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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
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
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
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
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...
Persistent link: https://www.econbiz.de/10005650418
The continuous transformation the economy faces, requires the existence of an educated population, able to create and disseminate knowledge. Moreover, the governments dealing with a rapidly increasing number of students, in the conditions of limited resou
Persistent link: https://www.econbiz.de/10008511802
Most countries around the world offer financial support for students, in the sphere of higher education. The general goal is to give young people who have the abilities and the willingness to study access to higher education, despite a lack of their own financial means. But ensuring equality of...
Persistent link: https://www.econbiz.de/10008540472
This paper analyses a political force that can cause an initial expansion of public spending on higher education and an ensuing decline in subsidies per student: the increase in the number, and thus voting power, of skilled parents. The rise of the skilled class leads to a majority for an...
Persistent link: https://www.econbiz.de/10010588382