Research Catalog

Title

Paying the piper : productivity, incentives, and financing in U.S. higher education / Michael S. McPherson, Morton Owen Schapiro, and Gordon C. Winston.

Author

McPherson, Michael S.

Publication

Ann Arbor : University of Michigan Press, ©1993.

Items in the Library & Off-site

Details

Additional Authors

• Schapiro, Morton Owen.
• Winston, Gordon C.

Description

vi, 335 pages : illustrations; 24 cm.

Summary

• Rising tuitions and shrinking government budgets have pushed questions about productivity and resource use in U.S. higher education to the fore. In PAYING THE PIPER three distinguished researchers examine the many successes of U.S. higher education, identify real problems, and carefully analyze potential solutions. Among the questions addressed are: On what do colleges and universities spend their money and how have their spending patterns changed over time; what does "quality" really mean in higher education and how is it related to price and cost; what are appropriate measures of "productivity"; and does increasing the amount of federal financial aid encourage colleges to raise their tuitions?
• The essays comprising this volume demonstrate that the application of basic economic principles and a combination of both descriptive and econometric analyses can illuminate a number of issues. Using economic concepts and tools to provide insight into these pressing questions, PAYING THE PIPER helps us to understand the recent past, anticipate the future, and develop policies that can influence the future.

Series Statement

The Economics of education

Uniform Title

Economics of education

Subject

• Education, Higher > United States > Finance
• Student aid > United States
• Universities and colleges > United States > Administration
• Economie de l'éducation
• Enseignement supérieur
• Financement de l'éducation
• Education, Higher > Finance
• Student aid
• Universities and colleges > Administration
• Finanzierung
• Hochschule
• Hochschulökonomie
• Höheres Bildungswesen
• financement > haute école > Etats-Unis > études diverses
• aide financière > étudiant > Etats-Unis > études diverses
• Etats-Unis d'Amérique
• United States
• USA
• USA

Bibliography (note)

• Includes bibliographical references and index.

Contents

• pt. 1. Background. Introduction / Michael S. McPherson, Morton Owen Schapiro, and Gordon C. Winston -- Trends in revenues and expenditures in U.S. higher education : where does the money come from? where does it go? / Scott W. Blasdell, Michael S. McPherson, and Morton Owen Schapiro -- pt. 2. Productivity and organization. The concept of productivity as applied to U.S. higher education / Morton Owen Schapiro -- The economics of cost, price, and quality in U.S. higher education / Michael S. McPherson and Gordon C. Winston -- The economics of academic tenure : a relational perspective / Michael S. McPherson and Gordon C. Winston -- pt. 3. Student finance. How can we tell if federal student aid is working? / Michael S. McPherson -- Federal student aid policy : can we learn from experience? / Michael S. McPherson -- Measuring the effects of federal student aid : an assessment of some methodological and empirical problems / Michael S. McPherson and Morton Owen Schapiro -- Robin Hood in the forests of academe / Gordon C. Winston.
• pt. 4. Institutional finance. The effect of government financing on the behavior of colleges and universities / Michael S. McPherson and Morton Owen Schapiro -- Total college income : an economic overview of Williams College 1956-57 to 1986-87 / Gordon C. Winston -- The necessary revolution in financial accounting / Gordon C. Winston -- Why are capital costs ignored by nonprofit organizations and what are the prospects for change? / Gordon C. Winston -- pt. 5. Conclusion. The next frontier in higher education economics / Michael S. McPherson, Morton Owen Schapiro, and Gordon C. Winston.

ISBN

• 0472104047
• 9780472104048

LCCN

• 93033322
• ZBWT00773155

OCLC

• ocm28891631
• 28891631
• SCSB-8903824

Owning Institutions

Princeton University Library