Demand for Education Investment in A Model with Uncertainty

Hiroki Tanaka and Masaya Yasuoka
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Hiroki Tanaka: Faculty of Policy Studies, Doshisha University

No 245, Discussion Paper Series from School of Economics, Kwansei Gakuin University

Abstract: Many reports of the relevant literature describe studies of education investment. As undertaken by Glomm and Ravikumar (1992), we also consider public and private school education in the study described herein. However, different from the related literature, our model setting incorporates private tutoring and uncertainty about the productivity of human capital accumulation. Based on Bearse, Glomm and Patterson (2005), our paper presents consideration of the uncertainty about education results and presents examination of how demand for education investment is determined. Results show that, because of uncertainty about education results, demand for education investment is less than in a case of no uncertainty.

Keywords: education; uncertainty (search for similar items in EconPapers)
JEL-codes: H52 I22 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2023-02
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http://192.218.163.163/RePEc/pdf/kgdp245.pdf First version, 2023 (application/pdf)

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Journal Article: Demand for education investment in a model with uncertainty (2023)
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