Economics of Higher Education

Author: Robert K. Toutkoushian
Publisher: Springer
ISBN: 9401775060
Format: PDF, Docs
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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

The Economics of Higher Education

Author: John Creedy
Publisher: Edward Elgar Publishing
ISBN:
Format: PDF
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John Creedy provides a highly rigorous technical analysis. . . Journal of Education, Planning and Administration Creedy presents a succinct analysis of the fundamental economic implications of tax-based versus fee-based support of higher education, including fees collected over a lifetime through tax surcharges. The book appears in the midst of raging national debate on financing higher education. While the book is intended for a professional audience, its analytical rigor sold arm economists to more effectively contribute to the public policy debate on higher education finance. The clarity of presentation is a tribute to the author s grasp of the subject matter and its underlying principles. A major contribution is the identification of key interdependencies that flow from the theoretical analysis. Brady J. Deaton, American Journal of Agricultural Economics The rich detail allows the reader to understand subtle interrelationships among variables that might otherwise be missed. The clear explanations of the major results are also very helpful. Donald E. Frey, Southern Economic Journal The debate regarding the increased funding of higher education has focused on specific issues such as whether higher education should be financed through general taxation and the implications of collecting fees later in life through the use of a tax surcharge while largely ignoring the important economic interdependencies which affect them. In The Economics of Higher Education, John Creedy explores the economic foundations of the debate and focuses attention on the process of government decision-making including the precise way that these decisions are affected by the possible external effects of higher education. This book addresses the key issues in the debate using a fully specified model which allows for dispersion of abilities, the individual s decision to invest in higher education and the government s choice of higher education grant, along with the government s budget constraint. This model is also used to consider the effects of alternative tax and grant systems on the distribution of lifetime income within a cohort of individuals, and is extended to allow for the general equilibrium effects of other social transfers to the low paid, along with means testing of grants. The non-technical introduction discusses the author s approach, the framework of analysis and the conclusions which he has reached. As a rigorous analytical contribution to a major public policy debate, this book will be welcomed by policymakers and educationalists, as well as by teachers and researchers in the field of public economics.

The Economics of Higher Education

Author: C. R. Belfield
Publisher: Edward Elgar Pub
ISBN:
Format: PDF, Kindle
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'This book does pretty much what it says on the tin. It claims to be "an essential reference source for students, researchers and lecturers', and that is what it will be for anyone interested in current thinking on the economics of higher education. This is the one hundred and sixty-fifth volume in the International Library of Critical Writings in Economics: other disciplines and subject areas must jealously wish they were so well provided for. . . There is much of interest, and much to learn from, here.' - Malcolm Tight, Studies in Higher Education Higher education is beginning to play an increasingly important role in the process of globalization, which promotes information technologies, development and diffusion of innovations and the ability of economies to benefit from rapid shifts in the production of goods, services, and ideas. In this volume the editors have brought together some of the most significant previously published academic papers describing how highly skilled graduate labour impacts on the economy. Topics covered include the economic benefits of higher education, student choice of subject and university, the technology of higher education, empirical research on the cost functions faced by universities, the funding and financing of university education, the market for higher education and how universities compete.

The Economics of American Higher Education

Author: William E. Becker Jr.
Publisher: Springer Science & Business Media
ISBN: 9401129509
Format: PDF, ePub
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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.

The Economics of Screening and Risk Sharing in Higher Education

Author: Bernhard Eckwert
Publisher: Academic Press
ISBN: 0128031913
Format: PDF, Docs
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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.