Private Investment in Higher Education: Comparing Alternative Funding Schemes

Eckwert B, Zilcha I (2012)
Economica 79(313): 76-96.

Journal Article | Published | English

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This paper uses an overlapping generations framework to analyse the implications of different financing regimes in the education sector for human capital formation and economic welfare. Agents privately invest in education after they have received a noisy information signal about their abilities. The incentives of individuals to invest in education are determined by the financing regime under which the economy operates. We analyse and compare three financing regimes. Under each regime, the payback obligation of an educational loan is contingent, to some extent, on an individual's future income.
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Eckwert B, Zilcha I. Private Investment in Higher Education: Comparing Alternative Funding Schemes. Economica. 2012;79(313):76-96.
Eckwert, B., & Zilcha, I. (2012). Private Investment in Higher Education: Comparing Alternative Funding Schemes. Economica, 79(313), 76-96.
Eckwert, B., and Zilcha, I. (2012). Private Investment in Higher Education: Comparing Alternative Funding Schemes. Economica 79, 76-96.
Eckwert, B., & Zilcha, I., 2012. Private Investment in Higher Education: Comparing Alternative Funding Schemes. Economica, 79(313), p 76-96.
B. Eckwert and I. Zilcha, “Private Investment in Higher Education: Comparing Alternative Funding Schemes”, Economica, vol. 79, 2012, pp. 76-96.
Eckwert, B., Zilcha, I.: Private Investment in Higher Education: Comparing Alternative Funding Schemes. Economica. 79, 76-96 (2012).
Eckwert, Bernhard, and Zilcha, Itzhak. “Private Investment in Higher Education: Comparing Alternative Funding Schemes”. Economica 79.313 (2012): 76-96.
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