Studies of supply and demand in higher education / edited by Charles T. Clotfelter and Michael Rothschild.

Format:

Book

Contributor:

Clotfelter, Charles T.

Rothschild, Michael, 1942-

Series:

National Bureau of Economic Research project report.

A National Bureau of Economic Research project report

Language:

English

Subjects (All):

Education, Higher--Economic aspects--United States--Congresses.

Education, Higher.

College attendance--United States--Congresses.

College attendance.

Education, Higher--United States--Finance--Congresses.

Physical Description:

1 online resource (308 pages)

Edition:

1st ed.

Place of Publication:

Chicago, Ill. : University of Chicago Press, 1993.

Language Note:

English

Summary:

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.

Contents:

Front matter

Relation of the Directors to the Work and Publications of the National Bureau of Economic Research

Contents

Preface

Introduction

1. The University in the Marketplace: Some Insights and Some Puzzles

2. Adolescent Econometricians: How Do Youth Infer the Returns to Schooling?

3. Trends in College Entry among Whites, Blacks, and Hispanics

4. The Growing Concentration of Top Students at Elite Schools

5. Future Graduate Study and Academic Careers

6. How Would Universities Respond to Increased Federal Support for Graduate Students?

7. Optimal Investment Strategies for University Endowment Funds

8. Public Choices in Public Higher Education

Contributors

Author Index

Subject Index

Notes:

Papers presented at a conference held in May 1991 in Williamsburg, Virginia.

Includes bibliographical references and index.

ISBN:

9786611430825

9781281430823

128143082X

9780226110646

0226110648

OCLC:

476229268