instead shifts students across higher education sectors. Finally, we provide suggestive evidence that students induced to …

We assume that students can acquire a wage premium, thanks to studies, and form a rational expectation of their future … earnings, which depends on personal ability. Students receive a private, noisy signal of their ability, and universities can … of test scores. Students optimally self-select as a result of pricing only. If capital markets are perfect but …

have increased. We discuss these trends as well as recent evidence on the extent to which students are able to obtain … student credit arrangements that balance three important objectives: (i) providing credit for students to access college and …

have increased. We discuss these trends as well as recent evidence on the extent to which students are able to obtain … student credit arrangements that balance three important objectives: (i) providing credit for students to access college and …

students who take out a loan do not earn a degree (the dropout rate among college students is between 33 to 50 percent). The … degree by 3.8 percent and welfare by 2.7 percent. These effects are more pronounced for students with low scholastic ability …

marginal fiscal recovery rate, i.e. the ratio of the change in total net fiscal revenues and the change in total subsidy costs … of the net fiscal revenue gain and the subsidy cost of a degree in tertiary education. Second, we use the sufficient … that allows for heterogeneity between students. Reassuringly, this simulation provides a roughly similar result than the …

(which enable students to pay the price of college upon departure from an institution, as opposed to paying upfront tuition …

This paper considers the decentralized funding of public universities in a federation when students and graduates are …-state and out-of-state students. I develop a model of decentralized decision making which allows me to draw conclusions about … how such a price-discrimination affects welfare and the number of students in a federation. It is shown that local …