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A comparative analysis of the demand for higher education: results from a meta-analysis of elasticities

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Author Info
Craig Gallet () (California State University at Sacramento)

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Abstract

Studies of the demand for higher education have produced numerous estimates of the tuition and income elasticities. Because of widespread variation in the models estimated, this paper performs a meta-analysis of the literature to uncover the extent to which study characteristics influence elasticities. In addition to being more inelastic in the short-run, the results reveal that demand is least responsive to tuition and income in the United States. Also, the measure of quantity and price, coupled with the method of estimation, have important effects on the tuition elasticity. Nonetheless, there are many study characteristics that have little impact on elasticity estimates.

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File URL: http://economicsbulletin.vanderbilt.edu/2007/volume9/EB-07I20002A.pdf
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 9 (2007)
Issue (Month): 7 ()
Pages: 1-14
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ebl:ecbull:v:9:y:2007:i:7:p:1-14

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Postal: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA
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Related research
Keywords: Demand for schooling; education economics;

Find related papers by JEL classification:
I2 - Health, Education, and Welfare - - Education
D1 - Microeconomics - - Household Behavior

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  1. Espey, Molly, 1998. "Gasoline demand revisited: an international meta-analysis of elasticities," Energy Economics, Elsevier, vol. 20(3), pages 273-295, June. [Downloadable!] (restricted)
  2. Noorbakhsh, Abbas & Culp, David, 2002. "The demand for higher education: Pennsylvania's nonresident tuition experience," Economics of Education Review, Elsevier, vol. 21(3), pages 277-286, June. [Downloadable!] (restricted)
  3. Chressanthis, George A., 1986. "The impacts of tuition rate changes on college undergraduate headcounts and credit hours over time -- a case study," Economics of Education Review, Elsevier, vol. 5(2), pages 205-217, April. [Downloadable!] (restricted)
  4. Paulsen, Michael B. & Pogue, Thomas F., 1988. "Higher education enrollment: The interaction of labor market conditions, curriculum, and selectivity," Economics of Education Review, Elsevier, vol. 7(3), pages 275-290, June. [Downloadable!] (restricted)
  5. Agarwal, Vinod B & Winkler, Donald R, 1985. "Foreign Demand for United States Higher Education: A Study of Developing Countries in the Eastern Hemisphere," Economic Development and Cultural Change, University of Chicago Press, vol. 33(3), pages 623-44, April.
  6. T. D. Stanley, 2001. "Wheat from Chaff: Meta-analysis as Quantitative Literature Review," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 131-150, Summer. [Downloadable!] (restricted)
  7. Craig A. Gallet & John A. List, 2003. "Cigarette demand: a meta-analysis of elasticities," Health Economics, John Wiley & Sons, Ltd., vol. 12(10), pages 821-835. [Downloadable!]
  8. Kremers, Hans & Nijkamp, Peter & Rietveld, Piet, 2002. "A meta-analysis of price elasticities of transport demand in a general equilibrium framework," Economic Modelling, Elsevier, vol. 19(3), pages 463-485, May. [Downloadable!] (restricted)
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  9. Layard, R & Petoussis, E, 1985. "Overseas Students' Fees and the Demand for Education," Applied Economics, Taylor and Francis Journals, vol. 17(5), pages 805-16, October.
  10. Allen, Robert F. & Shen, Jianshou, 1999. "Some new evidence of the character of competition among higher education institutions," Economics of Education Review, Elsevier, vol. 18(4), pages 465-470, October. [Downloadable!] (restricted)
  11. Hopkins, Thomas D, 1974. "Higher Education Enrollment Demand," Economic Inquiry, Oxford University Press, vol. 12(1), pages 53-65, March.
  12. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-38, May. [Downloadable!] (restricted)
  13. Craig A. Gallet, 2007. "The demand for alcohol: a meta-analysis of elasticities," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society and Blackwell Publishing Asia Pty Ltd., vol. 51(2), pages 121-135, 06. [Downloadable!] (restricted)
  14. Corman, Hope & Davidson, Patricia K., 1984. "Economic aspects of post-secondary schooling decisions," Economics of Education Review, Elsevier, vol. 3(2), pages 131-139, April. [Downloadable!] (restricted)
  15. Quinn, Robert & Price, Jamie, 1998. "The demand for medical education: an augmented human capital approach," Economics of Education Review, Elsevier, vol. 17(3), pages 337-347, June. [Downloadable!] (restricted)
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