attention needs to be given to a whole range of issues. These include : scale of higher education …, funding, university/government relations, research, diversity, quality, higher education and vocational education and training …. The reforms that have occurred in the Astralian higher education sector in recent years, and those that are currently …

The paper studies the optimal education policy of a budget-constrained utilitarian government. Households differ in … information. Households can choose to use private education, but cannot borrow to finance it. The results we obtain are striking …. The optimal education policy is elitist: it increases the spread between the education achievement of the bright and the …

inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth …, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of …

supply responses to tax policy can explain differences in aggregate labour supply and years of education across countries. …

It is well known that higher education financing involves uncertainty and risk with respect to students’ future … education. The historically most common response to this market failure — a government guarantee to repay student loans to banks …

This chapter compares and contrasts international experience with respect to higher education financing. The size and …

The public vocational education and training (VET) system is now one of the few areas in Australia’s tertiary education …-optimal educational outcomes to the extent that prospective students reject a VET education on the basis of short-term financial … financial instrument based on the Higher Education Contribution Scheme (HECS)). It is argued that income contingent loans of …