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Macro- and microeconomic risks of student loans in an international context

Vona, Máté (2015) Macro- and microeconomic risks of student loans in an international context. Acta Oeconomica, 65 (4). pp. 629-649. ISSN 0001-6373

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Abstract

The risk of individual investment in higher education is not a well-researched topic compared to the rate of return to education. In many countries tuition fees are low, but there is a possibility to borrow for investment in education. This can lead to irresponsible investment behaviour. The paper will show that the student loan market is too small to cause a macroeconomic crisis, but that it is a market with many stakeholders and irresponsible behaviour should not be encouraged. With the examination of a Hungarian sample, it can be concluded that in the context of higher education, signs of rational investment behaviour can be found. The risks of post-secondary studies are not yet fully understood and measured, and for this reason further research is suggested.

Item Type: Article
Subjects: H Social Sciences / társadalomtudományok > H Social Sciences (General) / társadalomtudomány általában
Depositing User: László Sallai-Tóth
Date Deposited: 05 Jul 2016 15:03
Last Modified: 31 Dec 2017 00:15
URI: http://real.mtak.hu/id/eprint/37366

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