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Financial Stress and Health Considerations: A Tradeoff in the Reopening Decisions of U.S. Liberal Arts Colleges During The COVID-19 Pandemic

Author

Listed:
  • Jonah Tobin

    (Williams College)

  • Oliver Hall

    (Williams College)

  • Jacob Lazris

    (Williams College)

  • David Zimmerman

    (Williams College)

Abstract

This paper presents empirical evidence on factors influencing choices made by members of the Annapolis Group of Liberal Arts colleges regarding whether to operate primarily in person, primarily online or some flexible alternative during the COVID-19 pandemic of 2020. Binary and multinomial choice model estimates suggest that conditional upon the prevailing level of COVID-19 in their county, financially distressed colleges were about 20 percentage points more likely to opt for primarily in-person operations than less financially distressed colleges. These choices highlight an important potential tradeoff between public health and financial concerns present in the higher education sector.

Suggested Citation

  • Jonah Tobin & Oliver Hall & Jacob Lazris & David Zimmerman, 2021. "Financial Stress and Health Considerations: A Tradeoff in the Reopening Decisions of U.S. Liberal Arts Colleges During The COVID-19 Pandemic," Department of Economics Working Papers 2021-06, Department of Economics, Williams College.
    • Handle: RePEc:wil:wileco:2021-06
    DOI: 10.36934/wecon:2021-06
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    References listed on IDEAS

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    1. Daniel A. Collier & Dan Fitzpatrick & Madison Dell & Samuel S. Snideman & Christopher R. Marsicano & Robert Kelchen & Kevin E. Wells, 2022. "We Want You Back: Uncovering the Effects on In-Person Instructional Operations in Fall 2020," Research in Higher Education, Springer;Association for Institutional Research, vol. 63(5), pages 741-767, August.
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    More about this item

    Keywords

    COVID-19; college reopenings; financial stress; public health;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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