Risk, Resources and Education

Robert K von Weizsäcker and Berthold Wigger ()

No 1808, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: 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.

Keywords: choice under certainty; Public Education; tuitions fees (search for similar items in EconPapers)
JEL-codes: D81 H52 I22 (search for similar items in EconPapers)
Date: 1998-03
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Citations: View citations in EconPapers (21)

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