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Productivity in Higher Education (Hardcover)
Loot Price: R3,394
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Productivity in Higher Education (Hardcover)
Series: (NBER) National Bureau of Economic Research Conference Reports
Expected to ship within 9 - 15 working days
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How do the benefits of higher education compare with its costs, and
how does this comparison vary across individuals and institutions?
These questions are fundamental to quantifying the productivity of
the education sector. The studies in Productivity in Higher
Education use rich and novel administrative data, modern
econometric methods, and careful institutional analysis to explore
productivity issues. The authors examine the returns to
undergraduate education, differences in costs by major, the
productivity of for-profit schools, the productivity of various
types of faculty and of outcomes, the effects of online education
on the higher education market, and the ways in which the
productivity of different institutions responds to market forces.
The analyses recognize five key challenges to assessing
productivity in higher education: the potential for multiple
student outcomes in terms of skills, earnings, invention, and
employment; the fact that colleges and universities are
"multiproduct" firms that conduct varied activities across many
domains; the fact that students select which school to attend based
in part on their aptitude; the difficulty of attributing outcomes
to individual institutions when students attend more than one; and
the possibility that some of the benefits of higher education may
arise from the system as a whole rather than from a single
institution. The findings and the approaches illustrated can
facilitate decision-making processes in higher education.
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