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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/26440
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| Title: | | Private investment in higher education: comparing alternative funding schemes  |
| Authors: | | Eckwert, Bernhard Zilcha, Itzhak |
| Issue Date: | | 2008 |
| Series/Report no.: | | CESifo working paper 2395 |
| Abstract: | | This paper uses an overlapping generations framework to analyze the implications of different financing regimes in the education sector for human capital formation and economic welfare. Agents privately invest in education after they have received a noisy information signal about their abilities. The incentives of the individuals to invest in education are determined by the financing regime under which the economy operates. The paper analyzes and compares three financing regimes. Under each regime, the payback obligation of an educational loan is contingent, to some extent, on an individual's future income. |
| Subjects: | | Higher education funding regimes human capital welfare |
| JEL: | | D31 D91 H31 I22 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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