05-037/3 - Capital Market Failure, Adverse Selection and Equity Financing of Higher Education

  • Authors
    Bas Jacobs, European University Institute, and Universiteit van Amsterdam; Sweder J.G. van Wijnbergen, Universiteit van Amsterdam, and CEPR
  • Publication date
    April 6, 2005
  • Keywords
    human capital; capital market imperfections; credit rationing; financing risk investment; optimal education finance; graduate taxes; education subsidies
  • JEL
    H21; H24; H52; H81; I22; I28; J24