Barr, Nicholas 
ORCID: 0000-0002-5325-2055
(2017)
Funding post-compulsory education.
In: Johnes, Geraint, Johnes, Jill, Agasisti, Tommaso and López-Torres, Laura, (eds.)
Handbook on the Economics of Education.
Elgar.
ISBN 9781785369063
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Abstract
This chapter starts from economic theory and works outwards to policy design. It establishes three core objectives: quality (high), access (wide) and size (large enough), and argues that a general strategy for achieving them has three elements: universities financed from a mix of tuition fees and taxpayer support; a well-designed loan system with income-contingent repayments to address credit constraints; and policies earlier in the education system, by addressing prior constraints, as the primary vehicle to widen participation. Section 1 sets out the objectives and section 2 a series of principles. Section 3 outlines some common analytical errors, including mispricing risk and using the wrong policy instrument. Section 4 discusses the implications for policy design, including economic theory and a brief summary of international experience. Section 5 considers future theoretical and policy developments, including loan design that support international mobility.
| Item Type: | Book Section |
|---|---|
| Official URL: | https://www.e-elgar.com/ |
| Additional Information: | © 2017 Edward Elgar |
| Divisions: | Economics European Institute |
| Subjects: | H Social Sciences > HB Economic Theory L Education > L Education (General) |
| Date Deposited: | 16 Mar 2017 11:19 |
| Last Modified: | 10 Apr 2024 00:09 |
| URI: | http://eprints.lse.ac.uk/id/eprint/69841 |
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