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| economics of higher education: Economics of Higher Education Robert K. Toutkoushian, Michael B. Paulsen, 2016-03-18 This book examines the many ways in which economic concepts, theories and models can be used to examine issues in higher education. The topics explored in the book include how students make college-going decisions, the payoffs to students and society from going to college, markets for higher education services, demand and supply in markets for higher education, why and how state and federal governments intervene in higher education markets, college and university revenues and expenditures, how institutions use net-pricing strategies and non-price product-differentiation strategies to pursue their goals and to compete in higher education markets, as well as issues related to faculty labor markets. The book is written for both economists and non-economists who study higher education issues and provides readers with background information and thorough explanations and illustrations of key economic concepts. In addition to reviewing the contributions economists have made to the study of higher education, it also examines recent research in each of the major topical areas. The book is policy-focused and each chapter analyses how contemporary higher education policies affect the behaviour of students, faculty and/or institutions of higher education. Toutkoushian and Paulsen attempted a daunting task: to write a book on the economics of higher education for non-economists that is also useful to economists. A book that could be used for reference and as a textbook for higher education classes in economics, finance, and policy. They accomplish this tough balancing act with stunning success in a large volume that will serve as the go-to place for anyone interested in the history and current thinking on the economics of higher education.” William E. Becker, Jr., Professor Emeritus of Economics, Indiana University |
| economics of higher education: The Economics of Higher Education C. R. Belfield, Henry M. Levin, 2003 Part 1 Economic benefits of higher education: the economic returns to lifelong learning in OECD countries, Elchanan Cohn and John T. Addison; changes in the rate of return to education in Sweden, Marten O. Palme and Robert E. Wright; the economic returns to college major, quality and performance - a multilevel analysis of recent graduates, Russell W. Rumberger and Scott L. Thomas; does it pay to attend an elite private college? cross-cohort evidence on the effects of college type on earnings, Dominic J. Brewer; the gender earnings gap among college-educated workers, Linda Datcher Loury; higher education as a filter, Kenneth J. Arrow; degrees matter - new evidence on sheepskin effects in the returns to education, David A. Jaeger and Marianne E. Page; health, wealth and happiness - why pursue a higher education?, Joop Hartog and Hessel Oosterbeek; R & D-based models of economic growth, Charles I. Jones; universities as a source of commercial technology - a detailed analysis of university patenting, 1965-1988, Rebecca Henderson, Adam B. Jaffe and Manuel Trajtenberg; public spending on higher education in developing countries - too much or too little?, Nancy Birdsall. Part 2 Student demand and student preferences: student price response in higher education - an update to Leslie and Brinkman, Donald E. Heller; college entry by blacks since 1970 - the role of college costs, family background and the returns to education, Thomas J. Kane. Part 3 Technology and production of higher education: the analytics of the pricing of higher education and other services in which the customers are inputs, Michael Rothschild and Lawrence J. White; evaluating educational inputs in undergraduate education, Robert C. Dolan et al; the determinants of undergraduate grade point average - the relative importance of family background, high school resources and peer group effects, Julian R. Betts and Darlene Morell; determinants of college completion - school quality of stud. |
| economics of higher education: The Economics of Higher Education in the United States Thomas Adam, Ayten Burcu Bayram, 2019-03-27 In The Economics of Higher Education in the United States, editors Thomas Adam and A. Burcu Bayram have assembled five essays, adapted from the fifty-second annual Walter Prescott Webb Memorial Lecture Series, that focus on the increasing cost of college—a topic that causes great anxiety among students, parents, faculty, administrators, legislators, and taxpayers. Essays focus on the funding of colleges, the funding of professional schools, and the provision of scholarships and student loans for undergraduate students to reveal the impact of money on the structure of institutions of higher education and the organization of colleges. The cost of higher education has risen dramatically as both states and the federal government have significantly lowered their contributions to offset that cost. With rising tuition and cost of living—on top of a growing student population—too many graduates find themselves in financial trouble after earning their undergraduate degree. Mounting student debt prevents an increasing number of young professionals from embarking on the very life for which their education was supposed to prepare them. How have we come from a political environment in which higher education was perceived as a public good, normally free to the user, to an environment in which higher education is seen as a privilege subject primarily to market forces? The Economics of Higher Education in the United States offers a desperately needed analysis in an attempt to understand and tackle this looming problem. |
| economics of higher education: Economics Of Higher Education Selma J Mushkin, 2023-07-18 This book delves into the economic factors that affect higher education, including financing, tuition, and student aid. It explores the impact of government policies and private markets on universities and colleges, as well as the labor market for college graduates. Mushkin provides insights into the challenges facing higher education and the potential solutions to these issues. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant. |
| economics of higher education: The Economics of Higher Education Department of the Treasury, 2012 This report discusses the current state of higher education, with a brief high-level overview of the market and a more detailed discussion and analysis of the financial aid system. It also discusses the important changes President Obama has made to make higher education more accessible and affordable. The key findings are: (1) The economic returns to higher education remain high and provide a pathway for individual economic mobility; (2) Public colleges educate the vast majority of the nation's students enrolled in institutions of higher education, but private, for-profit schools are growing the most rapidly; (3) Historically, society provided a significant subsidy to young people through the widespread availability of inexpensive public higher education. However, over the past several decades, there has been a substantial shift in the overall funding of higher education from state assistance, in the forms of grants and subsidies, to increased tuition borne by students; (4) The Obama Administration has offset some of those increased costs with recent increases in educational support through increased Pell grants and the American Opportunity Tax Credit; and (5) The combination of decreased state subsidies for higher education and increased federal spending on financial aid represents a shift in the responsibility for paying for college toward a greater onus on students, families, and the federal government. This report is divided into four sections. The first section provides a broad overview of the basic characteristics of the market for higher education. The report then discusses the impact of higher education on individual earnings and economic mobility. The next section focuses on cost and access to higher education, including the difference between posted and net tuition. The final section considers the financial aid system and other federal policies related to higher education. The following are appended: (1) Expected Family Contributions; and (2) Distribution of Campus-Based Aid to Schools. |
