This paper estimates the effect of attending historically black college and universities (HBCUs) on future wages of black students.

Following the 1997-98 financial turmoil, crisis countries in Asia moved toward either floating or fixed exchange rate systems, superficially consistent with the bipolar view of exchange rate regimes and the "hollow middle" hypothesis. But some observers have claimed that, despite the changes in...

We describe a unique institution used by 19th century Indian guilds to raise funds: The guild members agreed that on a particular day all but one of their shops would be shut. An auction would be held to determine which one shop would remain open, and the winning bid would go to the guild funds....

A sophisticated and widespread intuition is supported by our experience with business firms. And it is confirmed, influenced, and expanded by the formal microeconomic analysis of those firms and their markets. This paper asks if that theory and intuition are helpful for understanding colleges...

This paper reviews the major conceptual and practical problems that emerge in estimating the cost of producing a year of undergraduate education. The three major areas discussed are the complicated issues in estimating the yearly cost of physical capital, the treatemtn of student financial aid,...

Student subsidies are large, ubiquitous, and very unevenly distributed in US higher education - covering, on average, two-thirds of a student's educational costs and ranging from $2,600 in the bottom decile of schools ranked by subsidy size to $24,000 in the top. So data on the distribution of...

There's a new "global" way of organizing the economic information about an individual college or university that leads to a new way of tracking and understanding the changes that have been overtaking higher education, natioinally. The paper gives a simple introduction to this way of looking at...

Data on institutional saving in US higher education have not been available until now yet they are useful in several ways. They describe how various types of schools are doing financially, and whether their present behavior is sustainable. They complete the picture of sources and uses of revenue...

Although considerable effort has been expended on measuring the returns to education in the U.S. and on modeling the individual decision-making process in human capital investment, surprisingly little work has been done in terms of attempts to forecast college enrollment rates in the U.S....