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ERIC Number: EJ870408
Record Type: Journal
Publication Date: 2009-Dec
Pages: 18
Abstractor: As Provided
Reference Count: 25
ISBN: N/A
ISSN: ISSN-0964-5292
Higher Education System, Skill Premium and Welfare
Lorel, Benoit
Education Economics, v17 n4 p505-522 Dec 2009
Our paper contributes to explore differences in high-education systems, and to highlight the role of competition among tertiary education providers and more generally of tertiary education systems viewed from a general equilibrium perspective to explain changes in returns to skill, wage inequalities and output. An objective function is introduced for universities who seek to maximize their reputations and face a trade-off between research and teaching activities. We propose an explanation to the stratification of higher education providers engaged in a competition process, which preserves the positive competitive effect of admission requirement, both on the size of the students' body and on the quality of the research. We show that competition among higher education providers may have strong benefits on economic activities and output in particular. (Contains 2 tables, 3 figures and 18 notes.)
Routledge. Available from: Taylor & Francis, Ltd. 325 Chestnut Street Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940; Web site: http://www.tandf.co.uk/journals
Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Australia; France; Greece; Turkey; United Kingdom