Risk, Resources and Education

CEPR Discussion Paper Series Number 1808

Posted: 22 Sep 1998

See all articles by Berthold U. Wigger

Berthold U. Wigger

University of Mannheim - Department of Economics; CESifo (Center for Economic Studies and Ifo Institute)

Robert K. von Weizsäcker

Technische Universität München (TUM) - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: March 1998

Abstract

The paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. A case is made for tuition fees, which depend on expected return on investments in education. The consideration of uncertainty provides a neglected link between educational choice, resource endowment and productivity growth, that may serve to redefine the public role of education financing.

JEL Classification: D81, H52, I22

Suggested Citation

Wigger, Berthold U. and von Weizsäcker, Robert K., Risk, Resources and Education (March 1998). CEPR Discussion Paper Series Number 1808, Available at SSRN: https://ssrn.com/abstract=106209

Berthold U. Wigger (Contact Author)

University of Mannheim - Department of Economics ( email )

D-68131 Mannheim
Germany
+49 621 181 1797 (Phone)
+49 621 181 1794 (Fax)

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

HOME PAGE: http://www.CESifo.de

Robert K. Von Weizsäcker

Technische Universität München (TUM) - Department of Economics ( email )

Munich
Germany

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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