Explaining Increases in Higher Education Costs
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.
|Date of creation:||04 Sep 2006|
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- Robert B. Archibald & David H. Feldman, 2004.
"State Higher Education Spending and the Tax Revolt,"
10, Department of Economics, College of William and Mary.
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- Thomas Lemieux, 2006.
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NBER Working Papers
12077, National Bureau of Economic Research, Inc.
- Thomas Lemieux, 2006. "Postsecondary Education and Increasing Wage Inequality," American Economic Review, American Economic Association, vol. 96(2), pages 195-199, May.
- Baumol, William J, 1972. "Macroeconomics of Unbalanced Growth: Reply," American Economic Review, American Economic Association, vol. 62(1), pages 150, March.
- Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72, pages 584.
- repec:tpr:qjecon:v:107:y:1992:i:1:p:1-34 is not listed on IDEAS
- Claudia Goldin & Robert A. Margo, 1991.
"The Great Compression: The Wage Structure in the United States at Mid- Century,"
NBER Working Papers
3817, National Bureau of Economic Research, Inc.
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