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ERIC Number: ED217776
Record Type: RIE
Publication Date: 1981-Dec
Pages: 15
Abstractor: N/A
Reference Count: 0
The Economic Impact of Independent Colleges and Universities on Massachusetts in 1979-80 and 1980-81.
Olson, Lawrence
Data on enrollment on the economic impact of independent colleges in Massachusetts are presented for 1979-1980 and 1980-1981. Enrollment in the 80 Massachusetts independent colleges and universities represented about 55 percent of the total state higher education enrollment in both 1980 and 1981. These 80 schools contributed $3.6 billion to state personal income and 177,000 nonagricultural jobs in 1981 through both direct and indirect effects. In addition, an employment-based Massachusetts econometric model developed by Data Resources, Inc., also estimated a 10,000 worker (1980-1981) decline in total employment in the state in the absence of independent higher education, as compared with a 10,000 worker rise with the schools. The Massachusetts independent schools paid $1.1 billion to 85,000 employees and spent $1.1 billion on goods and services in 1981. An additional $97 million was spent on capital expenditures. The existence of these 80 schools also meant a saving of $242 million in taxes for the citizens of Massachusetts. Approximately 44,000 students in 1981 would have sought places in the public college and university system if the independent schools had not been available, and most of the remaining 185,000 students in the independent schools would have attended college in another state. (Author/SW)
Data Resources, Inc., 1750 K Street, N.W., Washington, DC 20006.
Publication Type: Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Data Resources, Inc., Washington, DC.
Identifiers: Economic Impact; Massachusetts