The economics of screening and risk sharing in higher education : human capital formation, income inequality, and welfare / Bernhard Eckwert, Itzhak Zilcha.

Includes bibliographical references (pages 171-175) and index.

Uncertainty and screening: preliminary notions -- Screening information in equilibrium -- Evidence on higher education and economic performance -- Screening and economic growth -- Higher education financing -- The role of the government in financing higher education -- Screening and income inequality.

"The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive mathematical theory in an empirically driven field. Their answers to questions about funding structures for investments in higher education, students' attitudes toward risk, and the availability of arrangements for sharing individual talent risks are important for understanding the theoretical underpinnings of information and uncertainty on human capital formation"--Back cover.