Using Mellon Foundation’s College and Beyond survey of alumni from 34 colleges and universities spanning 40 years, Clotfelter found that those who reported that someone "... besides students [took] a special interest in you or your workʺ also reported greater general satisfaction with their...

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...

The market for undergraduate education has many similarities to an arms race. A school's position - relative to other schools - determines its success in attracting students and student quality. Its position, in turn, is largely determined by the size of its student subsidies, the difference...

Colleges and universities in the US differ markedly in their access to economic resources, hence in what they can do for their students. National (IPEDS) data are used here to describe the resulting hierarchy that's reflected in schools' spending on their students, the prices those students pay,...

This brief paper asks if the proposition that "growth is goodʺ applies with equal force to private business and to private colleges and universities. An increasing appreciation of the fundamental differences in economic structure between business firms and academic institutions suggests that...

College tuition, as the price of higher education services, defies familiar economic analysis in important ways. It is recognized that tuition is a price that covers only a fraction of the cost of producing those educational services (about a third, nationally), creating an in-kind subsidy for...

Empirical studies show that years of schooling are positively correlated with good health. The implication may go from education to health, from health to education, or from factors that influence both variables. We formalize a model that determines an individual's demand for knowledge and...

In a world where the prospects of a global agreement to control greenhouse gas emissions are bleak, the idea of using trade policy as an implicit regulation of foreign emission sources has gained many supporters in countries contemplating unilateral climate policies. Embodied carbon tariffs tax...