ERIC Number: ED136691
Record Type: RIE
Publication Date: 1976-Sep-13
Reference Count: 0
Is the Productivity of Colleges Declining?
Witmer, David R.
The rate of return on the student's investment in college is the measure of productivity which relates the costs of resources expended in instruction to the values of benefits produced by instruction. Costs, which are concentrated in a brief span of years in early adulthood, and the stream of benefits, which is spread over most of the remainder of a lifetime, are combined in the computation of the internal rate of return. Rate of return computations address one of two issues. The first issue is the economic payoff realized by persons making individual investments in college education. It is concluded that productivity of American college education has not declined appreciably since 1969, and is not now declining; however, it is anticipated that it will decline in the near future and then recover and increase by the year 2000. (Author/MSE)
Publication Type: Speeches/Meeting Papers
Education Level: N/A
Authoring Institution: N/A
Note: Paper presented at the Third General Conference on Institutional Management in Higher Education, of the Organization for Economic Cooperation and Development (Paris, September 13, 1976).