全球智库信息集成服务系统(G2TT): The U.S. Market for Higher Education: A General Equilibrium Analysis of State and Private Colleges and Public Funding Policies

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w19298
来源ID	Working Paper 19298
	The U.S. Market for Higher Education: A General Equilibrium Analysis of State and Private Colleges and Public Funding Policies
	Dennis Epple; Richard Romano; Sinan Sarpça; Holger Sieg
发表日期	2013-08-09
出版年	2013
语种	英语
摘要	We develop a general equilibrium model of the market for undergraduate higher education that captures the coexistence of public and private colleges, the large degree of quality differentiation among them, and the tuition and admission policies that emerge from their competition for students. The calibrated version of the model matches well the aggregate characteristics of U.S. higher education including college attendance in public and private schools, tuition levels, and the distribution of federal aid. Predictions about the distribution of students across colleges by ability and income and about the provision of institutional aid are realistic. We use the model to examine the consequences of federal and state aid policies. A one-third increase in the availability of federal aid increases college attendance by 6% of the initial college population, virtually all of the increase being in state colleges and mainly of poor students. Private colleges reduce institutional aid and use the net funding gain to spend more on educational inputs and to substitute some highly able poor students for less able rich students. Reductions in federal or state aid result in reduced attendance mainly by poor students. Reductions of support to state colleges does not cause private colleges to grow but does improve their quality as demand shifts toward them.
主题	Microeconomics ; Market Structure and Distribution ; General Equilibrium ; Health, Education, and Welfare ; Education
URL	https://www.nber.org/papers/w19298
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/576973
推荐引用方式 GB/T 7714	Dennis Epple,Richard Romano,Sinan Sarpça,et al. The U.S. Market for Higher Education: A General Equilibrium Analysis of State and Private Colleges and Public Funding Policies. 2013.