“…International empirical evidence supports the observation that decreasing costs of university education increases the attendance and completion of schooling in low socioeconomic groups (see, e.g., Dynarski, 2002;Deming and Dynarski, 2009;Dynarski and Scott-Clayton, 2013). However, recent empirical studies indicate that poor performance in secondary school might explain lower HE participation rates better than barriers at the point of entry (e.g., Chowdry et al, 2013;Denny, 2014). Publicly funded HE might also be considered a potential mechanism to equalise the income distribution, but this could lead to significant inefficiencies (see, e.g., Hanushek, Leung and Yilmaz, 2003).…”