CHI TIẾT NGHIÊN CỨU …
Tiêu đề
Cost, quality and enrollment demand at liberal arts colleges
Tác giả
Buss C.; Parker J.; Rivenburg J.
Năm xuất bản
2004
Source title
Economics of Education Review
Số trích dẫn
26
DOI
10.1016/S0272-7757(03)00047-5
Liên kết
Tóm tắt
This paper examines the effects of cost, quality and macroeconomic factors on the demand for higher education (represented by the share of admitted freshmen choosing to enroll) at a group of selective liberal arts colleges over the period from 1988 to 1998. Students are segregated by their financial-aid status with different demand equations estimated for each. Students who have no financial need or did not apply for aid are found to have a tuition elasticity close to unity, implying that a 1% increase in tuition will lead to about a 1% decrease in enrollment yield. The analysis of aid recipients suggests that both relative tuition and financial-aid levels play a significant role in determining the enrollment yield of a college. Tuition and room and board levels negatively affect the enrollment yield of this group of students, while grants and loans increase the likelihood of enrollment of admitted students. The evidence on the effects of school quality variables and macroeconomic factors is weak. There is some evidence that a higher ranking in the US News and World Report college guide increases yield, but specific quality measures such as SAT scores have little statistical significance. © 2003 Elsevier Ltd. All rights reserved.
Từ khóa
Demand for schooling; Educational economics
Tài liệu tham khảo
Bezmen T., Depken II C.A., School characteristics and the demand for college, Economics of Education Review, 17, 2, pp. 205-210, (1998); Buss C., Enrollment Yield at Selective Liberal-arts Colleges, (2000); Ehrenberg R.G., Sherman D., Optimal financial aid policies for a selective university, Journal of Human Resources, 19, pp. 202-230, (1984); Heinz L.C., White lies, damned lies, and statistics, Engineering and Science Fall, (1989); Monks J., Ehrenberg R.G., The Impact of US News and World Report College Rankings on Admissions Outcomes and Pricing Policies at Selective Private Institutions, 7227, (1999); Moore R.L., Studenmund A.H., Slobko T., The effect of the financial aid package on the choice of a selective college, Economics of Education Review, 10, 4, pp. 311-321, (1991); Parker J., Summers J., Tuition and enrollment yield at selective liberal arts colleges, Economics of Education Review, 12, 4, pp. 311-324, (1993); Pulka G., ]US News addresses flaws in college guide-sort of, Wall Street Journal, (1995); Steklow S., Colleges inflate SATs and graduation rates in popular guidebooks, Wall Street Journal, (1995); Webster D.S., Rankings of undergraduate education in the US News and World Report and Money: Are they any good?, Change, (1992)
Nơi xuất bản
Elsevier Ltd
Hình thức xuất bản
Article
Open Access
Nguồn
Scopus