| economics of higher education: The Economics of Higher Education , 1999 |
| economics of higher education: Economics of Education Michael Lovenheim, Sarah E. Turner, 2019-12-18 While there are many great research articles, good books, and provocative policy analyses related to the economics of education, these materials are often written to influence the policy process and not necessarily for students with limited knowledge of the underlying policies and the economic framework. This textbook is intended to serve as a foundation for a broad-based course on the economics of education. Its goal is to provide an overview of economics of education research: to lay out the evidence as clearly as possible, note agreements, disagreements, and unresolved points in literature, and to help students develop the tools necessary to draw their own conclusions. |
| economics of higher education: Higher Education Under Fire Michael Bérubé, Cary Nelson, 1995 First Published in 1995. Routledge is an imprint of Taylor & Francis, an informa company. |
| economics of higher education: The Economic Value of Higher Education Larry L. Leslie, Paul Brinkman, 1988 |
| economics of higher education: The Economics of Higher Education Department of Department of the Treasury, Department of Department of Education, 2015-04-22 Higher education is a critical mechanism for socioeconomic advancement among aspiring individuals and an important driver of economic mobility in our society. Moreover, a well-educated workforce is vital to our nation's future economic growth. American companies and businesses require a highly skilled workforce to meet the demands of today's increasingly competitive global economy. Higher education is provided through a complex public-private market, with many different individuals and institutions participating. While postsecondary education has become increasingly important, there have also been growing concerns about the cost and affordability of higher education. This report discusses the current state of higher education, with a brief high-level overview of the market and a more detailed discussion and analysis of the financial aid system. It also discusses the important changes the President has made to make higher education more accessible and affordable. |
| economics of higher education: Campus Economics Sandy Baum, Michael McPherson, 2023-02-14 An invaluable primer on the role economic reasoning plays in campus debate and decision making Campus Economics provides college and university administrators, trustees, and faculty with an essential understanding of how college finances actually work. Sandy Baum and Michael McPherson explain the concepts needed to analyze the pros, the cons, and the trade-offs of difficult decisions, and offer a common language for discussing the many challenges confronting institutions of higher learning today, from COVID-19 to funding cuts and declining enrollments. Emphasizing the unique characteristics of the academic enterprise and the primacy of the institutional mission, Baum and McPherson use economic concepts such as opportunity cost and decisions at the margin to facilitate conversations about how best to ensure an institution’s ongoing success. The problems facing higher education are more urgent than ever before, but the underlying issues are the same in good times and bad. Baum and McPherson give nontechnical, user-friendly guidance for navigating all kinds of economic conditions and draw on real-world examples of campus issues to illustrate both institutional constraints and untapped opportunities. Campus Economics helps faculty, administrators, trustees, and government policymakers engage in constructive dialogue that can lead to decisions that align finite resources with the pursuit of the institutional mission. |
| economics of higher education: The Economics of American Higher Education William E. Becker Jr., D.R. Lewis, 2012-12-06 Postsecondary educational institutions in the United States are facing increasing financial stress and waning public support. Unless these trends can be changed, higher education can be expected to stagnate. What, if anything, can be done? As a starting point, advocates of higher education need to more fully recognize the issues associated with the economic mission of higher education and how this mission gets translated into individual student gains, regional growth, and social equity. This requires an understanding of the relationship between the outcomes of higher education and measures of economic productivity and well-being. This volume addresses topics related to the role of postsecondary education in microeconomic development within the United States. At tention is given to the importance of colleges and universities 'in the enhancement of individual students and in the advancement of the com munities and states within which they work. Although several of the chapters in this volume are aimed at research/teaching universities, much of what is presented throughout can be generalized to all of postsecondary education. Little attention, however, is given to the role of higher education in the macroeconomic development of the United States; this topic is covered in our related book, American Higher Education and National Growth. |
| economics of higher education: The Knowledge Capital of Nations Eric A. Hanushek, Ludger Woessmann, 2023-08-15 A rigorous, pathbreaking analysis demonstrating that a country's prosperity is directly related in the long run to the skills of its population. In this book Eric Hanushek and Ludger Woessmann make a simple, central claim, developed with rigorous theoretical and empirical support: knowledge is the key to a country's development. Of course, every country acknowledges the importance of developing human capital, but Hanushek and Woessmann argue that message has become distorted, with politicians and researchers concentrating not on valued skills but on proxies for them. The common focus is on school attainment, although time in school provides a very misleading picture of how skills enter into development. Hanushek and Woessmann contend that the cognitive skills of the population—which they term the “knowledge capital” of a nation—are essential to long-run prosperity. Hanushek and Woessmann subject their hypotheses about the relationship between cognitive skills (as consistently measured by international student assessments) and economic growth to a series of tests, including alternate specifications, different subsets of countries, and econometric analysis of causal interpretations. They find that their main results are remarkably robust, and equally applicable to developing and developed countries. They demonstrate, for example, that the “Latin American growth puzzle” and the “East Asian miracle” can be explained by these regions' knowledge capital. Turning to the policy implications of their argument, they call for an education system that develops effective accountability, promotes choice and competition, and provides direct rewards for good performance. |
| economics of higher education: Economic Challenges in Higher Education Charles T. Clotfelter, Ronald G. Ehrenberg, Malcolm Getz, John J. Siegfried, 2008-04-15 The last two decades have been a turbulent period for American higher education, with profound demographic shifts, gyrating salaries, and marked changes in the economy. While enrollments rose about 50% in that period, sharp increases in tuition and fees at colleges and universities provoke accusations of inefficiency, even outright institutional greed and irresponsibility. As the 1990s progress, surpluses in the academic labor supply may give way to shortages in many fields, but will there be enough new Ph.D.'s to go around? Drawing on the authors' experience as economists and educators, this book offers an accessible analysis of three crucial economic issues: the growth and composition of undergraduate enrollments, the supply of faculty in the academic labor market, and the cost of operating colleges and universities. The study provides valuable insights for administrators and scholars of education. |
