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The Price Elasticity of the Demand for Higher Education: A Meta-Analysis
Kiiashko, Olesia ; Havránek, Tomáš (advisor) ; Korbel, Václav (referee)
The main question of this study is whether the demand for higher education is relatively sensitive to tuition fee changes or is price inelastic. There is no definite answer in the literature. Approximately 52% of the estimates show it to be insignificant, 43% rate it as statistically negative, and approximately 5% are statistically positive. In a quantitative survey of 562 estimates reported in 48 studies, it has been found that large increases in tuition fees have a disproportionately negative impact on enrollment when potential publication bias and method heterogeneity are taken into account. The publication bias tests show that negative results are more preferable among researchers, because it is well supported by theory (when prices increase demand decreases). The results also suggest that four aspects of study design are especially effective in explaining the differences across primary studies: (1) the longer time period negatively associated with the price c of demand for higher education, (2) while the cross sectional estimations have reported more negative results, panel data estimations have reported fewer negative results, (3) controlling for endogeneity is crucial, (4) while controlling for unemployment rate has no clear conclusive impact, controlling for income is not significantly...
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Funding higher education in United Kingdom
Pham, Ha Linh ; Maaytová, Alena (advisor) ; Gajdošová, Eva (referee)
This thesis deals with funding higher education in United Kingdom. The theoretical part focuses on description of higher education institutions in UK. The practical part analyses funding of higher education institutions in 2003-2015. Based on the analysis, recommendations are made for improving funding system of higher education in UK.
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The Price Elasticity of the Demand for Higher Education: A Meta-Analysis
Kiiashko, Olesia ; Havránek, Tomáš (advisor) ; Korbel, Václav (referee)
The main question of this study is whether the demand for higher education is relatively sensitive to tuition fee changes or is price inelastic. There is no definite answer in the literature. Approximately 52% of the estimates show it to be insignificant, 43% rate it as statistically negative, and approximately 5% are statistically positive. In a quantitative survey of 562 estimates reported in 48 studies, it has been found that large increases in tuition fees have a disproportionately negative impact on enrollment when potential publication bias and method heterogeneity are taken into account. The publication bias tests show that negative results are more preferable among researchers, because it is well supported by theory (when prices increase demand decreases). The results also suggest that four aspects of study design are especially effective in explaining the differences across primary studies: (1) the longer time period negatively associated with the price c of demand for higher education, (2) while the cross sectional estimations have reported more negative results, panel data estimations have reported fewer negative results, (3) controlling for endogeneity is crucial, (4) while controlling for unemployment rate has no clear conclusive impact, controlling for income is not significantly...
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Financing higher education in Slovak republic and Australia
Morochovičová, Miriam ; Urbánek, Václav (advisor) ; Kramata, Jakub (referee)
Year by year there is a growing importance of tertiary education, as high quality university system and high percentage of population with tertiary education represent the basic prerequisite for the development of the country. This bachelor thesis compares two completely different systems of financing tertiary education in Australia and Slovak republic. Slovak education system is financed by public sector subsidies in comparison to Australian education system which is based on deferred payment of tuition fees. The special focus is on advantages and disadvantages of successful financing of tertiary education in Australia. The main goal is to provide suitable recommendations for implementation of advantageous features of higher education financing in Australia for Slovak republic. The key advantages are considered to be: reducing the burden on public budgets with higher focus on private sector, better education quality and reducing the deliberate prolongation of study stay. Implementation of some features from Australia in Slovakia could mean high administrative costs and it requires proper understanding of current economic situation in Slovakia. Helping tools for successful university reform consist of optimization of university tuition fees and decreased amount of field of studies, which require paying university tuition fees.
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System of Higher Education Funding in the Czech Republic and in Selected European Union Countries
Tomcová, Lucie ; Krbová, Jana (advisor) ; Nový, Jan (referee)
This thesis deals with the description and analysis of the system of higher education funding in the Czech Republic and in selected EU countries. First, it focuses on the meaning and conception of the education, then the education is analyzed in the view of the public goods theory. The next section of the thesis characterizes the higher education system, analyses its funding and compares these systems within selected countries. The final part focuses on the presentation and evaluation of prepared changes in the higher education law, then applies gained knowledge and suggests possible changes to the funding system in the Czech Republic.
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Spravedlivé školné
Suchánková, Petra ; Mazouch, Petr (advisor) ; Svoboda, Libor (referee)
The thesis is focused on fair tuition fees. It tries to explore more profoundly all the possible factors, which could be considered as important during the measuring benefits of higher education. Among these factors we can find p.e. Labour market success rate, unemployment and income level of graduates in employment. The other main theme of this thesis is the current situation concerning the funding of higher education in the Czech Republic and other EU countries. The issue of tuition fee is currently very actual and it is clear that proper financial cost analysis of studies and the possibilities of measuring return on investment in tertiary education are more than important. Therefore I present existing possibilities to measure return on investment and also to the following possibilities how to include and use the unemployment rate of graduates.
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The Funding of Univesity Education in the Czech Republic
Jelínková, Eva ; Urbánek, Václav (advisor) ; Kubík, Rudolf (referee)
This diploma thesis tries to analyze the system of tertiary education financing in the Czech Republic. First part analyses tertiary education as an economic good. The following part shows the main problems of the current financing system in the Czech Republic and through empirical research and many international comparisons proves the importance of changes. It introduces one way how to solve the current state -- income-contingent repayment schemes -- which can work efficiently in case of properly parameter settings. The last part brings the general principles of the reform of higher education in the Czech Republic.
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