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The Economics Of Higher Education |
John Creedy, The Truby Williams Professor of Economics, University of Melbourne, Australia
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| 1995 |
168 pp |
Hardback |
978 1 85278 935 0 |
£71.00 |
on-line discount
£63.90 |
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‘John Creedy provides a highly rigorous technical analysis. . .’
– Journal of Education, Planning and Administration
‘Creedy presents a succinct analysis of the fundamental economic implications of tax-based versus fee-based support of higher education, including fees collected over a lifetime through tax surcharges. The book appears in the midst of raging national debate on financing higher education. While the book is intended for a professional audience, its analytical rigor sold arm economists to more effectively contribute to the public policy debate on higher education finance. The clarity of presentation is a tribute to the author’s grasp of the subject matter and its underlying principles. A major contribution is the identification of key interdependencies that flow from the theoretical analysis.’
– Brady J. Deaton, American Journal of Agricultural Economics
In The Economics of Higher Education, John Creedy explores the economic foundations of the debate and focuses attention on the process of government decision-making including the precise way that these decisions are affected by the possible external effects of higher education. This book addresses the key issues in the debate using a fully specified model which allows for dispersion of abilities, the individual’s decision to invest in higher education and the government’s choice of higher education grant, along with the government’s budget constraint. This model is also used to consider the effects of alternative tax and grant systems on the distribution of lifetime income within a cohort of individuals, and is extended to allow for the general equilibrium effects of other social transfers to the low paid, along with means testing of grants.
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Contents: 1. Introduction 2. A General Framework of Analysis 3. Extensions to the Model 4. Majority Voting Over Progressive Taxation 5. Higher Education and Progressive Taxation 6. Further Extensions of the Model 7. Higher Education and Inequality 8. The Use of a Tax Surcharge 9. Conclusion References Index
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