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ERIC Number: ED481469
Record Type: Non-Journal
Publication Date: 2003-Mar-31
Pages: 103
Abstractor: N/A
Reference Count: N/A
The Socioeconomic Benefits Generated by 14 Community College Districts in Oklahoma. Executive Summary [and] Volume 1: Main Report [and] Volume 2: Detailed Results.
Christophersen, Kjell A.; Robison, M. Henry
This document contains and executive summary, main report, and detailed results by entry level of education, gender and ethnicity. The parts of this document examine the ways in which the State of Oklahoma economy benefits from the presence of the 14 community college districts in the state. The colleges serve an unduplicated headcount of 106,201 students. The Oklahoma community colleges employed 3,601 full-time and 4,171 part-time faculty and staff in fiscal year 2002, amounting to a total annual payroll of some $200.4 million. The existence of the community college districts in Oklahoma explains an additional $2.6 billion in wages and salaries off-campus. The CC districts pay wages and salaries, which generate additional incomes as they are spent. Likewise, the aggregate college operating and capital expenditures generate still further earnings. Altogether, these earnings account for $2.8 billion annually in the State of Oklahoma economy (equal to that of 95,915 jobs). Taxpayers see a real money "book" return of 14.9% of their annual investments in the community colleges, and recover all investments in 8.8 years. Students benefit from an annual return of 23% on their investment of time and money. The study also quantifies the effects of CCs on reduction of crime and welfare and unemployment. An explanation of methodology is also included. Appended in the main report are: Explaining the Results--A Primer; Methodology for Creating Income Gains by Levels of Education; and Adjusting for the Benefits Available Absent State and Local Government Support. (Contains 41 references and numerous tables and figures.) (NB)
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Oklahoma State Regents for Higher Education, Oklahoma City.
Identifiers - Location: Oklahoma