The Economics of Higher Education in the United States

The Economics of Higher Education in the United States PDF

Author: Thomas Adam

Publisher: Texas A&M University Press

Published: 2019-03-27

Total Pages: 248

ISBN-13: 1623497442

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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 PDF

Author: Robert K. Toutkoushian

Publisher: Springer

Published: 2016-03-18

Total Pages: 390

ISBN-13: 9401775060

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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

Economics of Higher Education

Economics of Higher Education PDF

Author: Selma J. Mushkin

Publisher:

Published: 1962

Total Pages: 430

ISBN-13:

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Composite work in economic research on higher education in the USA - covers labour demand and supply of professional workers and university graduates, financing educational investment, etc. References and statistical tables.

The Economics of American Higher Education

The Economics of American Higher Education PDF

Author: William E. Becker Jr.

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 350

ISBN-13: 9401129509

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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 American Universities

The Economics of American Universities PDF

Author: Stephen A. Hoenack

Publisher: State University of New York Press

Published: 1990-06-01

Total Pages: 296

ISBN-13: 1438406835

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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?

Higher Education and Economic Growth

Higher Education and Economic Growth PDF

Author: William E. Becker Jr.

Publisher: Springer Science & Business Media

Published: 2013-03-09

Total Pages: 188

ISBN-13: 9401581673

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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.

Universities and Colleges as Economic Drivers

Universities and Colleges as Economic Drivers PDF

Author: Jason E. Lane

Publisher: State University of New York Press

Published: 2012-11-20

Total Pages: 348

ISBN-13: 1438445024

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Local, state, and national economies are facing unprecedented levels of international competition. The current fiscal crisis has hampered the ability of many governments in the developed world to directly facilitate economic growth. At the same time, many governments in the developing world are investing significant new resources into local infrastructure and industry development initiatives. At the heart of the current economic transformation lie our colleges and universities. Through their roles in education, innovation, knowledge transfer, and community engagement, these institutions are working toward spurring economic growth and prosperity. This book brings together leading scholars from a variety of disciplines to assess how universities and colleges exert impact on economic growth. The contributors consider various methodologies, metrics, and data sources that may be used to gauge the performance of diverse higher education institutions in improving economic outcomes in the United States and around the world. Also presented are new typologies of economic development activities and related state policies that are designed to improve understanding of such initiatives and generate new energy and focus for an international community of scholars and practitioners working to formulate new models for how public universities and colleges may lead economic development in their states and communities while still performing their traditional educational functions. Universities and Colleges as Economic Drivers is meant to cultivate greater understanding among elected officials, business representatives, policymakers, and other concerned parties about the central roles universities and colleges play in national, state, and local economies.

Economics Of Higher Education

Economics Of Higher Education PDF

Author: Selma J Mushkin

Publisher: Legare Street Press

Published: 2023-07-18

Total Pages: 0

ISBN-13: 9781019591031

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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.

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