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Financing higher education: lessons from economic theory and reform in England

Barr, Nicholas (2009) Financing higher education: lessons from economic theory and reform in England. Higher Education in Europe, 34 (2). p. 201. ISSN 0379-7724

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The finance of higher education faces a clash between technological advance, driving up the demand for skills, and fiscal constraints, given competing imperatives for public spending. Paying for universities is also immensely politically sensitive. This paper sets out core lessons for financing higher education deriving from economic theory, including the desirability of loans with income-contingent repayments. Subsequent discussion includes a general strategy for OECD countries derived from the theoretical analysis, and reforms in England in 2006 which illustrate the strategy. The paper concludes with discussion of the appropriate role of government in higher education.

Item Type: Article
Official URL:
Additional Information: © 2009 Taylor & Francis
Library of Congress subject classification: H Social Sciences > HJ Public Finance
L Education > LB Theory and practice of education > LB2300 Higher Education
Journal of Economic Literature Classification System: I - Health, Education, and Welfare > I2 - Education > I22 - Educational Finance
Sets: Departments > Economics
Departments > European Institute
Collections > Economists Online
Date Deposited: 16 Dec 2010 14:25

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