Introducing Vouchers for Private Higher Education Institutions in Croatia (original) (raw)
– In this paper the concept of utility in social sciences and decision making in education is used in order to propose a model for vouchers for private higher education that would improve education outcomes, on the basis of a comparative study, qualitative and quantitative analysis. It is furthermore argued that in this case standard rational choice decision making and utility models such as expected utility (EU) have important limitations due to uncertanty and imperfect information. Therefore, other models are proposed and analysed, such as subjective expected utility (SEU) and "fuzzy" models with imperfect information. For the analysis, we consider universal vouchers and weighted vouchers that can be used only by disadvantaged students or students in specific areas. This measure is used to promote inclusion and increased competition between private and public schools in order to achieve better education outcomes and allocation of budgetary resources. Our approach is to consider both secondary and higher education, because they present different aspects of the same problem of demand driven state funding of education. The education outcome in secondary education can be objectively measured via PISA tests and success in final state exams (matura), where the academic level may be attained by the majority students, whereas only a certain portion of high schools students is able to attain the required level for enrolment in universities and even smaller number finishes universities and gets employed. There are similarities in relation to influence of socioeconomic inequalities on education. Other countries are used as reference points for determining possible models for Croatia. The impact on budget is also mentioned and policy reccomendations are included at the end.
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