01652cas a2200241 a 4500 AALejournalIMF001093 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451858679 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Risk, Resources, and Education-Public Versus Private Financing of Higher Education. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper develops a public education scheme that takes uncertainty aspects of private educational investments explicitly into account. In the author's framework, the social merits of public education schemes are related to the lack of markets in which students can insure against educational risks. A case is made for tuition fees that depend on the expected returns of investments in education. The consideration of uncertainty provides a neglected link between educational choice, resource endowment, and productivity growth, which may serve to redefine the public role of education financing. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1999/174 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/174/001.1999.issue-174-en.xml IMF e-Library