Arbeitspapier
Scholarships or Student Loans? Subsidizing Higher Education in the Presence of Moral Hazard
Student loans, even income-contingent ones, are not optimal. Potential university students with the appropriate characteristics should be offered a scholarship, dependent on both need and merit. The award of the scholarship should be conditional on the choice of university degree, but students with a natural aptitude for studies that do not hold the prospect of a well paid job should not be pushed towards potentially more lucrative ones. The scheme should be financed by a graduate tax that re-distributes from the better paid to the academically more successful.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 973
- Klassifikation
-
Wirtschaft
Asymmetric and Private Information; Mechanism Design
Education: Government Policy
- Thema
-
scholarships
student loans
graduate tax
principal-agent
moral hazard
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cigno, Alessandro
Luporini, Annalisa
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2003
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Cigno, Alessandro
- Luporini, Annalisa
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2003
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