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Policy reforms and the theory of education finance

Johnes, Jill and Johnes, Geraint (1994) Policy reforms and the theory of education finance. Journal of Economic Studies, 21 (1). pp. 3-15. ISSN 0144-3585

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Abstract

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.

Item Type: Article
Journal or Publication Title: Journal of Economic Studies
Uncontrolled Keywords: Financing ; Grants ; Higher education ; Loans ; Students ; Subsidies ; United Kingdom ; Universities
Subjects:
Departments: Lancaster University Management School > Economics
VC's Office
ID Code: 51093
Deposited By: ep_importer_pure
Deposited On: 16 Nov 2011 14:09
Refereed?: Yes
Published?: Published
Last Modified: 26 Jul 2012 19:46
Identification Number:
URI: http://eprints.lancs.ac.uk/id/eprint/51093

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