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The Welfare State as Piggy Bank - Information, Risk, Uncertainty, and the Role of the State

Опубликовано на портале: 31-12-2003
Oxford: Oxford University Press, 2001, 316 с.
This book is about economics and its application to the welfare state. Its core argument is that the welfare state exists for reasons additional to poverty relief, reasons arising out of pervasive problems of imperfect information, risk, and uncertainty. Barr focuses on the efficiency argument, indicating that the welfare state is here to stay, and discusses the ways in which it can and will adapt to economic and social change.

Part 4. Education

10. Core issues in the Economics of Education

1. Objectives: What do we Mean by a 'Good' Education?
2. Measuring the Benefits of Education
3. What is the Efficient Level of Education Spending?

11. Information Problems
1. Information Problems in the Market for Education
2. Information Problems, Risk and Uncertainty in Capital Markets

12. Designing Student Loans
1. Why Student Loans?
2. Organizing Repayments: Mortgage-Type Schemes
3. Organizing Repayments: Income-Contingent Schemes
4. Other Features of Student Loans

13. Financing Higher Education: The Options
1. Lessons from Economic Theory
2. Lessons from International Experience
3. Conclusions

14. Twenty-First-Century Education Issues
1. Private Funding
2. Student Loans and International Labour Mobility
3. Rationalizing the Funding of Tertiary Education
4. Individual Learning Accounts
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