Risk, Resources and Education

The paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. A case is made for tuition fees, which depend on expected return on investments in education. The consideration of uncertainty provides a neglected link between educational choice, resource endowment and productivity growth, that may serve to redefine the public role of education financing.

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Year of publication:	1998-03
Authors:	Weizsäcker, Robert K von ; Wigger, Berthold
Institutions:	C.E.P.R. Discussion Papers
Subject:	choice under certainty \| Public Education \| tuitions fees

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Extent:	application/pdf
Series:	CEPR Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1808
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; H52 - Government Expenditures and Education ; I22 - Educational Finance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005661655