ERIC Number: ED116582
Record Type: RIE
Publication Date: 1975
Reference Count: N/A
Demand and Supply in U.S. Higher Education.
Radner, Roy; And Others
At a time when planning becomes more and more essential for American colleges and universities, precise and accurate information about them becomes critical. This document reports on some sophisticated statistical measurements of certain aspects of the supply and demand for students, places for them to attend college, and faculty members to teach them. Models are constructed to demonstrate the application of their procedures to the econometric analysis of: (1) the demand for freshman places by potential students as a function of costs of attendance, student family income, student academic ability, and other traits; (2) the relationship between student-faculty ratios and institutional characteristics; and (3) the stocks of educated persons, by age, sex, highest degree, and field of specialization. Presented to illustrate the use of qualitative models for policy making are: (1) alternative forecasts of the demand for new Ph.D.'s on college faculties; (2) estimates of human financial resources requirements of alternative programs to provide two years of college for everyone; and (3) estimates of the impact on higher education of significant compensatory education programs in primary and secondary schools. This analysis demonstrates not only that rather widely differing results can be obtained, but also that a number of different assumptions are quite plausible in attacking problems of estimating future developments in higher education. (Author/KE)
Descriptors: Academic Ability, College Environment, Educational Demand, Educational Economics, Educational Supply, Family Income, Higher Education, Input Output Analysis, Labor Utilization, Models, Postsecondary Education, Statistical Analysis, Student Characteristics, Student Costs, Trend Analysis
McGraw Hill Book Company, 1221 Avenue of the Americas, New York, New York 10020 ($19.95)
Publication Type: Books
Education Level: N/A
Sponsor: National Science Foundation, Washington, DC.; Ford Foundation, New York, NY.
Authoring Institution: Carnegie Commission on Higher Education , Berkeley, CA.
Note: For related document, see HE 007 087