| economics of higher education: Productivity in Higher Education Caroline M. Hoxby, Kevin Stange, 2019-11-22 How do the benefits of higher education compare with its costs, and how does this comparison vary across individuals and institutions? These questions are fundamental to quantifying the productivity of the education sector. The studies in Productivity in Higher Education use rich and novel administrative data, modern econometric methods, and careful institutional analysis to explore productivity issues. The authors examine the returns to undergraduate education, differences in costs by major, the productivity of for-profit schools, the productivity of various types of faculty and of outcomes, the effects of online education on the higher education market, and the ways in which the productivity of different institutions responds to market forces. The analyses recognize five key challenges to assessing productivity in higher education: the potential for multiple student outcomes in terms of skills, earnings, invention, and employment; the fact that colleges and universities are “multiproduct” firms that conduct varied activities across many domains; the fact that students select which school to attend based in part on their aptitude; the difficulty of attributing outcomes to individual institutions when students attend more than one; and the possibility that some of the benefits of higher education may arise from the system as a whole rather than from a single institution. The findings and the approaches illustrated can facilitate decision-making processes in higher education. |
| economics of higher education: Productivity in Higher Education Caroline M. Hoxby, Kevin Stange, 2020-01-10 How do the benefits of higher education compare with its costs, and how does this comparison vary across individuals and institutions? These questions are fundamental to quantifying the productivity of the education sector. The studies in Productivity in Higher Education use rich and novel administrative data, modern econometric methods, and careful institutional analysis to explore productivity issues. The authors examine the returns to undergraduate education, differences in costs by major, the productivity of for-profit schools, the productivity of various types of faculty and of outcomes, the effects of online education on the higher education market, and the ways in which the productivity of different institutions responds to market forces. The analyses recognize five key challenges to assessing productivity in higher education: the potential for multiple student outcomes in terms of skills, earnings, invention, and employment; the fact that colleges and universities are “multiproduct” firms that conduct varied activities across many domains; the fact that students select which school to attend based in part on their aptitude; the difficulty of attributing outcomes to individual institutions when students attend more than one; and the possibility that some of the benefits of higher education may arise from the system as a whole rather than from a single institution. The findings and the approaches illustrated can facilitate decision-making processes in higher education. |
| economics of higher education: Studies of Supply and Demand in Higher Education Charles T. Clotfelter, Michael Rothschild, 2008-04-15 In the United States today, there are some 3,400 separately governed colleges and universities, amounting to a higher education industry with expenditures that constitute 2.8% of the gross national product. Yet, the economic issues affecting this industry have been paid relatively little attention. In this collection of eight essays, experts in economics and education bring economic analysis to bear on such underexamined topics as the nature of competition in higher education, higher education's use of resources, and who chooses to purchase what kind of education and why. In higher education, supply refers to such issues as government support for public colleges and universities, the means by which graduate programs allocate financial support to students, and the criteria that universities use for investing endowments. Demand pertains to patterns of student enrollment and to the government, business, and individual market for the service and research activities of higher education. Why are tuitions nearly the same among schools despite differences in prestige? How are institutions with small endowments able to compete successfully with institutions that have huge endowments? How are race and ethnicity reflected in enrollment trends? Where do the best students go? What choices among colleges do young people from low-income backgrounds face? This volume addresses these questions and suggests subjects for further study of the economics of higher education. |
| economics of higher education: The Case against Education Bryan Caplan, 2019-08-20 Why we need to stop wasting public funds on education Despite being immensely popular—and immensely lucrative—education is grossly overrated. Now with a new afterword by Bryan Caplan, this explosive book argues that the primary function of education is not to enhance students' skills but to signal the qualities of a good employee. Learn why students hunt for easy As only to forget most of what they learn after the final exam, why decades of growing access to education have not resulted in better jobs for average workers, how employers reward workers for costly schooling they rarely ever use, and why cutting education spending is the best remedy. Romantic notions about education being good for the soul must yield to careful research and common sense—The Case against Education points the way. |
| economics of higher education: The Dialogue between Higher Education Research and Practice Roddy Begg, 2007-11-23 This book addresses the interface between research, policy and practice in the fields of Higher Education Management and Institutional Research. It provides an overview of the current state of research and best managerial practice in the field of HE Management, so vital to the well-being of higher education, and currently at a crucial stage of evolution in so many countries of Europe and the rest of the world. |
| economics of higher education: The Economics of Screening and Risk Sharing in Higher Education Bernhard Eckwert, Itzhak Zilcha, 2015-05-14 The Economics of Screening and Risk Sharing in Higher Education explores advances in information technologies and in statistical and social sciences that have significantly improved the reliability of techniques for screening large populations. These advances are important for higher education worldwide because they affect many of the mechanisms commonly used for rationing the available supply of educational services. Using a single framework to study several independent questions, the authors provide a comprehensive theory in an empirically-driven field. Their answers to questions about funding structures for investments in higher education, students' attitudes towards risk, and the availability of arrangements for sharing individual talent risks are important for understanding the theoretical underpinnings of information and uncertainty on human capital formation. - Investigates conditions under which better screening leads to desirable outcomes such as higher human capital accumulation, less income inequality, and higher economic well-being. - Questions how the role of screening relates to the funding structure for investments in higher education and to the availability of risk sharing arrangements for individual talent risks. - Reveals government policies that are suited for controlling or counteracting detrimental side effects along the growth path. |
