Search icone
Search and publish your papers

Effects of new labor’s bill on tuition fee and income inequalities

Or download with : a doc exchange

About the author

research
Level
Advanced
Study
accounting
School/University
westminster

About the document

Published date
Language
documents in English
Format
Word
Type
research papers
Pages
30 pages
Level
Advanced
Accessed
0 times
Validated by
Committee Oboolo.com
0 Comment
Rate this document
  1. Abstract
  2. Introduction
  3. Methodology
  4. Theoretical model
  5. Empirical analysis and tests
  6. Analysis and findings
  7. Conclusions and recommendations
  8. Bibliography
  9. Appendix
  10. List of tables and figures

New Labor's bill on tuition fees will ensure that students will face the prospect of leaving university with a debt of approximately £15000. Universities will be given leave to increase their tuition fees to around £3000 a year. The reforms which have been announced have been met with mixed responses. University graduates will be liable to pay the tuition fees at a rate of approximately 9% once they begin to earn an income of about £14000 a year. It is likely that about 30% of students will meet the requirements for the complete £1000 grant which will available to lesser privileged families.

[...] This project will analyze why the new bill on tuition fees might affect the amount of education an individual may acquire and hence, determine the amount of human capital they invest in. Workers who pay tuition fees for their schooling are willing to give up potential income today for higher earnings in the future. For example, one might earn a relatively low wage while they attend university or participate in a formal apprenticeship program. However, one would also expect to be rewarded by higher earnings later on as they collect the returns to the educational investment[3]. [...]


[...] Figure 4 Figure 5 Figure 6 Figure 7 Conclusions and Recommendations This project has shown that New Labor's introduction of tuition fee will inevitably lead to reductions in university participation and will thus, lead to income inequalities within the UK, these income disparities may not be seen fully in the short-term, but are sure to become wide spread in the longer term. The most common argument against tuition fees is that it will severely limit educational participation from those students from poorer backgrounds who will not be able to afford the fees or the accompanying debt burden the tuition fee bill will create. [...]


[...] Summarily, it can be stated in light of the results obtained from the analysis carried out in this project that; New Labor's bill on tuition fees will in the long-run lead to an increase income in inequalities within the UK economy Further Analysis Figure 4 below shows the Capital Transfers to the private sector which could be attributable to Higher education in the UK. The charts on the left panel show that in the periods of 1995 and 1995, that there was a decline in capital transfer contribution to the private sector from higher education. [...]

Top sold for social sciences

Critically evaluating the ASPIRE model of social work

 Politics & international   |  Social sciences   |  Presentation   |  02/20/2009   |   .doc   |   7 pages

Recent documents in social sciences category

How the French health system was built ? What are the mechanisms?

 Politics & international   |  Social sciences   |  Presentation   |  08/30/2019   |   .doc   |   3 pages

Is immigration a solution to the aging of the French population?

 Politics & international   |  Social sciences   |  School essay   |  08/30/2019   |   .doc   |   2 pages