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

Romano, Richard ; Tampieri, Alessandro (2014) Arts vs Engineering: The Choice among Consumption of and Investment in Education. Bologna: Dipartimento di Scienze economiche DSE, p. 23. DOI 10.6092/unibo/amsacta/3957. 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 coursework based on both investment and consumption incentives. We show that these education decisions are socially inefficient. This result is driven by the fact that students do not consider an externality in the working environment of acquiring education for investment purposes. We show when and how 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, externality
Subjects
ISSN
2282-6483
DOI
Deposit date
21 Feb 2014 11:54
Last modified
21 Feb 2014 11:54
URI

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