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Direct linkMigali, Giuseppe – Economics of Education Review, 2012
We propose a simple theoretical model which shows how the combined effect of wage uncertainty and risk aversion can modify the individual willingness to pay for a HE system financed by an ICL or a ML. We calibrate our model using real data from the 1970 British Cohort Survey together with the features of the English HE financing system. We allow…
Descriptors: Foreign Countries, Wages, Student Financial Aid, Income Contingent Loans
Peer reviewedArabsheibani, G. Reza; Rees, Hedley – Economics of Education Review, 1998
Reestimates the P-test in the United Kingdom, correcting for the possible endogeneity of employment sector. Results do not support the strong screening hypothesis. After accounting for selectivity bias regarding choice of employment sector, the rate of return for the private sector is still higher than for the public sector. In 1985, an extra year…
Descriptors: Education Work Relationship, Educational Attainment, Elementary Secondary Education, Employment
