Discussion paper

DP1808 Risk, Resources and Education

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.


von Weizsäcker, R and B Wigger (1998), ‘DP1808 Risk, Resources and Education‘, CEPR Discussion Paper No. 1808. CEPR Press, Paris & London. https://cepr.org/publications/dp1808