全球智库信息集成服务系统(G2TT): Accounting for the Rise in College Tuition

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w21967
来源ID	Working Paper 21967
	Accounting for the Rise in College Tuition
	Grey Gordon; Aaron Hedlund
发表日期	2016-02-08
出版年	2016
语种	英语
摘要	We develop a quantitative model of higher education to test explanations for the steep rise in college tuition between 1987 and 2010. The framework extends the quality-maximizing college paradigm of Epple, Romano, Sarpca, and Sieg (2013) and embeds it in an incomplete markets, life-cycle environment. We measure how much changes in underlying costs, reforms to the Federal Student Loan Program (FSLP), and changes in the college earnings premium have caused tuition to increase. All these changes combined generate a 106% rise in net tuition between 1987 and 2010, which more than accounts for the 78% increase seen in the data. Changes in the FSLP alone generate a 102% tuition increase, and changes in the college premium generate a 24% increase. Our findings cast doubt on Baumol’s cost disease as a driver of higher tuition.
主题	Microeconomics ; Market Structure and Distribution ; General Equilibrium ; Macroeconomics ; Consumption and Investment ; Financial Economics ; Portfolio Selection and Asset Pricing
URL	https://www.nber.org/papers/w21967
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/579640
推荐引用方式 GB/T 7714	Grey Gordon,Aaron Hedlund. Accounting for the Rise in College Tuition. 2016.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w21967.pdf（1057KB）	智库出版物		限制开放	CC BY-NC-SA	浏览