Uncertainty in financing higher education

Gheorghe Manolescu ()
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Gheorghe Manolescu: Universitatea Spiru Haret, Facultatea de Finante si Banci

No 2009/3, Papers from Osterreichish-Rumanischer Akademischer Verein

Abstract: Communication address public education financing, taking into account explicitly the risk aspects of private investment in education. Advantages of public education, financed from public funds, consist of lack of markets lies in that students can protect against risks, an example being the education taxes that depend on expected income from investment in education. Considering the risk, the uncertainty highlights a link hitherto omitted between educational choice, resource endowment and productivity growth, which may serve to redefine the role of public education.

Keywords: human capital; cost in terms of success; certainty equivalent; private financing; public financing; risk education; tax on distributed profits of investment (search for similar items in EconPapers)
JEL-codes: D81 H52 I22 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2009-06-01
New Economics Papers: this item is included in nep-edu and nep-hrm
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2009_003

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