| economics of higher education: Dollars, Distance, and Online Education Martin J. Finkelstein, 2000 Systematically analyzes and assesses the costs of information technology for teaching and learning in a series of 14 essays. The essays also explore how the increased use of IT is transforming higher educaiton and how IT can be used in different ways to teach different kinds of problems. |
| economics of higher education: How the Financial Crisis and Great Recession Affected Higher Education Jeffrey R. Brown, Caroline M. Hoxby, 2015-01-08 The recent financial crisis had a profound effect on both public and private universities. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior. |
| economics of higher education: Academic Capitalism Sheila Slaughter, Larry L. Leslie, 1999-11-12 Leslie examine every aspect of academic work unexplored: undergraduate and graduate education, teaching and research, student aid policies, and federal research policies. |
| economics of higher education: Lower Ed Tressie McMillan Cottom, 2017-02-28 More than two million students are enrolled in for-profit colleges, from the small family-run operations to the behemoths brandished on billboards, subway ads, and late-night commercials. These schools have been around just as long as their bucolic not-for-profit counterparts, yet shockingly little is known about why they have expanded so rapidly in recent years—during the so-called Wall Street era of for-profit colleges. In Lower Ed Tressie McMillan Cottom—a bold and rising public scholar, herself once a recruiter at two for-profit colleges—expertly parses the fraught dynamics of this big-money industry to show precisely how it is part and parcel of the growing inequality plaguing the country today. McMillan Cottom discloses the shrewd recruitment and marketing strategies that these schools deploy and explains how, despite the well-documented predatory practices of some and the campus closings of others, ending for-profit colleges won't end the vulnerabilities that made them the fastest growing sector of higher education at the turn of the twenty-first century. And she doesn't stop there. With sharp insight and deliberate acumen, McMillan Cottom delivers a comprehensive view of postsecondary for-profit education by illuminating the experiences of the everyday people behind the shareholder earnings, congressional battles, and student debt disasters. The relatable human stories in Lower Ed—from mothers struggling to pay for beauty school to working class guys seeking good jobs to accomplished professionals pursuing doctoral degrees—illustrate that the growth of for-profit colleges is inextricably linked to larger questions of race, gender, work, and the promise of opportunity in America. Drawing on more than one hundred interviews with students, employees, executives, and activists, Lower Ed tells the story of the benefits, pitfalls, and real costs of a for-profit education. It is a story about broken social contracts; about education transforming from a public interest to a private gain; and about all Americans and the challenges we face in our divided, unequal society. |
| economics of higher education: The Routledge Handbook of the Economics of Education Brian Patrick McCall, 2021-12 The economics of education is a burgeoning area of study, employing increasingly sophisticated analytical tools to answer questions with high societal impact. Thus, the aim of this handbook is to provide readers with an up-to-update overview of the current state of the field of the economics of education and its main areas of research. This comprehensive handbook provides an authoritative overview of key theoretical and policy areas, covering topics like econometric methods for education economics, returns to education, competition in education provision, education and economic growth, and education and inequality. It reviews the current state of research from early childhood through post-graduate education as well as adult education and life-long learning. Offering a truly international perspective, the handbook benefits from a global group of contributors and attention to both developed and developing country contexts. The Routledge Handbook of the Economics of Education will be a valuable resource for advanced students, researchers and policymakers across economics, education, and public policy-- |
| economics of higher education: The Economics of American Universities Stephen A. Hoenack, 1990-01-01 This book discusses the adjustment of universities to the changing financial environment. Its authors analyze the relationship between higher education inputs and outputs, assess the available information about the determinants of university costs, survey the influence of market conditions and pricing strategies on students' demands for attendance at institutions of higher education, summarize research on the objectives for institutions of higher education held by different participants and funders, analyze how universities determine their priorities and relative funding for different activities and disciplines, and explore the economics of universities' research functions. In addition, the book addresses three questions regarding the external fiscal environment facing American universities. What are the recent and emerging changes in the key economic variables affecting these institutions? What mechanisms have universities used in the past to cope with tighter financial constraints? What are the implications for university research activities as these institutions adjust to their fiscal constraints? |
| economics of higher education: Higher Education: Handbook of Theory and Research John C. Smart, 2006-05-11 Published annually since 1985, the Handbook series provides a compendium of thorough and integrative literature reviews on a diverse array of topics of interest to the higher education scholarly and policy communities. Each chapter provides a comprehensive review of research findings on a selected topic, critiques the research literature in terms of its conceptual and methodological rigor, and sets forth an agenda for future research intended to advance knowledge on the chosen topic. The Handbook focuses on twelve general areas that encompass the salient dimensions of scholarly and policy inquiries undertaken in the international higher education community. The series is fortunate to have attracted annual contributions from distinguished scholars throughout the world. |
| economics of higher education: Economics of Higher Education , 1967 |
| economics of higher education: English for Economics in Higher Education Studies Mark Roberts, 2012 English for Economics in Higher Education Studies The Garnet Education English for Specific Academic Purposes series won the Duke of Edinburgh English Speaking Union English Language Book Award in 2009. English for Economics is a skills-based course designed specifically for students of economics who are about to enter English-medium tertiary level studies. It provides carefully graded practice and progressions in the key academic skills that all students need, such as listening to lectures and speaking in seminars. It also equips students with the specialist language they need to participate successfully within a economics department. Extensive listening exercises come from economics lectures, and all reading texts are taken from the same field of study. There is also a focus throughout on the key economics vocabulary that students will need. Listening: how to understand and take effective notes on extended lectures, including how to follow the argument and identify the speaker's point of view. Speaking: how to participate effectively in a variety of realistic situations, from seminars to presentations, including how to develop an argument and use stance markers. Reading: how to understand a wide range of texts, from academic textbooks to Internet articles, including how to analyze complex sentences and identify such things as the writer's stance. Writing: how to produce coherent and well-structured assignments, including such skills as paraphrasing and the use of the appropriate academic phrases. Vocabulary: a wide range of activities to develop students' knowledge and use of key vocabulary, both in the field of economics and of academic study in general. Vocabulary and Skills banks: a reference source to provide students with revision of the key words and phrases and skills presented in each unit. Full transcripts of all listening exercises. The Garnet English for Specific Academic Purposes series covers a range of academic subjects. All titles present the same skills and vocabulary points. Teachers can therefore deal with a range of ESAP courses at the same time, knowing that each subject title will focus on the same key skills and follow the same structure. Key Features Systematic approach to developing academic skills through relevant content. Focus on receptive skills (reading and listening) to activate productive skills (writing and speaking) in subject area. Eight-page units combine language and academic skills teaching. Vocabulary and academic skills bank in each unit for reference and revision. Audio CDs for further self-study or homework. Ideal coursework for EAP teachers. Extra resources at www.garnetesap.com |
