The Economics of Screening and Risk Sharing in Higher Education

Human Capital Formation, Income Inequality, and Welfare

Business & Finance, Management & Leadership, Decision Making & Problem Solving
Cover of the book The Economics of Screening and Risk Sharing in Higher Education by Bernhard Eckwert, Itzhak Zilcha, Elsevier Science
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Author: Bernhard Eckwert, Itzhak Zilcha ISBN: 9780128031919
Publisher: Elsevier Science Publication: May 14, 2015
Imprint: Academic Press Language: English
Author: Bernhard Eckwert, Itzhak Zilcha
ISBN: 9780128031919
Publisher: Elsevier Science
Publication: May 14, 2015
Imprint: Academic Press
Language: English

The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about funding structures for investments in higher education, students’ attitudes towards risk, and the availability of arrangements for sharing individual talent risks are important for understanding the theoretical underpinnings of information and uncertainty on human capital formation.

  • Investigates conditions under which better screening leads to desirable outcomes such as higher human capital accumulation, less income inequality, and higher economic well-being.
  • Questions how the role of screening relates to the funding structure for investments in higher education and to the availability of risk sharing arrangements for individual talent risks.
  • Reveals government policies that are suited for controlling or counteracting detrimental side effects along the growth path.
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The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about funding structures for investments in higher education, students’ attitudes towards risk, and the availability of arrangements for sharing individual talent risks are important for understanding the theoretical underpinnings of information and uncertainty on human capital formation.

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