Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Policy reforms and the theory of education finance
AU - Johnes, Jill
AU - Johnes, Geraint
PY - 1994
Y1 - 1994
N2 - Discusses the current system of higher education funding in the UK, and proposals for its reform. Possible reforms include methods whereby the direct burden of paying for tuition is shifted from government and towards students, which raises the question of how much of the total burden should be shifted. To examine this issue, constructs a general equilibrium model which seeks to explain the determination of occupation-specific wages and the allocation of work between three occupations: labouring, management and teaching. Derives comparative statics and assesses the impact of alternative finding arrangements for post-compulsory education.
AB - Discusses the current system of higher education funding in the UK, and proposals for its reform. Possible reforms include methods whereby the direct burden of paying for tuition is shifted from government and towards students, which raises the question of how much of the total burden should be shifted. To examine this issue, constructs a general equilibrium model which seeks to explain the determination of occupation-specific wages and the allocation of work between three occupations: labouring, management and teaching. Derives comparative statics and assesses the impact of alternative finding arrangements for post-compulsory education.
KW - Financing
KW - Grants
KW - Higher education
KW - Loans
KW - Students
KW - Subsidies
KW - United Kingdom
KW - Universities
U2 - 10.1108/01443589410057540
DO - 10.1108/01443589410057540
M3 - Journal article
VL - 21
SP - 3
EP - 15
JO - Journal of Economic Studies
JF - Journal of Economic Studies
SN - 0144-3585
IS - 1
ER -