CHI TIẾT NGHIÊN CỨU …
Tiêu đề
Financial changes and optimal spending rates among top liberal arts colleges, 1996-2001
Tác giả
Kaufman R.T.; Woglom G.
Năm xuất bản
2005
Source title
Review of Higher Education
Số trích dẫn
5
DOI
10.1353/rhe.2005.0015
Liên kết
Tóm tắt
This article documents the changes in financial status among the top 49 liberal arts colleges between 1996 and 2001 by using Integrated Postsecondary Education Data System (IPEDS) financial and enrollment data. These data show large disparities in net assets per student, expenses per student, and the subsidies per full-paying student and the average student. Differences in comprehensive fees are considerably smaller. In addition the-six wealthiest institutions have maintained relatively greater spending while still increasing their net assets faster than their peer institutions. Two views of the optimal rates of spending are then presented, and spending rates are calculated for each institution. Most of these institutions have spending rates well below the rate that would be required to achieve intergenerational equity. Copyright © 2005 Association for the Study of Higher Education All Rights Reserved.
Từ khóa
Tài liệu tham khảo
U.S. News and World Report, (2002); 1999 NACUBO Endowment Study, (2000); The College Handbook, (2002); Coiner H.M., How large a fraction of university endowment may safely be spent?, Journal for Higher Education Management, 8, 1, pp. 57-67, (1992); Survey of Professional Forecasters, (2002); Hansmann H., Why do universities have endowments?, Journal of Legal Studies, 19, 1, pp. 3-42, (1990); Hopkins D., Massy W., Planning Models for Colleges and Universities, (1981); Kaufman R.T., Woglom G., Incorporating non-financial wealth in college and university investment strategies, Journal of Educational Finance, 29, 1, pp. 61-82, (2003); Massy W.F., Endowment: Perspectives, Policies, & Management, (1990); Finance Survey of the NCES Integrated Postsecondary Education Data System; Swensen D., Pioneering Portfolio Management, (2000); Tobin J., What is permanent income?, American Economic Review, 64, 2, pp. 427-432, (1974); Winston G.C., Lewis E.G., Physical capital and service costs in US colleges and universities: 1993, Eastern Economic Journal, 23, 2, pp. 165-189, (1993); Winston G.C., Subsidies, hierarchy and peers: The awkward economics of higher education, Journal of Economic Perspectives, 13, 1, pp. 13-36, (1999)
Nơi xuất bản
Johns Hopkins University Press
Hình thức xuất bản
Article
Open Access
Nguồn
Scopus