| economics of higher education: New Directions in the Economics of Higher Education Ludger Woessmann, Eric Bettinger, 2020 |
| economics of higher education: Higher Education and Economic Growth William E. Becker Jr., D.R. Lewis, 2013-03-09 After decades of effortless growth and prosperity, America's postsecondary institutions of education have come under increasing financial stress and waning public support. In part, this stress reflects a slowdown in the real rate of national economic growth and the loss of federal and state revenues for education generally. It also reflects a trend of state legislatures simply giving higher education an ever lower ranking on the list of funding priorities. Postsecondary educational institutions in the United States will continue to face increasing financial stress and waning public support as critics question the contribution of higher education to economic growth, which historically has been a major rationale for funding. Unless the trends in education financing can be changed, higher edu cation can be expected to stagnate. What, if anything, can be done? As a starting point, advocates of higher education need to more fully recognize the important ways in which higher education influences technological change and also is influenced by that change. As demonstrated by the chapters in this book, higher education is not a neutral or passive player in economic growth. This volume addresses topics related to the role of postsecondary education in national economic development within the United States. |
| economics of higher education: Economics and Finance of Higher Education Linda DeAngelo, Kristin DeLuca, Michael Gunzenhauser, 2014 Since the publication of the 2nd Edition of this Reader in 2001, there has been a large increase in the amount of research and scholarly publication on issues of higher education finance. This is not surprising, given the pattern of decreased public funding and increased student cost over this period. Strategic planning and its relationship to budgeting under growing financial constraints have been of continuing interest among both higher education scholars and practitioners. What has changed, however, is the greater inclusion of explicitly economic perspectives in publications dealing with various aspects of postsecondary education. Because of these changing publication patterns, it was appropriate to add the word Economics to the title of this edition. Inside you'll find a mix of scholarly and practitioner-oriented publications, as well as thoughtful scholar-written section introductions that bring the reader up to date on the current issues. |
| economics of higher education: Encyclopedia of Education Economics and Finance Dominic J. Brewer, Lawrence O. Picus, 2014-08-25 Economics can be a lens for understanding the behavior of schools, districts, states, and nations in meeting education needs of their populaces, as well as for understanding the individual decisions made by administrators, teachers, and students. Insights from economics help decision makers at the state level understand how to raise and distribute funds for public schools in an equitable manner for both schools and taxpayers. Economics also can assist researchers in analyzing effects of school spending and teacher compensation on student outcomes. And economics can provide important insights into public debates on issues such as whether to offer vouchers for subsidizing student attendance at private schools. This two-volume encyclopedia contains over 300 entries by experts in the field that cover these issues and more. Features: This work of 2 volumes (in both print and electronic formats) contains 300-350 signed entries by significant figures in the field. Entries conclude with cross-references and suggestions for further readings to guide students to in-depth resources. Although organized in A-to-Z fashion, a thematic “Reader’s Guide” in the front matter groups related entries by topic. Also in the front matter, a chronology provides students with historical perspective on the development of education economics and finance as a field of study The entire work concludes with a Resources appendix and a comprehensive Index. In the electronic version, the index, Reader's Guide, and cross references combine to provide effective search-and-browse capabilities. |
| economics of higher education: The Political Economy of Education Mark Gradstein, Moshe Justman, Volker Meier, 2004-10-22 A theoretical framework for analyzing the complex relationship of education, growth, and income distribution. The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market mechanisms to resolve issues that arise because of contrasting views on such matters as income inequality, social mobility, and diversity. This book provides the theoretical framework necessary for understanding the political economy of education—the complex relationship of education, economic growth, and income distribution—and for formulating effective policies to improve the financing and provision of education. The relatively simple models developed illustrate the use of analytical tools for understanding central policy issues. After offering a historical overview of the development of public education and a review of current econometric evidence on education, growth, and income distribution, the authors lay the theoretical groundwork for the main body of analysis. First they develop a basic static model of how political decisions determine education spending; then they extend this model dynamically. Applying this framework to a comparison of education financing under different regimes, the authors explore fiscal decentralization; individual choice between public and private schooling, including the use of education vouchers to combine public financing of education with private provision; and the social dimension of education—its role in state-building, the traditional melting pot that promotes cohesion in a culturally diverse society. |
| economics of higher education: American Higher Education Since World War II Roger L. Geiger, 2021-05-25 A masterful history of the postwar transformation of American higher education In the decades after World War II, as government and social support surged and enrollments exploded, the role of colleges and universities in American society changed dramatically. Roger Geiger provides an in-depth history of this remarkable transformation, taking readers from the GI Bill and the postwar expansion of higher education to the social upheaval of the 1960s and 1970s, desegregation and coeducation, and the ascendancy of the modern research university. He demonstrates how growth has been the defining feature of modern higher education, but how each generation since the war has pursued it for different reasons. Sweeping in scope and richly insightful, this groundbreaking book provides the context we need to understand the complex issues facing our colleges and universities today, from rising inequality and skyrocketing costs to deficiencies in student preparedness and lax educational standards. |
