ERIC Number: ED482390
Record Type: RIE
Publication Date: 2003-Jan-15
Econometric Studies of Higher Education.
Ehrenberg, Ronald G.
The econometrics of higher education emerged from the development of human capital theory and efforts to estimate rates of return to education in the 1960s and 1970s. This paper surveys the various strands of the literature on the econometrics of higher education that have developed during the last 40 years and indicates how a collection of papers fits into this literature. It also discusses: the estimation of rates of return to higher education; determinants of college enrollment, college graduation, and choice of major; studies of the academic labor market; studies relating to models of university behavior; and studies relating to higher education as an industry and higher education governance. The paper stresses that the central econometric problem faced by higher education researchers who employ individual-level data is that of selection. Similarly, the central econometric problem faced by researchers who use market-level data is the difficulty of disentangling demand and supply shocks. Much of the challenge that empirical higher education researchers face is attempting to satisfactorily resolve these problems. (Contains 174 references.) (SM)
Publication Type: Information Analyses; Reports - Descriptive
Education Level: N/A
Sponsor: Andrew W. Mellon Foundation, New York, NY.
Authoring Institution: N/A
Note: Prepared by Cornell Higher Education Research Institute, Cornell University. Support also provided by Atlantic Philanthropies.