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ERIC Number: EJ810711
Record Type: Journal
Publication Date: 2008-Sep
Pages: 16
Abstractor: As Provided
Reference Count: 26
ISSN: ISSN-0964-5292
Funding Universities for Efficiency and Equity: Research Findings versus Petty Politics
Psacharopoulos, George
Education Economics, v16 n3 p245-260 Sep 2008
The present paper starts by discussing the principles of public funding of universities. The size of the social returns to investment in education gives an indication regarding the most efficient use of resources, while the difference between the private and the social rates relates to issues of equity. The available evidence is contrasted to higher education funding policies in several countries. It is concluded that there is a divide between the research findings regarding efficient and equitable financing, and the actual public funding of universities. The reasons for this divide are discussed in the context of political economy, rent-seeking by several stakeholders and, above all, vote-seeking by politicians. (Contains 8 tables and 4 figures.)
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A