ERIC Number: ED230083
Record Type: Non-Journal
Publication Date: 1983-Jul
Reference Count: N/A
Inflation Measures for Schools and Colleges.
Halstead, D. Kent
Specialized price indexes and supporting price data for elementary, secondary, and higher education institutions are presented. The indexes can be used to deflate revenues and expenditures to obtain dollars of constant purchasing power. The School Price Index (SPI), a new index for fiscal years 1975-1982, prices the goods and services purchased by elementary-secondary schools for their current expenses. The Higher Education Price Index (HEPI), which covers 1961-1982, measures changes in the prices of goods and services purchased by colleges and universities, excluding research. Items priced by the SPI and the HEPI include: teaching, administrative, clerical, and other staff; contracted services; supplies and equipment; books and periodicals; and utilities. A Research and Development Price Index prices current direct expenditures by universities for sponsored research and development, excluding expenditures for expensive scientific equipment. In addition, attention is directed to: the need for specialized indexes for education and their uses; the theory and computation of price indexes; historical effects of inflation; college physical plant additions price indexes, student tuition price indexes for 1961-1982; and economies of scale and marginal costs analysis. (SW)
Descriptors: Cost Indexes, Economic Change, Elementary Secondary Education, Expenditures, Facility Expansion, Higher Education, Inflation (Economics), Operating Expenses, Research, Salaries, Tuition
Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Authoring Institution: National Inst. of Education (ED), Washington, DC. Educational Policy and Organization Program.