Research Catalog

Title

The economics of higher education : an analysis of taxes versus fees / John Creedy.

Author

Creedy, John, 1949-

Publication

Aldershot, Hants, England ; Brookfield, Vt. : E. Elgar, ©1995.

Items in the Library & Off-site

Details

Description

xiv, 152 pages : illustrations; 25 cm

Summary

"The debate regarding the increased funding of higher education has focused on specific issues - such as whether higher education should be financed through general taxation and the implications of collecting fees later in life through the use of a tax surcharge - while largely ignoring the important economic interdependencies which affect them." "In The Economics of Higher Education, John Creedy explores the economic foundations of the debate and focuses attention on the process of government decision making including the precise way that these decisions are affected by the possible external effects of higher education. This book addresses the key issues in the debate using a fully specified model which allows for dispersion of abilities, the individual's decision to invest in higher education and the government's choice of higher education grant, along with the government's budget constraint. This model is also used to consider the effects of alternative tax and grant systems on the distribution of lifetime income within a cohort of individuals, and is extended to allow for the general equilibrium effects of other social transfers to the low paid, along with means testing of grants." "The non-technical introduction discusses the author's approach, the framework of analysis and the conclusions which he has reached. As a rigorous analytical contribution to a major public policy debate, this book will be welcomed by policy makers and educationalists, as well as by teachers and researchers in the field of public economics."--BOOK JACKET.

Subject

• Education, Higher > Finance
• Education, Higher > Economic aspects
• Bildungsfinanzierung
• Hochschulfinanzierung
• Hochschulökonomie
• Hoger onderwijs
• Financiering
• Enseignement supérieur > Finances
• Enseignement supérieur > Aspect économique

Bibliography (note)

• Includes bibliographical references (p. 146-149) and index.

Contents

• 1. Introduction and outline. 1.1. Subsidies for higher education. 1.2. A simple framework of analysis. 1.3. A majority voting equilibrium. 1.4. Social welfare. 1.5. Outline of the book -- 2. Some previous studies. 2.1. Higher education models. 2.2. External effects. 2.3. Income inequality -- 3. A general framework of analysis. 3.1. A cohort model. 3.2. Majority voting. 3.3. Some comparative statics -- 4. Majority voting with a proportional income tax. 4.1. Educational choice of individuals. 4.2. The government's budget constraint. 4.3. Solving the model. 4.4. Some numerical examples -- 5. Progressive income taxation and social welfare. 5.1. A progressive income tax. 5.2. Majority voting outcomes. 5.3. Trade-off between equity and efficiency. 5.4. Tax preferences -- 6. Majority voting over progressive taxation. 6.1. A fixed pre-tax income distribution. 6.2. Endogenous incomes in a single period. 6.3. A two-period model -- 7. Transfer payments, means-testing and inequality.
• 7.1. The introduction of social transfers. 7.2. Means-testing of the grant. 7.3. Higher education and inequality -- 8. The use of a tax surcharge. 8.1. Modifications to the basic model. 8.2. The distribution of rates of return. 8.3. Comparative static results. 8.4. A tax surcharge and inequality.

ISBN

• 1852789352
• 9781852789350

LCCN

94021288

OCLC

• ocm30544568
• 30544568
• SCSB-8903964

Owning Institutions

Princeton University Library