Citation

Discussion Paper Details

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Full Details

Title: Risk, Resources and Education

Author(s): Robert K von Weizsäcker and Berthold Wigger

Publication Date: March 1998

Keyword(s): choice under certainty, Public Education and tuitions fees

Programme Area(s): Human Resources

Abstract: The paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. A case is made for tuition fees, which depend on expected return on investments in education. The consideration of uncertainty provides a neglected link between educational choice, resource endowment and productivity growth, that may serve to redefine the public role of education financing.

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Bibliographic Reference

von Weizsäcker, R and Wigger, B. 1998. 'Risk, Resources and Education'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1808