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Choosing the type of income-contingent loan: risk-sharing versus risk-pooling
Rey, Elena Del; Racionero, María - Institut d'Economia de Barcelona (IEB), Facultat … - 2014
risk-pooling income-contingent loan is preferred. The paper then discusses the implications on participation and voting …
Persistent link: https://www.econbiz.de/10010752419
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Choosing the type of income-contingent loan: risk-sharing versus risk-pooling
Racionero, Maria; Rey, Elena Del - Research School of Economics, College of Business and … - 2012
We study the relative preference for risk-sharing or risk-pooling income-contingent loans for higher education of risk-averse individuals who differ in their ability to benefit from education and inherited wealth. We then analyse the outcome of a majority vote between the two income-contingent...
Persistent link: https://www.econbiz.de/10011079142
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The evolution of public spending on higher education in a democracy
Haupt, Alexander - In: European Journal of Political Economy 28 (2012) 4, pp. 557-573
ensuing decline in subsidies per student: the increase in the number, and thus voting power, of skilled parents. The rise of …
Persistent link: https://www.econbiz.de/10010588382
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The Expansion of Higher Education and Time-Consistent Taxation
Poutvaara, Panu - Institute for the Study of Labor (IZA) - 2007
This paper analyzes educational choices and political support for subsidies to higher education in the presence of a time-consistency problem in income redistribution. There may be political support for so generous subsidization that it motivates the median voter to obtain higher education. As a...
Persistent link: https://www.econbiz.de/10005762314
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What You Don't Know Can't Help You: Lessons of Behavioural Economics for Tax-Based Student Aid
Neill, Christine - In: C.D. Howe Institute Commentary (2013) 393
Canada’s federal and provincial governments spend a lot of money subsidizing postsecondary students. Tuition and …
Persistent link: https://www.econbiz.de/10010855073
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Social Capital, Government Expenditures, and Growth
Ponzetto, Giacomo; Troiano, Ugo - Barcelona Graduate School of Economics (Barcelona GSE) - 2014
We present a tractable stochastic endogenous growth model that explains how social capital influences economic development. In our model, social capital increases citizens' awareness of government activity. Hence, it alleviates the electoral incentives to under- invest in education, whose...
Persistent link: https://www.econbiz.de/10010851377
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Social Capital, Government Expenditures, and Growth
Ponzetto, Giacomo AM; Troiano, Ugo - C.E.P.R. Discussion Papers - 2014
We present a tractable stochastic endogenous growth model that explains how social capital influences economic development. In our model, social capital increases citizens' awareness of government activity. Hence, it alleviates the electoral incentives to under-invest in education, whose returns...
Persistent link: https://www.econbiz.de/10011084642
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The Political Economics of Higher-Education Finance for Mobile Individuals
Borck, Rainald; Uebelmesser, Silke; Wimbersky, Martin - In: FinanzArchiv: Public Finance Analysis 71 (2015) 1, pp. 82-105
We study voting over higher-education finance in an economy with two regions and two separated labor markets … subsidize higher-education costs or to rely on tuition fees only. We find that in equilibrium, in both regions a majority votes … tuition finance. …
Persistent link: https://www.econbiz.de/10011254980
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The Political Economics of Higher Education Finance for Mobile Individuals
Borck, Rainald; Uebelmesser, Silke; Wimbersky, Martin - CESifo - 2012
We study voting over higher education finance in an economy with two regions and two separated labor markets … subsidize higher education costs or whether to rely on tuition fees only. We find that in equilibrium, in both regions a … opt for full tuition finance. Interestingly, the higher the return probability, the smaller are the equilibrium subsidy …
Persistent link: https://www.econbiz.de/10010556460
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Political economics of higher education finance
Jofre-Monseny, Jordi; Wimbersky, Martin - Institut d'Economia de Barcelona (IEB), Facultat … - 2010
We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income …
Persistent link: https://www.econbiz.de/10008516551