The Economics of Higher Education : An Analysis of Taxes vs. Fees

By: John Creedy

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Hardcover | 1 January 1995

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168 Pages

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24.77 x 16.51 x 1.91

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The debate regarding the increased funding of higher education has focused on specific issues - such as whether higher education should be financed through general taxation and the implications of collecting fees later in life through the use of a tax surcharge - while largely ignoring the important economic interdependencies which affect them.
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.
The non-technical introduction discusses the author's approach, the framework of analysis and the conclusions which he has reached. As a rigorous analytical contribution to a major public policy debate, this book will be welcomed by policy makers and educationalists, as well as by teachers and researchers in the field of public economics.

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You Can Find This Book In

Non-Fiction Education Organisation & Management of Education Funding of Education & Student Finance Law Laws of Specific Jurisdictions Taxation & Duties Law Politics & Government Central Government Central Government Policies Accounting & Finance Finance

Public Accounting in Finance Tax & Taxation

List of figures
List of tables
Acknowledgements
Preface
Introduction and outline	p. 1
Subsidies for higher education	p. 2
A simple framework of analysis	p. 12
A majority voting equilibrium	p. 18
Social welfare	p. 27
Outline of the book	p. 29
Some previous studies	p. 32
Higher education models	p. 32
External effects	p. 34
Income inequality	p. 36
A general framework of analysis	p. 43
A cohort model	p. 44
Majority voting	p. 51
Some comparative statics	p. 54
Majority voting with a proportional income tax	p. 58
Educational choice of individuals	p. 59
The government's budget constraint	p. 63
Solving the model	p. 68
Some numerical examples	p. 69
Progressive income taxation and social welfare	p. 81
A progressive income tax	p. 81
Majority voting outcomes	p. 85
Trade-off between equity and efficiency	p. 88
Tax preferences	p. 95
Majority voting over progressive taxation	p. 103
A fixed pre-tax income distribution	p. 104
Endogenous incomes in a single period	p. 107
A two-period model	p. 112
Transfer payments, means-testing and inequality	p. 118
The introduction of social transfers	p. 119
Means-testing of the grant	p. 121
Higher education and inequality	p. 123
The use of a tax surcharge	p. 129
Modifications to the basic model	p. 130
The distribution of rates of return	p. 135
Comparative static results	p. 136
A tax surcharge and inequality	p. 142
References	p. 146
Index	p. 151
Table of Contents provided by Blackwell. All Rights Reserved.

The Economics of Higher Education : An Analysis of Taxes vs. Fees

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Hardcover

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