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Canada’s federal and provincial governments spend a lot of money subsidizing postsecondary students. Tuition and education/textbook tax credits, in particular, cost the federal government around $1.6 billion in 2012 – a sum much greater than the net cost of the Canada Student Loan Program....
Persistent link: https://www.econbiz.de/10010855073
There is a recent tendency toward encouraging universities to merge. This policy is based on the idea that mergers create synergy gains that enhance universities’ prestige by increasing their international visibility. However, this process may reduce competition for both research funds and...
Persistent link: https://www.econbiz.de/10010860702
This paper analyzes the effectiveness of three different types of education policies: tuition subsidies (broad based, merit based, and flat tuition), grant subsidies (broad based and merit based), and loan limit restrictions. We develop a quantitative theory of college within the context of...
Persistent link: https://www.econbiz.de/10010903259
The number of tertiary students enrolled outside their home country has almost doubled in the last decade. In higher education systems that are partly tax-funded, a country’s labor force might not be willing to subsidize the education of foreign students who can be expected to work abroad...
Persistent link: https://www.econbiz.de/10010948890
This paper explores the impact of university funding reform on teaching quality competition. It shows that a graduate tax with differentiated, but state-regulated fees maximises the higher education surplus, whereas student grants as well as pure and income contingent loans do not. Fee autonomy...
Persistent link: https://www.econbiz.de/10009226163
The transformation of Polish economy toward a free market system and related changes on the Polish labour market released the demand for higher education, held for decades at an artificially low level. The impressive increase in enrolment was possible because the Polish government allowed the...
Persistent link: https://www.econbiz.de/10009323936
We examine ways of funding higher education, comparing upfront tuition fees with graduate taxes. The tax dominates, as volatility in future income is transferred from risk-averse students to the risk-neutral state. However, a double moral hazard problem arises when students’ efforts to raise...
Persistent link: https://www.econbiz.de/10008742958
Persistent link: https://www.econbiz.de/10010834058
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...
Persistent link: https://www.econbiz.de/10010752419
The subject of how to finance Higher Education (HE) has been on the agenda of successive UK governments since the 1960s. The UK has moved from a situation where the taxpayer footed the entire bill for HE, to a system where graduates themselves must contribute part of the cost of their education....
Persistent link: https://www.econbiz.de/10008466002