Citation

Discussion Paper Details

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Title: Guide to Reform of Higher Education: A European Perspective

Author(s): Bas Jacobs and Frederick van der Ploeg

Publication Date: October 2005

Keyword(s): central planning, education subsidies, equity, grade inflation, higher education, input funding, monopoly, output funding, peer review, policy reform, selection, student loans, transparency, tuition fees and variety

Programme Area(s): Industrial Organization and Public Economics

Abstract: Although there are exceptions, most European universities and institutions of higher education find it difficult to compete with the best universities in the Anglo-Saxon world. Despite the Bologna agreement and the ambitions of the Lisbon agenda, European universities are in need of fundamental reforms. We look at structural reforms of higher education and propose more effective use of public subsidies, more efficient modes of financing institutions of higher education, more diversity, competition and transparency, and larger private contributions through income-contingent student loans. In the process we discuss the nature of an institution of higher education, grade inflation, fair competition, private and social returns to education, income-contingent loans, student poverty and transparency. We sum up with seven recommendations for reform of higher education.

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Bibliographic Reference

Jacobs, B and van der Ploeg, F. 2005. 'Guide to Reform of Higher Education: A European Perspective'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=5327