Background/Context The essay provides a comprehensive review of work by economists
and others in related quantitative disciplines on the transition of students to college. A …

Standard models of public education provision predict an implicit transfer of resources from
higher-income individuals toward lower-income individuals. Many studies have documented …

Education conveys a civic externality, a benefit to society over and above the benefit to the
student in enhancing his future earning power. Students are taught not only to be productive …

The question of how states can best use financial policy to achieve their goals is very
important for many higher education stakeholders. In this study, the authors use panel data …

In this paper, we use economic concepts to examine the choice that states make between
giving appropriations to public colleges or need-based financial aid to students. We begin …

“In general, however, my impression is that the great danger is not so much institutional
extinction, or even that there will be a sudden, dramatic downward shift from one level of …

I investigate the relationship between big-time college football programs and state
appropriations to public institutions of higher education. Estimation of a linear reduced form …

In this paper education simultaneously affects growth and income inequality. More
education does not necessarily decrease inequality when the latter is assessed by the …

Empirical studies of legislative demand for higher education, using cross-sectional date for
all 50 states, have not found much evidence that economic and demographic factors …

We assume that students observe only a private, noisy signal of their ability and that
universities can condition admission decisions on the results of noisy tests. If the university …