| economics of higher education: American Higher Education in the Twenty-First Century Philip G. Altbach, Robert Oliver Berdahl, Robert O. Berdahl, Patricia J. Gumport, 2005-02-25 This new edition explores current issues of central importance to the academy: leadership, accountability, access, finance, technology, academic freedom, the canon, governance, and race. Chapters also deal with key constituencies -- students and faculty -- in the context of a changing academic environment. |
| economics of higher education: Economics of Higher Education Gill Wyness, 2019 The intersection of economics and higher education has never been more apparent. Increasingly, economic principles are applied to analyses of education and education policy. Edited by a leading scholar, The Economics of Higher Education meets the need for an authoritative reference work to codify and make sense of the field's burgeoning literature. The editor has drawn on the most important and influential research from a broad range of countries and perspectives to create a one-stop 'mini library'-- |
| economics of higher education: The Political Economy of Higher Education Finance Julian L. Garritzmann, 2018-06-09 This book analyzes the political economy of higher education finance across a range of OECD countries, exploring why some students pay extortionate tuition fees whilst for others their education is free. What are the redistributional consequences of these different tuition-subsidy systems? Analysing the variety of existing systems, Garritzmann shows that across the advanced democracies “Four Worlds of Student Finance” exist. Historically, however, all countries’ higher education systems looked very much alike in the 1940s. The book develops a theoretical model, the Time-Sensitive Partisan Theory, to explain why countries have evolved from a similar historical starting point to today’s very distinct Four Worlds. The empirical analyses combine a wide variety of qualitative and quantitative evidence, studying higher education policies in all advanced democracies from 1945-2015. |
| economics of higher education: The Economics of Education Daniele Checchi, 2006-03-23 In an important contribution to educational policy, Daniele Checchi offers an economic perspective on the demand and supply of education. He explores the reasons why, beyond a certain point, investment in education has not resulted in reductions in social inequalities. Starting with the seminal work of Gary Becker, Checchi provides an extensive survey of the literature on human capital and social capital formation. He draws on individual data on intergenerational transmission of income and education for the USA, Germany and Italy, as well as aggregate data on income and educational inequality for a much wider range of countries. Checchi explores whether resources spent in education are effective in raising students' achievement, as well as analysing alternative ways of financing education. The Economics of Education thus provides the analytical tools necessary to understand the complex relationships between current income inequality, access to education and future inequality. |
| economics of higher education: Demographics and the Demand for Higher Education Nathan D. Grawe, 2018 The economics of American higher education are driven by one key factor--the availability of students willing to pay tuition--and many related factors that determine what schools they attend. By digging into the data, economist Nathan Grawe has created probability models for predicting college attendance. What he sees are alarming events on the horizon that every college and university needs to understand. Overall, he spots demographic patterns that are tilting the US population toward the Hispanic southwest. Moreover, since 2007, fertility rates have fallen by 12 percent. Higher education analysts recognize the destabilizing potential of these trends. However, existing work fails to adjust headcounts for college attendance probabilities and makes no systematic attempt to distinguish demand by institution type. This book analyzes demand forecasts by institution type and rank, disaggregating by demographic groups. Its findings often contradict the dominant narrative: while many schools face painful contractions, demand for elite schools is expected to grow by 15+ percent. Geographic and racial profiles will shift only slightly--and attendance by Asians, not Hispanics, will grow most. Grawe also use the model to consider possible changes in institutional recruitment strategies and government policies. These what if analyses show that even aggressive innovation is unlikely to overcome trends toward larger gaps across racial, family income, and parent education groups. Aimed at administrators and trustees with responsibility for decisions ranging from admissions to student support to tenure practices to facilities construction, this book offers data to inform decision-making--decisions that will determine institutional success in meeting demographic challenges-- |
The Economics of Higher Education - JSTOR
The Economics of Higher Education By ANDRE DANIERE * ABSTRACT: Over the last ten years, economists dealing with higher education have shifted their emphasis from the study of "rates …
THE ECONOMICS OF HIGHER EDUCATION
• The economic returns to higher education remain high and provide a pathway for individual economic mobility; • Public colleges educate the vast majority of the nation’s students enrolled …
Economics of Higher Education - Springer
economics of higher education, including faculty compensation, higher education costs, student demand for higher education, performance indicators, decentralized budgeting, institutional …
NEW REPORT FROM TREASURY, EDUCATION DEPARTMENTS: …
This analysis, prepared by the Department of the Treasury, with the Department of Education, examines the economic case for higher education. The data and analysis confirm that higher …
The Economics of Higher Education - Institute for Fiscal Studies
Why does government regulate and subsidise higher education? Why not rely on market forces? Imagine a world where there was a completely private market in higher education. • …
The Economics of Higher Education - irp.cornell.edu
This article will explore the economics of higher education in the United States (and at Cornell University in par-ticular), focusing primarily on undergraduate educa-tion and touching on …
The Economics of Education: A Comprehensive Overview
Much of the analysis in the economics of edu-cation flows from a simple model of production. The common inputs are things like school re-sources, teacher quality, and family attributes; and the …
Economics of Higher Education - egwestcentre.wordpress.com
This branch of economics, as applied to higher education, contains both normative analysis of the relationship between higher education and ʺequality opportunityʺ or ʺequityʺ and a separate …
Economics of Higher Education - content.e-bookshelf.de
economics of higher education, including faculty compensation, higher education costs, student demand for higher education, performance indicators, decentralized budgeting, institutional …
Introduction to "Economic Challenges in Higher Education"
Higher education is seen as vital to the country’s continued growth and ability to compete in an increas- ingly international market. The technological gap between the United States and other …
The Economics of Higher Education - Southern Oregon …
the new economics of higher education “have either found a strong niche or they operate at a large scale”. The niche approach seems a closer reach for SOU but requires sharply defined …
Subsidies, Hierarchy and Peers: The Awkward Economics of …
higher education is, in important ways, simply different from a business. This paper asks how well our extensive experience with commercial busi-nesses—and the microeconomic theory of …
Economics of Higher Education (Econ7470/ILR7470) Spring …
This course surveys the empirical literature on the economics of higher education. Students are assumed to have backgrounds in graduate microeconomic theory and econometrics.
