TY  - JOUR
A1  - Borck, Rainald
A1  - Übelmesser, Silke
A1  - Wimbersky, Martin
T1  - The Political Economics of Higher-Education Finance for Mobile Individuals
JF  - FinanzArchiv
N2  - We study voting over higher-education finance in an economy with two regions and two separated labor markets. Households differ in their financial endowment and their children's ability. Nonstudents are immobile. Students decide where to study; they return home after graduation with exogenous probability. The voters of the two regions decide on whether to subsidize higher-education costs or to rely on tuition fees only. We find that in equilibrium, in both regions a majority votes for subsidies when the return probability is sufficiently small. When that probability is large, both regions opt for full tuition finance.
KW  - voting
KW  - higher education
KW  - financing scheme
KW  - mobility
Y1  - 2015
U6  - https://doi.org/10.1628/001522115X14206439673215
SN  - 0015-2218
SN  - 1614-0974
VL  - 71
IS  - 1
SP  - 82
EP  - 105
PB  - Mohr Siebeck
CY  - Tübingen
ER  -