Publication:
Options for Financing Lifelong Learning

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dc.contributor.authorPalacios, Miguel
dc.date.accessioned2014-05-14T21:00:02Z
dc.date.available2014-05-14T21:00:02Z
dc.date.issued2003-03
dc.description.abstractHow should lifelong learning be financed? The author attempts to answer the question by creating a framework for analyzing different education financing mechanisms in light of particular characteristics of lifelong learning. The framework compares the different financing alternatives on four dimensions: (1) who ultimately pays for the education, (2) who finances its immediate costs, (3) how payments are made, and (4) who collects the payments. The author uses specific characteristics of lifelong learning to determine which among the financing alternatives are most useful. The characteristics are that the individual should decide what and where to study, carry a significant part of the financial burden, and be encouraged to continue learning through all life stages. The author analyzes the financing alternatives according to who ultimately pays for the education. Hence, the alternatives are classified either as cost-recovery or cost-subsidization alternatives. Cost-recovery alternatives include traditional loans, a graduate tax, human capital contracts, and income-contingent loans. Subsidization alternatives are those in which the state directly subsidizes institutions or in which the state gives vouchers to students. The author concludes that combining income-contingent loans and human capital contracts with vouchers is the most efficient and equitable method for financing lifelong learning. The author discusses the role of governments and multilateral organizations in improving the financing of lifelong learning. He assesses shifting toward cost-recovery alternatives, focusing on collection of payments, and aiming for the involvement of private capital as key issues that should be addressed to ensure that lifelong learning will be available for all equitably and efficiently.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/03/2176367/options-financing-lifelong-learning
dc.identifier.doi10.1596/1813-9450-2994
dc.identifier.urihttps://hdl.handle.net/10986/18324
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 2994
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectADULT LEARNING
dc.subjectAGE GROUPS
dc.subjectBASIC KNOWLEDGE
dc.subjectCALL
dc.subjectCONTINUING EDUCATION
dc.subjectCOSTS OF EDUCATION
dc.subjectDEMOCRATIZATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDISADVANTAGED GROUPS
dc.subjectECONOMIC GROWTH
dc.subjectEDUCATION SERVICES
dc.subjectEDUCATIONAL INSTITUTIONS
dc.subjectEDUCATIONAL OPPORTUNITIES
dc.subjectEQUAL ACCESS
dc.subjectEQUITABLE ACCESS
dc.subjectFIELDS OF STUDY
dc.subjectFORMAL EDUCATION
dc.subjectHUMAN DEVELOPMENT
dc.subjectINITIAL LEARNING
dc.subjectINVESTMENT IN EDUCATION
dc.subjectKNOWLEDGE ECONOMY
dc.subjectLABOR MARKET
dc.subjectLEARNING OPPORTUNITIES
dc.subjectLET
dc.subjectLEVEL OF EDUCATION
dc.subjectLEVELS OF EDUCATION
dc.subjectLIFELONG LEARNING
dc.subjectLITERATURE
dc.subjectLOGIC
dc.subjectPAPERS
dc.subjectPRIVATE EDUCATION
dc.subjectPUBLIC FUNDING
dc.subjectSCHOOLS
dc.subjectSPEAKING
dc.subjectSTUDENT LOANS
dc.subjectUNIVERSAL PARTICIPATION
dc.subjectUNIVERSITIES
dc.subjectVOCATIONAL TRAINING
dc.subjectVOUCHERS EDUCATIONAL FINANCING
dc.subjectLIFELONG LEARNING
dc.subjectFINANCING OPTIONS
dc.subjectCOST OF EDUCATION
dc.subjectPAYMENTS ARRANGEMENTS
dc.subjectCOST-RECOVERY
dc.subjectSUBSIDIZATION
dc.subjectHUMAN CAPITAL INVESTMENTS
dc.subjectINCOME SOURCES
dc.subjectINCOME TAX LAW & LEGISLATION
dc.subjectGRADUATE EDUCATION
dc.subjectCONTINGENT LOAN FACILITY
dc.subjectVOUCHER SYSTEMS
dc.subjectPRIVATE CAPITAL FLOWS
dc.subjectVOUCHERS
dc.subjectEDUCATIONAL FINANCING
dc.titleOptions for Financing Lifelong Learningen
dspace.entity.typePublication
okr.crosscuttingsolutionareaGender
okr.crossref.titleOptions for Financing Lifelong Learning
okr.date.doiregistration2025-04-10T10:50:51.678373Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2003/03/2176367/options-financing-lifelong-learning
okr.globalpracticeEducation
okr.globalpracticeGovernance
okr.guid491671468766490745
okr.identifier.doi10.1596/1813-9450-2994
okr.identifier.externaldocumentum000094946_03032604030253
okr.identifier.internaldocumentum2176367
okr.identifier.reportWPS2994
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/04/05/000094946_03032604030253/Rendered/PDF/multi0page.pdfen
okr.sectorEducation
okr.sectorEducation :: General education sector
okr.topicEducation::Primary Education
okr.topicPublic Sector Development::Decentralization
okr.topicCurriculum and Instruction
okr.topicPayment Systems and Infrastructure
okr.topicGender::Gender and Education
okr.topicGirls Education
okr.topicTeaching and Learning
okr.unitEducation Team, Human Development Network
okr.volume1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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