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Explaining Increases in Higher Education Costs

Author

Listed:
  • Robert B. Archibald

    () (Department of Economics, College of William and Mary)

  • David H. Feldman

    () (Department of Economics, College of William and Mary)

Abstract

This paper presents new evidence on the conflict between two competing explanations of the increase in college costs, the cost disease theory of William Baumol and William Bowen and the revenue theory of cost of Howard Bowen. Using cross section data, the paper demonstrates that the cost disease explanation dominates.

Suggested Citation

  • Robert B. Archibald & David H. Feldman, 2006. "Explaining Increases in Higher Education Costs," Working Papers 42, Department of Economics, College of William and Mary.
  • Handle: RePEc:cwm:wpaper:42
    as

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    File URL: http://economics.wm.edu/wp/cwm_wp42.pdf
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    References listed on IDEAS

    as
    1. Claudia Goldin & Robert A. Margo, 1992. "The Great Compression: The Wage Structure in the United States at Mid-Century," The Quarterly Journal of Economics, Oxford University Press, vol. 107(1), pages 1-34.
    2. repec:hrv:faseco:30703979 is not listed on IDEAS
    3. Baumol, William J, 1972. "Macroeconomics of Unbalanced Growth: Reply," American Economic Review, American Economic Association, vol. 62(1), pages 150-150, March.
    4. Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72, pages 584-584.
    5. Thomas Lemieux, 2006. "Postsecondary Education and Increasing Wage Inequality," American Economic Review, American Economic Association, vol. 96(2), pages 195-199, May.
    6. Robert B. Archibald & David H. Feldman, 2004. "State Higher Education Spending and the Tax Revolt," Working Papers 10, Department of Economics, College of William and Mary.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Agasisti, Tommaso & Barra, Cristian & Zotti, Roberto, 2016. "Evaluating the efficiency of Italian public universities (2008–2011) in presence of (unobserved) heterogeneity," Socio-Economic Planning Sciences, Elsevier, vol. 55(C), pages 47-58.
    2. Calogero Guccio & Marco Ferdinando Martorana & Isidoro Mazza, 2016. "Efficiency assessment and convergence in teaching and research in Italian public universities," Scientometrics, Springer;Akadémiai Kiadó, vol. 107(3), pages 1063-1094, June.

    More about this item

    Keywords

    Higher education costs; cost disease; revenue theory of cost;

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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