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Saving, Wealth, Performance, and Revenues in US Colleges and Universities

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  • Gordon C. Winston
  • Jared C. Carbone
  • Laurie C. Hurshman

Abstract

Data on institutional saving in US higher education have not been available until now yet they are useful in several ways. They describe how various types of schools are doing financially, and whether their present behavior is sustainable. They complete the picture of sources and uses of revenue for institutions of higher learning, which allows us to pin down the degree to which the charitable mission of these schools is responsible for their income. They describe a limit to aggressive price reductions. And they allow for some projections of what the economic structure of higher education will look like in the future. Financial data for U.S. higher education institutions from the U.S. Department of Education's Integrated Postsecondary Education Data System (IPEDS) are used to compute savings rates for 2109 institutions in 1995-6, and for 1581 institutions for a panel of the years 1986-7, 1990-1, and 1995-6. These data are available as Excel or Stata files.

Suggested Citation

  • 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.
    • Handle: RePEc:wil:wilehe:59
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    References listed on IDEAS

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    1. Caroline M. Hoxby & Bridget Terry, 1999. "Explaining Rising Income and wage Inequality Among the College Educated," NBER Working Papers 6873, National Bureau of Economic Research, Inc.
    2. Winston, G.C. & Zimmerman, D.J., 2000. "Where is Aggressive Price Competition Taking Higher Education?," Williams Project on the Economics of Higher Education DP-56, Department of Economics, Williams College.
    3. Ethan G. Lewis & Gordon C. Winston, 1997. "Subsidies, Costs, Tuition and Aid in US Higher Education," Williams Project on the Economics of Higher Education DP-41, Department of Economics, Williams College.
    4. Gordon C. Winston & Valerie Weber, 1994. "The Economic Performance of Williams, Amherst, Swarthmore and Wellesley 1988-9 to 1992-3: A Global Comparison," Williams Project on the Economics of Higher Education DP-28, Department of Economics, Williams College.
    5. Winston, Gordon C., 1997. "College Costs: Subsidies, Intuition, and Policy," Williams Project on the Economics of Higher Education DP-45, Department of Economics, Williams College.
    6. 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.
    7. Gordon C. Winston, 1999. "Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education," Journal of Economic Perspectives, American Economic Association, vol. 13(1), pages 13-36, Winter.
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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.

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    Keywords

    saving; wealth;

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