The community college: educating students at the margin between college and work
Article Abstract:
Community colleges account for almost half the increase in the number of students entering college, which has risen to 36% of 18 to 24-year-olds in 1994 from 26% in 1980. Community colleges can help boost the wages of those who attend them, even when they do not finish a degree. They also boost aggregate educational attainment. They have tended to function as a buffer when there is a rise in demand for skilled workers, and when war veterans return. Community colleges have used opportunities offered by distance learning, as having other institutions. The net impact of technological change on community colleges has yet to be fully assessed.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1999
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Tenure issues in higher education
Article Abstract:
Tenure in US higher education institutions has a number of benefits, and allows authority to be distributed between a university's administration and faculty in an advantageous way. There are also costs associated with tenure, which can impose rigidities on colleges, and these costs may rise with the end of mandatory retirement. The individual autonomy fostered by tenure may also contribute to a cottage industry approach to work, which involves opportunity costs. The impact of tenure varies according to the type of academic institution, which leads to questions as to where it should be used.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1999
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Subsidies, hierarchy and peers: the awkward economics of higher education
Article Abstract:
Higher education is more than just a business, and models based on profit-making companies tend not to be helpful in analysing higher educations, and in deciding on policy or making forecasts. The price-to-cost ratios of colleges may vary from 0.067 for top public colleges and 1.0 for for-profit colleges. Demand is reduced by using complex rationing systems. The characteristics of higher education in terms of hierarchy, subsidies, costs and prices, mean that models based on for-profit companies provide little help in understanding higher education.
Publication Name: Journal of Economic Perspectives
Subject: Economics
ISSN: 0895-3309
Year: 1999
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