This paper analyses political forces that cause an initial expansion of public spending on higher education and an ensuing decline in subsidies. Growing public expenditures increase the future size of the higher income class and thus boost future demand for education. This demand shift implies...

This paper surveys the theoretical approaches used in the literature to study the phenomenon of delayed graduation and university dropout. The classical human capital model does not contemplate failure, which the amended human capital model does. Delayed graduation and university dropout are two...

With the beginning of the new millennium it has become more and more apparent that education and human capital constitute a key element of modern economies. Despite the important role of human capital in modern societies, there are still many unknowns about the process of educational production...

In a radical school choice reform in 1992, Sweden's education system was opened to private competition from independent for-profit and non-profit schools funded by vouchers. Competition was expected to produce higherquality education at lower cost, in both independent and public schools. This...

The thesis „Everyday Decision Making: A Theoretical and Empirical Study“ analyzes the individuals' decision-making and the role of institutions in creating incentives and influencing individuals' choices. The first part is descriptive and theoretical and deeply rooted in behavioral public...

Student loan servicers play a critical and underappreciated role in federal student oan programs. The federal government contracts out to servicers an array of many of the most critical functions related to student loan repayment, including account management, payment processing, and the...

In 2000, the Lombardy Regional government introduced, for the first time in Italy, a voucher plan to stimulate families to enroll their children to private schools. After this intervention, many other Regions launched similar policies. Despite the high political attention to this theme in Italy,...

In many countries, governments abandoned negotiated methods for allocating public resources among universities, moving towards the adoption of formula-funding models. From a policy perspective, a relevant issue is to correctly design such formulas, to stimulate universities in pursuing better...

In Germany the age of tuition for higher education is about to begin. In this paper, the author gives an overview about existing tuition-models. He explains the one with the highest incentives that also solves for the principal-agent problem in higher education

The widespread discussion about the market for law graduates ignores an essential fact: it's not a single market at all. Employment opportunities vary dramatically across schools, yet tuition prices fail to reflect those differences. As a consequence, many schools with the worst placement rates...