Financing Lifelong Learning

This paper describes and analyzes different financial schemes to promote lifelong learning. Considered are financial instruments to stimulate successful early learning, financial aid schemes and subsidization mechanisms. Theoretical analyses about...

Full description

Bibliographic Details
Main Authors:	Oosterbeek, Hessel, Patrinos, Harry Anthony
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACADEMIC PROGRESS ACCESS TO HIGHER EDUCATION ACCESS TO TRAINING ACCESSIBILITY ACCURATE INFORMATION ADMINISTRATIVE COSTS ADMINISTRATIVE RECORDS ADULT LEARNING AGE-EARNINGS AGE-EARNINGS PROFILES ALTERNATIVE FUNDING BANKS BEHAVIORAL ECONOMICS BENEFITS OF INVESTMENT BIASES BORROWER CAPITAL ACCUMULATION CAPITAL MARKET CAPITAL MARKETS CAREER CAREER CHOICE CAREERS CASH PAYMENT CASH TRANSFER CASH TRANSFERS CLASSROOM COLLATERAL COLLECTION AGENCY COLLEGE COSTS COLLEGES COMMUNITY ORGANIZATIONS COMPLETION RATES COMPULSORY EDUCATION COMPULSORY SCHOOLING CONSUMERS CONTINUING EDUCATION CONTRIBUTION CONTRIBUTIONS COST OF LABOR COST SHARING COST-SHARING COSTS OF EDUCATION CURRENT EXPENDITURES CURRENT INCOME DEBT BURDEN DEBT LOADS DEFAULTERS DEPOSIT DEVELOPMENT BANK DISADVANTAGED GROUPS EARLY LEARNING EARNINGS ECONOMIC ANALYSIS ECONOMIC GROWTH ECONOMIC POLICY ECONOMICS OF EDUCATION EDUCATION FINANCE EDUCATION INVESTMENTS EDUCATION SYSTEMS EDUCATIONAL ATTAINMENT EDUCATIONAL OUTCOMES EDUCATIONAL SERVICES ELEMENTARY EDUCATION ELITE UNIVERSITIES EMPLOYEE EMPLOYER EMPLOYERS EMPLOYMENT EMPLOYMENT OUTCOMES ENROLLMENT ENROLLMENT RATES ENROLLMENTS ENTREPRENEURS EQUAL ACCESS EQUAL OPPORTUNITIES EQUALITY EXPENDITURES FINANCIAL ARRANGEMENTS FINANCIAL CONSEQUENCES FINANCIAL INCENTIVES FINANCIAL INSTRUMENT FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL REWARDS FIRST HOME FIRST-YEAR UNIVERSITY STUDENTS FORMAL SCHOOLING FURTHER EDUCATION FUTURE EARNINGS FUTURE INCOME GENDER GIRLS GLOBAL KNOWLEDGE GOVERNMENT INTERVENTION GRADUATE TAX GRADUATE TAXES HIGHER EDUCATION HIGHER EDUCATION FUNDING HIGHER EDUCATION STUDENTS HUMAN CAPITAL HUMAN DEVELOPMENT HUMAN RESOURCES INCENTIVE PROGRAM INCOME INCOME CONTINGENT LOANS INCOME TAX INCOMES INDEBTEDNESS INDIVIDUAL RETIREMENT INDIVIDUAL RETIREMENT ACCOUNTS INSTALLMENTS INTEREST RATE INTERNATIONAL BANK INTERVENTIONS INVESTING INVESTMENTS IN EDUCATION JOB TRAINING KNOWLEDGE ECONOMY KNOWLEDGE GAPS LABOR MARKET LABOR MARKETS LENDER LENDERS LEVEL OF EDUCATION LIFELONG LEARNING LIFETIME LITERATURE LOAN LOAN REPAYMENT LOCAL FINANCIAL INSTITUTIONS LOW COST LOW INCOME LOW-INCOME LOW-INCOME FAMILIES MARGINAL TAX RATE MARGINAL TAX RATES MARKET SHARE MORAL HAZARD MORTGAGE MORTGAGE LOANS OLDER WORKERS PAPERS PAYROLL LEVIES POST-SECONDARY EDUCATION POVERTY ALLEVIATION PRIMARY EDUCATION PRIMARY SCHOOL PRIVATE FUNDING PRIVATE TRAINING PROBABILITY PRODUCTIVITY PROSPERITY PROVISION OF INFORMATION PUBLIC EDUCATION PUBLIC GOODS PUBLIC SCHOOLS PUBLIC SUBSIDIES PUBLIC SUBSIDY PUBLIC TRAINING PURCHASING POWER RATE OF RETURN REPAYMENT REPAYMENT PERIOD REPAYMENTS RESEARCH FINDINGS RESEARCHERS RETURNS TO EDUCATION RISK OF DEFAULT SAVINGS SAVINGS ACCOUNT SAVINGS ACCOUNTS SCHOLARSHIP SCHOLARSHIPS SCHOOL ATTENDANCE SCHOOL BUILDING SCHOOL SAVINGS SCHOOLS SCIENTIST SECONDARY EDUCATION SECONDARY SCHOOL SECONDARY SCHOOLS SMALL BUSINESS SMALL ENTERPRISE SMALL ENTERPRISES SOCIAL COHESION SOCIAL DEVELOPMENT SOCIAL SECURITY SOCIAL WELFARE SOURCES OF FINANCE STUDENT ACHIEVEMENT STUDENT AID STUDENT DEBT STUDENT FINANCE STUDENT FINANCIAL AID STUDENT LOANS STUDENT POPULATION SUBSIDIZATION TAKE-UP RATES TAX CODE TAX DEDUCTION TAX DEDUCTIONS TAX RATE TAX REDUCTION TAXABLE INCOME TEACHER TEACHERS TRAINING ACTIVITIES TRAINING COSTS TRAINING COURSES TRAINING PROGRAM TRAINING PROGRAMS TUITION TUITION FEES TUITION POLICIES UNDERGRADUATES UNEMPLOYED UNEMPLOYED PEOPLE UNEMPLOYED PERSONS UNIVERSITY COLLEGE VALUATION VOCATIONAL EDUCATION VOCATIONAL TRAINING VOUCHER VOUCHER PROGRAM VOUCHERS WAGE WAGES WORKERS WORTH YOUNG CHILDREN YOUNGER WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2008/03/9093156/financing-lifelong-learning http://hdl.handle.net/10986/6495

Description
Summary:	This paper describes and analyzes different financial schemes to promote lifelong learning. Considered are financial instruments to stimulate successful early learning, financial aid schemes and subsidization mechanisms. Theoretical analyses about funding of early learning have mainly focused on vouchers. Yet, the available empirical evidence is more ambiguous about the effects of vouchers than about the effects of conditional cash transfers and financial incentives for pupils and teachers. Positive effects of financial incentives to pupils are not restricted to high ability pupils, as low ability students also seem to benefit. The evidence regarding the effects of subsidy forms is limited. The most prominent knowledge gaps regarding the effects of various financing schemes related to lifelong learning are the effects of vouchers in compulsory education; financial aid schemes for students; and entitlements and individual learning accounts.

Financing Lifelong Learning

Similar Items