ERIC Number: ED208762
Record Type: Non-Journal
Publication Date: 1981-Sep
Reference Count: N/A
Development of Higher Education Product-Value Indexes.
Rossi, Robert J.
To examine the relative attractiveness of program offerings for different types of higher education institutions and the relation of these offerings to the viability of the institutions, three data sources were used to derive eight composite indexes describing the market values of degrees awarded by colleges and universities. The indexes, termed Higher Education Product-Value Indexes (HEPVI), describe the program offerings and changes in program offerings over time for schools in six institutional sectors and 18 National Center for Higher Education Management Systems institutional classifications. Several of these measures are shown to be significantly correlated with the levels of distress experienced by higher education institutions in three of the six sectors. The principal data sources were the Higher Education General Information Survey (HEGIS), the "Occupational Outlook Handbook," published by the U.S. Department of Labor, and the annual surveys of starting salary offers made to recent graduates conducted by the College Placement Council. The eight indexes calculated for each institution were weighted by the proportion of degrees awarded by the institution at the various levels in each field. For research purposes, the HEPVI measures serve as first-approximation indicators allowing, for example, the examination of the relationship between program offerings at institutions and the financial health of these institutions. The HEPVI estimates are not suitable for evaluating or ranking individual institutions. Additional details and data relevant to the construction of the indexes are appended. (SW)
Descriptors: College Programs, Comparative Analysis, Degrees (Academic), Departments, Economic Factors, Education Work Relationship, Educational Benefits, Educational Finance, Employment Potential, Evaluation Criteria, Higher Education, Indexes, Institutional Characteristics, Majors (Students), Private Colleges, Program Evaluation, Retrenchment, Salaries, State Colleges, Trend Analysis, Two Year Colleges
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: N/A
Sponsor: National Center for Education Statistics (ED), Washington, DC.
Authoring Institution: American Institutes for Research in the Behavioral Sciences, Palo Alto, CA.