Save up to 30% on Elsevier print and eBooks with free shipping. No promo code needed.
Save up to 30% on print and eBooks.
The Economics of Screening and Risk Sharing in Higher Education
Human Capital Formation, Income Inequality, and Welfare
1st Edition - April 21, 2015
Authors: Bernhard Eckwert, Itzhak Zilcha
Language: English
Paperback ISBN:9780128031902
9 7 8 - 0 - 1 2 - 8 0 3 1 9 0 - 2
eBook ISBN:9780128031919
9 7 8 - 0 - 1 2 - 8 0 3 1 9 1 - 9
The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significa…Read more
Purchase options
LIMITED OFFER
Save 50% on book bundles
Immediately download your ebook while waiting for your print delivery. No promo code is needed.
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.
Graduate students and researchers working in human capital, inequality, and economic growth, and more generally in macroeconomics, public economics, and labor economics.
Preface
Chapter 1: Uncertainty and Screening: Preliminary Notions
Abstract
1.1 Information System
1.2 Real State and Signal Spaces
1.3 Informativeness Orderings
Appendix to Chapter1
Chapter 2: Screening Information in Equilibrium
Abstract
2.1 Value of Information in Exchange Economies
2.2 Value of Information in Production Economies
Appendix to Chapter 2
Chapter 3: Evidence on Higher Education and Economic Performance
Abstract
3.1 Higher Education and Economic Development
3.2 Higher Education and Income Inequality
3.3 Income Inequality and Growth
3.4 Credit Constraints in Higher Education
Chapter 4: Screening and Economic Growth
Abstract
4.1 Better Screening in a Dynamic Framework
4.2 Description of the Framework
4.3 Screening in the Absence of Risk Sharing
4.4 Screening in the Presence of Risk Sharing
4.5 Concluding Remarks
Appendix to Chapter 4
Chapter 5: Higher Education Financing
Abstract
5.1 Basic Framework with Multiple Funding Schemes
5.2 Human Capital Accumulation
5.3 Welfare Comparison
5.4 The Effect of Better Screening
Appendix to Chapter 5
Chapter 6: The Role of Government in Financing Higher Education
Abstract
6.1 Subsidizing Tuition Versus Subsidizing Student Loans
6.2 Should Diverse Funding Schemes Coexist in Higher Education?
Appendix to Chapter 6
Chapter 7: Screening and Income Inequality
Abstract
7.1 Inequality of Income Opportunities
7.2 Inequality of Income Distribution
Appendix to Chapter 7
Bibliography
Index
No. of pages: 190
Language: English
Edition: 1
Published: April 21, 2015
Imprint: Academic Press
Paperback ISBN: 9780128031902
eBook ISBN: 9780128031919
BE
Bernhard Eckwert
Prof. Dr. Bernhard Eckwert is chair of the Economics Department at Bielefeld University. He has published on the theory of capital markets, the economics of information, and endogenous growth in journals such as European Economic Review, Economica, and the Journal of Economic Dynamics and Control
Affiliations and expertise
Bielefeld University, Bielefeld, Germany
IZ
Itzhak Zilcha
Itzhak Zilcha works on problems in human capital, growth, and income distribution; the economics of information; and the economics of insurance. He has published his research in the Journal of Economic Dynamics and Control, Economica, and the Journal of Public Economic Theory, among others.
Affiliations and expertise
The Eitan Berglas School of Economics, Tel Aviv University, Israel
Read The Economics of Screening and Risk Sharing in Higher Education on ScienceDirect