Education and Economic Growth - Stanford University
Education can be accumulated, increasing the human capital of the labor force and thus the steady-state level of aggregate income. The human capital component of growth comes …
Economics of Education: Critical Perspectives from India and ...
In this Working Paper, we would like to examine the applicability of Mainstream Neoclassical Economics to study and analyse the various aspects of the higher education sector from a …
THE ECONOMICS OF HIGHER EDUCATION - Springer
THE ECONOMICS OF HIGHER EDUCATION Abstract. This chapter synthesises what economists have learned about a number of key topics related to the provision of higher …
The Economics of Higher Education - University College London
The Economics of Higher Education Why are economists interested in higher education? As far back as Adam Smith’s day in the 18th century, economists acknowledged that productivity and …
The Economics of Free College - Economics for Inclusive …
American higher education is facing a crisis of public legitimacy, and rising college costs are a key reason. The price of a four-year college education has risen faster than inflation for thirty …
Education, Economics of - Stanford University
The explosion of research work on the economics of education has covered a wide range of issues. A key element of modern analyses is a focus on the outcomes of schooling and how …
The Economics of Higher Education
In this article, I address one particular complex of issues being considered by Congress as part of the HEA reauthorization process. These issues have to do with the rising costs of college …
Economics of Higher Education - egwestcentre.wordpress.com
This branch of economics, as applied to higher education, contains both normative analysis of the relationship between higher education and ʺequality opportunityʺ or ʺequityʺ and a separate …
THE ROLE OF EDUCATION IN ECONOMIC DEVELOPMENT
1 Çağ University, Faculty of Economics and Administrative Sciences, Department of Economics, Mersin, Turkey. Email: ilhanozturk@cag.edu.tr ... education, their demand for education at …
Education Production Functions - Stanford University
A simple production model lies behind much of the analysis in the economics of education. The common inputs are things like school resources, teacher quality, and family ... very weak …
Political economics of higher education finance - JSTOR
116 POLITICAL ECONOMICS OF HIGHER EDUCATION FINANCE Recently, therefore, several countries have reformed higher education finance or are considering doing so. While some …
Peer Effects in Higher Education - National Bureau of …
Williams Project on the Economics of Higher Education David.J.Zimmerman@Williams.edu . NBER CHAPTER 7/23/02 11:39 AM 2 I. Introduction An important part of a child's school …
The Economics of Higher Education Throughout American …
The Economics of Higher Education Throughout American History Jennifer K. Dhatt1 Duke University Durham, NC April 15, 2002 1 Jennifer K. Dhatt graduated with Distinction Honors in …
Economics students’ behavioural intention and usage of …
Reflecting on the use of ChatGPT in the field of economics the use of artificial intelligence (ai) is becoming increasingly prevalent in various field due to its impact, especially in the higher …
Higher Education Politics & Economics Higher education …
Higher Education Politics & Economics223 Higher education administrators’ response to student activism and protests Dionicia Mahler-Rogers Darden College of Education, Department of …
Twelve facts about the economics of education - Brookings
Jun 27, 2024 · Twelve facts about the economics of education 1 Introduction Learning empowers individuals to pursue their dreams and reach their potential in a wide range of measurable
Explaining Increases in Higher Education Costs - William
Higher Education.2 More recently, in June of 2005, Secretary of Education Margaret Spellings created a National Commission on the Future of Higher Education with a broad mandate to …
THE COST OF 6 HIGHER EDUCATION - National Center for …
higher education institutions between 1980 and 1992. At private institutions, the increase was particularly dramatic. Over the period, revenue per FTE student increased from almost …
“This is the pre-peer reviewed version of the following article ...
economics higher education programs). Greninger, Hampton, Kitt and Durrett (1986) discuss the impact of funding trends on higher education home economics programs in a changing …
The economics and politics of cost sharing in higher …
404 D.B. Johnstone / Economics of Education Review 23 (2004) 403–410 payers, to some fi nancial reliance upon parents and/or students, either in the form of tuition fees or of “user
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for higher education institutions to adapt to the evolving landscape of knowledge production and consumption. The rise of imperfect informational capitalism requires us to rethink the …
PEER EFFECTS IN ACADEMIC OUTCOMES : Evidence from a …
Williams Project on the Economics of Higher Education Denison Gatehouse Williams College Williamstown, MA 01267 November 1999 (David J. Zimmerman) The author would like to …
Economics of Higher Education (Econ7470/ILR7470) Spring …
This course surveys the empirical literature on the economics of higher education. Students are assumed to have backgrounds in graduate microeconomic theory and econometrics. During …
Economic Impact: Higher Education
City has the greatest number of jobs, and the Southern Tier has the highest share of higher education employment, 7.9 percent, as it contains over a dozen of postsecondary institutions, …
M.A. Economics - Madhya Pradesh
Department of Higher Education, Govt. of M.P. Semester wise Syllabus for post graduation As recommended by Central Board of Studies and approved by HE the Governor of M.P. ...
