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The Economics of American Higher Education

The Economics of American Higher Education
Author: William E. Becker Jr.
Publisher: Springer Science & Business Media
Total Pages: 350
Release: 2012-12-06
Genre: Business & Economics
ISBN: 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.


Higher Education and Economic Growth

Higher Education and Economic Growth
Author: William E. Becker Jr.
Publisher: Springer Science & Business Media
Total Pages: 188
Release: 2013-03-09
Genre: Business & Economics
ISBN: 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
Author: Jason E. Lane
Publisher: State University of New York Press
Total Pages: 348
Release: 2012-11-20
Genre: Education
ISBN: 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.


The Economics of Higher Education

The Economics of Higher Education
Author: Department of the Treasury
Publisher:
Total Pages: 43
Release: 2012
Genre:
ISBN:

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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.


Public Higher Education Spending and Economic Growth

Public Higher Education Spending and Economic Growth
Author: Cary Garcia (Jr.)
Publisher:
Total Pages: 90
Release: 2013
Genre: Economic development
ISBN:

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This thesis revisits the effect of public higher education spending on economic growth. The data used covers all 50 U.S. states over the time period from 1989 to 2006. Unlike previous studies, we have included the variation in the composition of the market for higher education from state to state. In addition, a 2SLS model is specified, where public higher education spending had an indirect effect on economic growth through educational attainment. The results suggest that the relationship between public higher education spending and economic growth is only positive in those states with the smallest market for private higher education. Also, results indicated that public higher education spending has a negative relationship with educational attainment. However, this negative effect decreases in states with larger markets for private higher education.


Rising Above the Gathering Storm

Rising Above the Gathering Storm
Author: Institute of Medicine
Publisher: National Academies Press
Total Pages: 590
Release: 2007-03-08
Genre: Political Science
ISBN: 0309100399

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In a world where advanced knowledge is widespread and low-cost labor is readily available, U.S. advantages in the marketplace and in science and technology have begun to erode. A comprehensive and coordinated federal effort is urgently needed to bolster U.S. competitiveness and pre-eminence in these areas. This congressionally requested report by a pre-eminent committee makes four recommendations along with 20 implementation actions that federal policy-makers should take to create high-quality jobs and focus new science and technology efforts on meeting the nation's needs, especially in the area of clean, affordable energy: 1) Increase America's talent pool by vastly improving K-12 mathematics and science education; 2) Sustain and strengthen the nation's commitment to long-term basic research; 3) Develop, recruit, and retain top students, scientists, and engineers from both the U.S. and abroad; and 4) Ensure that the United States is the premier place in the world for innovation. Some actions will involve changing existing laws, while others will require financial support that would come from reallocating existing budgets or increasing them. Rising Above the Gathering Storm will be of great interest to federal and state government agencies, educators and schools, public decision makers, research sponsors, regulatory analysts, and scholars.


Budgeting for Higher Education at the State Level

Budgeting for Higher Education at the State Level
Author: Daniel T. Layzell
Publisher: Jossey-Bass
Total Pages: 156
Release: 1990-05-12
Genre: Education
ISBN:

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State budgeting for higher education is a complex, multifacted process which is influenced by conditions outside both state government and higher education including the historical traditions, political culture, economic and demographic aspects of a state. Noted is the need of higher education to compete with other policy areas for resources and yet retain its autonomous nature. This monograph addresses the following budgeting concerns: environmental factors framing the state budget process for higher education; how these factors affect state budgeting; the primary elements of the state budget process for higher education; how the state higher education budget links resources with state objectives; accountability; costs, productivity, and quality; affordability; economic development; minority and nontraditional students; independent higher education; and the implications of what we know about state-level budgeting for higher education. It is emphasized that all participants, from the state level agency to the department within an institution should be aware of the overall picture of state budgeting for higher education. Includes 190 references. (LPT)


Linking Higher Education and Economic Development

Linking Higher Education and Economic Development
Author: Pundy Pillay
Publisher: African Minds
Total Pages: 117
Release: 2010
Genre: Education
ISBN: 1920355448

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Finland, South Korea and the state of North Carolina in the United States are three systems that successfully have harnessed higher education in their economic development initiatives. Common to the success of all these systems is, amongst others, the link between economic and education planning, quality public schooling, high tertiary participation rates with institutional differentiation, labour market demand, cooperation and networks, and consensus about the importance of higher education for development. Linking higher education and economic development: Implications for Africa from three successful systems draws together evidence on the three systems, synthesises the key findings, and distils the implications for African countries. The project on which the book is based forms part of a larger study on Universities and Economic Development in Africa, undertaken by the Higher Education Research and Advocacy Network in Africa (HERANA). HERANA is co-ordinated by the Centre for Higher Education Transformation in South Africa.


State Investment in Universities

State Investment in Universities
Author: Jay Schalin
Publisher:
Total Pages: 32
Release: 2010
Genre: Government aid to education
ISBN:

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