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ERIC Number: ED108557
Record Type: Non-Journal
Publication Date: 1975-Mar-13
Pages: 16
Abstractor: N/A
Reference Count: N/A
The Effects of Inflation/Recession on Higher Education.
Bowen, William G.
This document discusses the effects of inflation on colleges and universities. It attempts to explain the basic nature of the current financial problem so that more informed policy decisions can be made. The document discusses the effect of inflation on costs and the effects of inflation/recession on revenues. Chart 1 indicated the Halstead Higher Education Price Index has risen at an appreciably faster rate over the last 10 years (about 5.3 percent per year, on the average) than either the Consumer Price Index (about 3.6 percent per year) or the Gross National Product Deflator (about 3.5 percent per year). This pattern is consistent with the long-term tendency for the cost of education to rise more rapidly than prices in general--a phenomenon due principally to the labor-intensive nature of higher education and the greater difficulty in achieving productivity gains in education than in the economy generally. (Author/KE)
Publication Type: Speeches/Meeting Papers
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A