Risk, Resources and Education
CEPR Discussion Paper Series Number 1808
Posted: 22 Sep 1998
Date Written: March 1998
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: Suggested Citation