2020
DOI: 10.1002/nvsm.1700
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Let students pay for their higher education: Debate concerning free and subsidized education based on sunk cost theory

Abstract: Governments across the world are grappling with the question about the funding of subsidized higher education (HE). Critics of free or subsidized HE have argued that higher rate of return of graduates serves as enough extrinsic motivation, adding, to the argument that the free or subsidized HE results in lack of intrinsic motivation. Further, critics support their assertion by citing lagging academic performance in countries where HE is free or heavily subsidized. Proponents of the state funding have cited the… Show more

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Cited by 2 publications
(1 citation statement)
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“…Beyond these, research extends to education, sports, and industry concentration, offering a comprehensive view of sunk costs' effects. Bhayani [13] de-bates the impact of payment methods on higher education, while Farah and Baker [14] analyze its implications in talent development within the NHL draft. Lieberman [15] examines its effects on industry dynamics, and Deslatte and Stokan [16] investigate its role in local government sustainability efforts.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Beyond these, research extends to education, sports, and industry concentration, offering a comprehensive view of sunk costs' effects. Bhayani [13] de-bates the impact of payment methods on higher education, while Farah and Baker [14] analyze its implications in talent development within the NHL draft. Lieberman [15] examines its effects on industry dynamics, and Deslatte and Stokan [16] investigate its role in local government sustainability efforts.…”
Section: Literature Reviewmentioning
confidence: 99%