Returns to Investment in Education - World Bank
income (Psacharopoulos 1985). Also, primary education continues to exhibit the highest social profitability in all world regions. Social and private returns at all levels generally decline by the …
HIGHER EDUCATION QUALIFICATION DEMAND
Dec 15, 2023 · Oxford Economics Australia In 2017 Oxford Economics acquired a controlling stake in BIS Shrapnel, to create BIS Oxford Economics and in 2023 became Oxford …
Effect of Peer Tutoring on Students' Academic …
One of the objectives of the curriculum on economics, which was published in 2008, is to enable students to contribute intelligently to discourse on economic reforms and development as they …
Assessing Home Economics College Students’ Behaviour …
Higher education in home economics was initiated more than a century ago in the USA and Canada to improve the economic and social status of women. It has developed consistently …
Economics - Colorado
ECONOMICS Economics Chart Your Career Course There is more than one path to a fulfilling career, and the road to a bachelor’s degree can start at a community college. ... higher …
Ali Mazrui Centre for Higher Education Studies
The course deepens students’ understanding of the basics of the economics of higher education and enables them to conceptualise the theoretical aspects that are pertinentin discussing and …
For-Profit Higher Education
For-Profit Higher Education 2 About the Authors Daniel L. Bennettis a research and policy analyst at CCAP and a columnist for Career College Central. He may be reached by email at …
SYLLABUS - Madhya Pradesh
JIWAJI UNIVERSITY, GWALIOR M.A. (ECONOMTCS), FIRST SEMESTER SESSION -2020 -2021 COMPULSORY PAPER IO2 -MACRO ECONOMICS UNIT - I Nature of Macro …
Twelve facts about the economics of education - Brookings
Jun 27, 2024 · Twelve facts about the economics of education 1 Introduction Learning empowers individuals to pursue their dreams and reach their potential in a wide range of measurable
The Economics of Higher Education in Developing Countries …
ECONOMICS OF HIGHER EDUCATION come, the real (in this sense) cost per student in developing countries is about seven times higher than in developed countries. There is an …
Home economics in higher education: preprofessional …
economics higher education programmes in the US, including name changes, diversification of student bodies, and the need for cohesive curricula, a common philosophical commitment and …
Economic returns to higher education - Mahatma Gandhi …
Types of returns-•Private returns-The benefits accruing to an individual . •Social returns-The sum of all private returns together with the taxes on income paid by individuals . Private rates of …
The importance of universities to Australia s prosperity
Deloitte Access Economics is Australia’s pre-eminent economics advisory practice and a member of Deloitte's global economics group. For more information, please visit ... 2.1 The public and …
EU exit: estimating the impact on UK higher education
Higher Education Statistics Agency (HESA), and covers the period from 2000/01 to 2016/17. 3. Note that students coming to the UK to undertake pre-higher education (access) studies as …
Higher Education and Economic Growth of Nigeria: Evidence …
Keywords: higher education, educational finance, economic growth, gross enrolment, GDP JEL Classification codes: D83, I22, I23, O40. 1. Introduction Education is a method by which the …
Assessing the costs of removing undergraduate tuition fees …
London Economics were commissioned by the University and College Union to assess the impact on the Exchequer, students/graduates, and higher education institutions (HEIs) of introducing …
Principles of Economics - McGraw Hill
the areas of economic education, technology in the classroom, and financial literacy. His research has been published in academic journals such as the AEA Papers and Proceedings, Journal …
The Economics of Financing Higher Education - economic …
THE ECONOMICS OF FINANCING HIGHER EDUCATION Ron Diris Erwin Ooghe 1 Motivation Higher education has expanded considerably over the last decades. Participation rates have …
The Economics of American Higher Education in the New …
The Economics of American Higher Education in the New Gilded Age Paul Campos Follow this and additional works at:https://dc.law.utah.edu/ulr Part of theConsumer Protection Law …
EMPLOYABILITY OF BA-ECONOMICS GRADUATES: A TRACER …
priority. One thing to consider that graduates will be competing from the graduates from other Higher Education Institution (HEI) in finding job; and market job in the Philippines is limited, …
Measuring the value of externalities from higher …
Faculty of Economics and Institute for Social and Economic Studies, Dhurakij Pundit University, 110/ 1-4 Prachachuen Road, Laksi, Bangkok 10210, Thailand ... higher education that receive …
HIGHER EDUCATION FOR HIGHER COMPETITIVENESS
HIGHER EDUCATION FOR HIGHER COMPETITIVENESS Abstract The current criticism of higher education is that the education offered does not match the needs of practice. In terms …
Returns to Higher Education in India: A review - IOSR Journals
Higher education is a pathway to employment, enabling the acquisition of specialised skills and knowledge, there has been an increasing participation of girls studies have shown that rates of …
The determinants of international demand for UK higher …
However, because US higher education fees are denominated in sterling, there is also an indirect effect as US higher education becomes less attractive and UK higher education becomes …
Education’s Impact on Economic Growth and Productivity
Education’s Impact on Economic Growth and Productivity ... school or higher (Grotlüschen et al. 2016).1 In addition to addressing failures of systems to foster high levels of skills, it is ...
Book Review: Nudge: Improving Decisions about Health, …
insurance, education, and marriage. You don’t need to know a thing about economics or behavioral economics to understand this humorous, but ... 1. Schwartz H. A Guide to …
The Economics of Higher Education - irp.cornell.edu
the economics of higher education, leading some to charge that colleges and universities are out of control. A few government representatives have even suggested the imposition of tuition …
The impact of the higher education sector on the UK economy
1 See Higher Education Statistics Agency (2023), ‘Higher Education Student Data’ (here). 2 For example, see London Economics (2023), ‘The benefits and costs of international higher …
Contemporary Issues in Higher Education: Introduction
brings forth both methodological and theoretical challenges those who aim to explore economics of higher education and address issues of social justice created through the debt machines …
THE ECONOMICS OF EDUCATION: INVESTING IN HUMAN …
Numerous studies have demonstrated a direct correlation between higher levels of education and higher income levels. This relationship holds true across different professions and sectors, …
Economics Learning Standards for Australian Higher Education
Economics Learning Standards for Australian Higher Education 3 1. Introduction Under the Tertiary Education Quality Standards Agency (TEQSA) legislation, all higher education …
The Economics of Education - JSTOR
economists on the economic analysis of education, the second edition provides un-doubtedly a better coverage. The structure of the volume is organised in eight sections: (1) The Economics …
