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Physical Capital and Capital Service Costs in U.S. Colleges and Universities: 1993

Author

Listed:
  • Gordon C. Winston

    (Williams College)

  • Ethan G. Lewis

    (Williams College)

Abstract

Physical capital represents an important input to the production of higher education--the essential services of buildings, equipment, and land--for which we have only highly inadequate measures. This paper has three objectives: to report estimates of the value of the capital stocks used by 3,148 colleges and universities in the US in 1993 (virtually all of them), to give a sense of the distribution of that physical capital and of capital service costs among different kinds of institutions, and to make these estimates available to other students of higher education in the form of FoxPro or Excel files.

Suggested Citation

  • Gordon C. Winston & Ethan G. Lewis, 1997. "Physical Capital and Capital Service Costs in U.S. Colleges and Universities: 1993," Eastern Economic Journal, Eastern Economic Association, vol. 23(2), pages 165-189, Spring.
    • Handle: RePEc:eej:eeconj:v:23:y:1997:i:2:p:165-189
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume23/V23N2P165_189.pdf
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    Citations

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    Cited by:

    1. Catharine B. Hill & Gordon C. Winston & Stephanie A. Boyd, 2005. "Affordability: Family Incomes and Net Prices at Highly Selective Private Colleges and Universities," Journal of Human Resources, University of Wisconsin Press, vol. 40(4), pages 769-790.
    2. Winston, G.C., 1998. "For-Profit Higher Education: Godzilla or Chicken Little?," Williams Project on the Economics of Higher Education DP-49, Department of Economics, Williams College.
    3. Gordon C. Winston & Jared C. Carbone & Laurie C. Hurshman, 2001. "Saving, Wealth, Performance, and Revenues in US Colleges and Universities," Williams Project on the Economics of Higher Education DP-59, Department of Economics, Williams College.
    4. Winston, G.C., 1998. "A Guide to Measuring College Costs," Williams Project on the Economics of Higher Education DP-46, Department of Economics, Williams College.

    More about this item

    Keywords

    Education;

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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