Risk-Sharing in Higher Education: A Policy Proposal

Douglas Webber

No 141, IZA Policy Papers from Institute of Labor Economics (IZA)

Abstract: As concerns over growing levels of student loan debt continue to mount for both students and taxpayers, many have called for an improved accountability system in the U.S. higher education system. In this policy brief, I discuss the many flaws in our current system, and outline how a system known as “risk-sharing” could drastically improve incentives and outcomes. I present a framework for how risk-sharing could be structured, and illustrate the distributional impacts (both positive and negative) across the higher education landscape.

Keywords: higher education; accountability; risk sharing (search for similar items in EconPapers)
JEL-codes: I2 I22 I23 I28 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2018-09
New Economics Papers: this item is included in nep-edu
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