Colleges and universities face a principal-agent problem. There are information asymmetries over the actions chosen by administrators. Because non-profit constraints limit the financial stake of trustees there may be insufficient monitoring of administrators and, consequentially, shirking. It is conceivable that faculty will serve as "delegated…

Public school teachers earn more money, and possess more of the characteristics valued in the teaching market, than do private school teachers. Organizational and ownership structure of schools appears to make a difference in teacher salaries. Profit-making schools are among the lowest paying, second only to parochial schools. (Author/MD)

If productivity and earnings are not found to result from education, then an alternative theory could be that employers use education as a screening device to select employees. Employing the decomposition technique to compare income for self-employed and private sector employees, evidence is presented that rejects the screenist theory. (Author/MD)

A simple approach to cost-benefit analysis of industrial training is presented that uses easily obtainable data. Results regarding the social rate of return to company training suggest a shift of resources from individuals to companies. Comparisons between returns to company training and to institutional training are also presented. (MD)

Outlines Northeast Missouri State University's Value-Added Student Assessment Program, which determines the value added to students as they progress through the educational system. The program has been functioning for over a decade and affects nearly every aspect of the university. (MD)

The relationship between the age of persons who are members of two academic finance associations and their publications shows that the peak of productivity was reached by the 36- to 40-year-old group and declined by about half for the 56- to 60-year-old group. (Author/MLF)

Municipal overburden hypothesizes a causal relationship between high levels of nonschool municipal expenditure (due to high population density, aged housing stock, and other demographic factors) and low school spending levels. This article disproves the hypothesis by estimating demand for education expenditures using a median voter model. Includes…

Explains the United Kingdom's educational finance system and summarizes research into educational costs and resources at the individual school level, including the Loughborough research projects in the four Local Education Authority areas. Statistical investigations show that inequalities in funding and resource allocation need to be addressed.…

Compares public and private sector recruitment behavior in Malaysia, focusing on employers' perspectives of higher education's functions. The public sector values academic records, whereas private industry seeks workers with experience and good affective skills. Both sectors want universities to produce graduates with problem-solving abilities.…

Presents a model of school enrollment determinants that incorporates public decisions about the supply of schools and tests the model with 1970 Brazilian census data. Results show that enrollment rates are affected more strongly by demand-variables (information access and demand for children's labor) than by public supply decisions. Includes 4…

Examines determinants of tuition at American private colleges using 1982-83 data. Hedonic regression analysis involving over 20 quality measures shows that private college tuition responds in economically sensible ways to changes in public tuition and in quantity and quality of the faculties, facilities, and student bodies at private colleges.…

Following a brief critical review of the federally sponsored student loan system, this paper develops fundamental principles for overhauling the system and creating an Educational Credit Trust. This federally chartered corporation would determine lender eligibility requirements, monitor lenders' financial performance, and sanction student loan…

Using logarithmic and statistical data, this study analyzes teacher quality as a determinant of student performance on standardized tests. The most startling finding: a 1 percent increase in teacher competency, as measured by standardiazed test scores, is accompanied by a 5 percent decline in student failure rate on high school competency…

Little has been done to understand how student demographics shape school employment practices. Using statistical data on Black, Hispanic, and Anglo teachers employed in California public schools, this study concludes that minority student growth rates, interacting with school segregation, are significant predictors of minority teacher employment…

After reviewing related research, this paper uses National Longitudinal Survey data to examine the impact of college students' in-school work on their employment and earnings after college. Empirical evidence suggests that part-time on-campus work (up to 27.5 hours weekly) positively affects post-college earnings, but not employment. (12…