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The Public Role in Higher Education

Author

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  • Courant, Paul N.
  • McPherson, Michael
  • Resch, Alexandra M.

Abstract

Most students attending colleges and universities, in the U.S. and the rest of the world, attend public institutions. This is a bit of a puzzle for economists, as it is clear that higher education provides private benefits to those who acquire it. This paper evaluates a number of arguments for publicly provided and publicly supported (via both nonprofit provision and direct support of students) higher education. We find that the arguments for nonprofit provision, whether public or private, are powerful for most undergraduate education and for basic research. We suggest that there are strong equity reasons for public support of higher education for lower–income students, and that general public support may have good efficiency properties as well. We also show that the common system of tiers in public higher education, with flagship universities, regional campuses, and community colleges, is economically efficient under plausible assumptions.

Suggested Citation

  • Courant, Paul N. & McPherson, Michael & Resch, Alexandra M., 2006. "The Public Role in Higher Education," National Tax Journal, National Tax Association;National Tax Journal, vol. 59(2), pages 291-318, June.
    • Handle: RePEc:ntj:journl:v:59:y:2006:i:2:p:291-318
    DOI: 10.17310/ntj.2006.2.06
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    Citations

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    Cited by:

    1. Sallee James M & Resch Alexandra M & Courant Paul N, 2008. "On the Optimal Allocation of Students and Resources in a System of Higher Education," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-26, June.
    2. John Bound & Sarah Turner, 2007. "Understanding the Increased Time to the Baccalaureate Degree," Discussion Papers 06-043, Stanford Institute for Economic Policy Research.
    3. Nicholas Lawson, 2014. "Liquidity Constraints, Fiscal Externalities and Optimal Tuition Subsidies Optimal College Tuition Subsidies," AMSE Working Papers 1404, Aix-Marseille School of Economics, France, revised 18 Mar 2014.
    4. Nicholas Lawson, 2017. "Liquidity Constraints, Fiscal Externalities, and Optimal Tuition Subsidies," American Economic Journal: Economic Policy, American Economic Association, vol. 9(4), pages 313-343, November.
    5. Cook, Emily E. & Turner, Sarah, 2022. "Progressivity of pricing at US public universities," Economics of Education Review, Elsevier, vol. 88(C).
    6. John Bound & Brad Hershbein & Bridget Terry Long, 2009. "Playing the Admissions Game: Student Reactions to Increasing College Competition," Journal of Economic Perspectives, American Economic Association, vol. 23(4), pages 119-146, Fall.
    7. Howard Chernick, 2010. "Redistribution at the State and Local Level: Consequences for Economic Growth," Public Finance Review, , vol. 38(4), pages 409-449, July.
    8. Charles Scott & Nancy Williams & Frederick Derrick, 2015. "Public State Subsidy of Private Higher Ed Institutions: Does It Pay for Itself in Maryland?," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 43(3), pages 337-348, September.

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