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Licensed Unlicensed Requires Authentication Published by De Gruyter April 25, 2006

Öffentliche versus private Finanzierung der Hochschulbildung: Effizienzund Verteilungsaspekte

Frank Kupferschmidt and Berthold U. Wigger

Abstract

The aim of the article is twofold. At first, we consider efficiency oriented aspects of public versus private higher education financing. We briefly summarize the market failure debate. We analyse the interplay between uncertainty of the returns of education, individual educational choice and higher education financing. Subsequently, we discuss higher education financing in the presence of distortive taxation and asymmetric information. Then, we consider equity aspects of higher education financing. We review the vast literature providing empirical evidence on the distributional effects and identify possible caveats when it comes to apply the results to the policy debate. We conclude that neither efficiency nor equity arguments provide a convincing rationale for a comprehensive role of the public in higher education financing. We argue in favour of a success-dependent participation of students in the costs of higher education.

Online erschienen: 2006-04-25
Erschienen im Druck: 2006-05

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