TY - JOUR
T1 - STUDY‐GRANT SCHEMES AND EFFORT
T2 - AN ECONOMIC MODEL
AU - Danish‐Lecker, Tikva
AU - Kahana, Nava
PY - 1990/7
Y1 - 1990/7
N2 - This paper extends Becker's basic model on investment in human capital by introducing effort as a decision variable. Based on this extended model we consider the efficiency of two popular study‐grant schemes and propose a third which unequivocally increases the student's effort and may thereby resolve the moral hazard problem created by the student's self‐interested behaviour. In addition, some policy issues concerning conflicts between the students' and the policy‐maker's objectives are discussed.
AB - This paper extends Becker's basic model on investment in human capital by introducing effort as a decision variable. Based on this extended model we consider the efficiency of two popular study‐grant schemes and propose a third which unequivocally increases the student's effort and may thereby resolve the moral hazard problem created by the student's self‐interested behaviour. In addition, some policy issues concerning conflicts between the students' and the policy‐maker's objectives are discussed.
UR - http://www.scopus.com/inward/record.url?scp=84984272537&partnerID=8YFLogxK
U2 - 10.1111/j.1467-8586.1990.tb00672.x
DO - 10.1111/j.1467-8586.1990.tb00672.x
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AN - SCOPUS:84984272537
SN - 0307-3378
VL - 42
SP - 229
EP - 239
JO - Bulletin of Economic Research
JF - Bulletin of Economic Research
IS - 3
ER -