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Author: Bernhard Eckwert Publisher: Academic Press ISBN: 0128031913 Category : Business & Economics Languages : en Pages : 190
Book Description
The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about funding structures for investments in higher education, students’ attitudes towards risk, and the availability of arrangements for sharing individual talent risks are important for understanding the theoretical underpinnings of information and uncertainty on human capital formation. Investigates conditions under which better screening leads to desirable outcomes such as higher human capital accumulation, less income inequality, and higher economic well-being. Questions how the role of screening relates to the funding structure for investments in higher education and to the availability of risk sharing arrangements for individual talent risks. Reveals government policies that are suited for controlling or counteracting detrimental side effects along the growth path.
Author: Bernhard Eckwert Publisher: Academic Press ISBN: 0128031913 Category : Business & Economics Languages : en Pages : 190
Book Description
The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about funding structures for investments in higher education, students’ attitudes towards risk, and the availability of arrangements for sharing individual talent risks are important for understanding the theoretical underpinnings of information and uncertainty on human capital formation. Investigates conditions under which better screening leads to desirable outcomes such as higher human capital accumulation, less income inequality, and higher economic well-being. Questions how the role of screening relates to the funding structure for investments in higher education and to the availability of risk sharing arrangements for individual talent risks. Reveals government policies that are suited for controlling or counteracting detrimental side effects along the growth path.
Author: Andrew P. Kelly Publisher: ISBN: Category : Languages : en Pages : 9
Book Description
Andrew Kelly, the director of the Center on Higher Education Reform at the American Enterprise Institute, shares his views on the concept of risk-sharing in higher education. The author presents the question: How would a risk-sharing policy--where colleges bear some financial responsibility for a portion of the federal loans that their students do not repay--better align the incentives of colleges, students, and taxpayers? This paper discusses the following: (1) the problems with the current approach to determining student aid eligibility; (2) the principles of risk-sharing and how it could be an improvement over the status quo; (3) basic policy design principles; and (4) important caveats that must be kept in mind.
Author: Christopher Charles Findlay Publisher: World Scientific ISBN: 9814299030 Category : Business & Economics Languages : en Pages : 321
Book Description
The rapid development and adoption of technology along with open economies has created an integrated global economy. The globalisation process has brought with it significant changes in all areas of life, including tertiary education. This book outlines the features of the new wave of globalisation and draws out specific trends and challenges associated with this new wave for universities and policy makers.
Author: N. A. Barr Publisher: Oxford University Press, USA ISBN: 0199297819 Category : Business & Economics Languages : en Pages : 411
Book Description
The fifth edition of this successful textbook discusses the different parts of the welfare system and, in particular, cash benefits, the health service, and education. The text is organized into four parts: Concepts, Cash benefits, Benefits in kind, and Epilogue.
Author: Pedro N. Teixeira Publisher: Springer Science & Business Media ISBN: 140204660X Category : Education Languages : en Pages : 364
Book Description
The demand and the costs for higher education have risen steeply in recent years. The most common response worldwide has been some form of cost sharing: shifting per-student costs from governments and taxpayers to parents and students. This timely book provides a comprehensive discussion of the concepts and consequences of cost-sharing in higher education. It offers a comparative approach based on several national case-studies, and proposes alternatives to prevalent approaches.
Author: Alex Lord Publisher: Routledge ISBN: 0415599059 Category : Architecture Languages : en Pages : 210
Book Description
The sharing of information and knowledge is essential in the processes and negotiations involved in planning. In this book, Alex Lord sets out a new way of looking at the transfer of information and the cooperation of groups in planning by exploring the strand of economics known as information economics, including game theory. He starts by discussing theories of information economics, then moves into actual accounts of bargaining in planning practice.
Author: Robert Edward Martin Publisher: Edward Elgar Publishing ISBN: 9781781958308 Category : Business & Economics Languages : en Pages : 280
Book Description
This book is much more interesting, and more important, than its technical-sounding title might suggest. It combines rigorous economic analysis with thoughtful conclusions as to the public purposes and organisational priorities of higher education. Paul Temple, Institute of Education, UK The book provides an interesting blend of conceptual, theoretical, methodological and empirical aspects on costs of higher education that are key to understanding how higher education institutions operate. The author examines in detail the complexities involved in the application of principles of firms to academic institutions, such as pricing, cost functions, product functions, quality, product differentiation, subsidies, competition, technology, risk bearing, etc. The examination of how charity market works, the economic forces that explain the demand for and supply of endowment funds is quite insightful. By emphasizing the public good nature of higher education, the social purpose it serves, the principle of equality in higher education, the principle of social contract, erosion of public trust, etc., while addressing a broad set of standard issues in economics of higher education relating to costs and quality of higher education, the book indeed forms a special reading on the subject. Jandhyala B.G. Tilak, Journal of Educational Planning and Administration Quality has never been more important for the future of higher education and the economy than it is today. Unfortunately, the decline in student quality is accompanied by costs that are out of control, a governance system that will not permit any reallocation of resources, and a society that expects higher education to address problems that are well beyond its core competencies. In this timely volume, Robert E. Martin presents a thorough treatment of the social contract between those who fund higher education and those who benefit from it. In-depth discussions include: the institution s role as steward of the higher education social contract the role of transaction costs, risk bearing, production technology, and asset ownership in determining the internal structure of the institution the market for academic charities price, quality, and advertising competition in higher education. Formal models of production and cost, optimal fundraising, the maximization of academic reputation, agency behavior, and the student's enrollment decision are also presented and analyzed. Cost Control, College Access, and Competition in Higher Education will be of great interest to higher education researchers and administrators, economists, and public policymakers.
Author: Joseph E. Stiglitz Publisher: OUP Oxford ISBN: 019155992X Category : Business & Economics Languages : en Pages : 768
Book Description
This is the first volume in a new, definitive, six-volume edition of the works of Joseph Stiglitz, one of today's most distinguished and controversial economists. Stiglitz was awarded the Nobel Prize in Economics in 2001 for his work on asymmetric information and is widely acknowledged as one of the pioneers in the field of modern information economics and more generally for his contributions to microeconomics. Volume I includes a number of classic papers which helped to form the foundations for the field of the economics of information. Stiglitz reflects on his work and the field more generally throughout the volume by including substantial original introductions to the Selected Works, the volume as a whole, and each part within the volume. The volume includes a number of foundational papers, specifically looking at market equilibrium with adverse selection, moral hazard, and screening. This volume sets out the basic concepts underlying the economics of information, while volume II goes a step further by applying and extending these concepts in a number of different settings in labour, capital, and product markets.
Author: Stephen W. Smith Publisher: Routledge ISBN: 1134511256 Category : Business & Economics Languages : en Pages : 461
Book Description
Now in its 2nd edition this comprehensive and accessible text provides a detailed study of labour market issues. This excellent new book is a must-see for all those involved in Labour Economics.
Author: Bernhard Eckwert
Author: Bernhard Eckwert
Author: 
Author: Andrew P. Kelly
Author: Christopher Charles Findlay
Author: N. A. Barr
Author: Pedro N. Teixeira
Author: Alex Lord
Author: Robert Edward Martin
Author: Joseph E. Stiglitz
Author: Stephen W. Smith