Higher education funding: The value of information

Limor Hatsor ()

MPRA Paper from University Library of Munich, Germany

Abstract: I study the key role of information in private higher-education funding. Students receive a signal about their individual skills, and then choose a portfolio of loans. I find that information is harmful, whereas noisier (less informative) signals improve the social welfare.

Keywords: Education finance; Higher education; Human capital; Information; Welfare (search for similar items in EconPapers)
JEL-codes: D80 I22 (search for similar items in EconPapers)
Date: 2021-02-01
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Published in Journal of Public Economic Theory, Association for Public Economic Theory April 2021.23(2)(2021): pp. 318-344

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https://mpra.ub.uni-muenchen.de/122617/1/MPRA_paper_122617.pdf original version (application/pdf)

Related works:
Journal Article: Higher education funding: The value of information (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:122617

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