Arts vs Engineering: The Choice among Consumption and Investment in Education

Romano, Richard ; Tampieri, Alessandro (2013) Arts vs Engineering: The Choice among Consumption and Investment in Education. Bologna: Dipartimento di Scienze economiche DSE, p. 17. DOI 10.6092/unibo/amsacta/3726. In: Quaderni - Working Paper DSE (892). ISSN 2282-6483.
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Abstract

In this paper we develop a model in which students choose their university courses according to both investment and consumption incentives. We show that in the private problem, the education decisions are inefficient compared to the social optimum. The result is driven by the fact that students do not consider an externality of acquiring education for investment purposes in the working environment. We show that it is possible to design tuition fees in such a way that students acquire the socially optimal level of education.

Abstract
Document type
Monograph (Working Paper)
Creators
CreatorsAffiliationORCID
Romano, Richard
Tampieri, Alessandro
Keywords
education consumption, education investment, tuition fees discrimination
Subjects
ISSN
2282-6483
DOI
Deposit date
08 Jul 2013 15:24
Last modified
21 Feb 2014 11:54
URI

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