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 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.

Bibliographic Details

Main Authors:	Oosterbeek, Hessel, Patrinos, Harry Anthony
Format:	Policy Research Working Paper biblioteca
Language:	English
Published:	World Bank, Washington, DC 2008-03
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
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