Avoiding Tunnel Vision in the Study of Higher Education Costs
AbstractMuch of the literature on the causes of rising costs in higher education focuses on specific features and pathologies of decision-making within colleges and universities. We argue that this inward-looking focus on the specifics of higher education as an industry is a form of tunnel vision that can lead to poor public policy decisions. In this paper we show that cost disease and capital-skill complementarity are two crucially important causes of rising costs in higher education. These two economy-wide forces are something higher education shares with other skilled-labor-intensive services.
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Bibliographic InfoPaper provided by Department of Economics, College of William and Mary in its series Working Papers with number 53.
Length: 23 pages
Date of creation: 05 Jun 2007
Date of revision:
discrete games; cost disease; capital-skill complementarity;
Find related papers by JEL classification:
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-06-11 (All new papers)
- NEP-EDU-2007-06-11 (Education)
- NEP-HRM-2007-06-11 (Human Capital & Human Resource Management)
- NEP-LAB-2007-06-11 (Labour Economics)
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