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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/10419/30670
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| Title: | | Political economics of higher education finance  |
| Authors: | | Borck, Rainald Wimbersky, Martin |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2829 |
| Abstract: | | We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income. We compare four different systems and analyse voters' choices among them: a traditional subsidy scheme, a pure loan scheme, income contingent loans and graduate taxes. Using numerical simulations, we find that majorities for income contingent loans or graduate taxes become more likely as the income distribution gets more equal. We also perform sensitivity analyses with respect to risk aversion and the elasticity of substitution between high skilled and low skilled workers. |
| Subjects: | | voting higher education financing scheme |
| JEL: | | H52 H42 D72 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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