ERIC Number: ED482447
Record Type: RIE
Publication Date: 2003-Mar-25
Reference Count: N/A
Financing Higher Education Institutions in the 21st Century.
Ehrenberg, Ronald G.
This paper discusses the growing resource imbalance that is emerging between public and private institutions of higher education and the growing inequality of resources that is occurring within the public and private sectors. It illustrates implications of some of these changes for patterns of faculty compensation and faculty turnover observed across academic institutions. The paper looks at the growing importance of scientific research to universities and the growing costs that universities are incurring for this research, noting that the enormous costs of scientific research are increasingly being borne by the institutions themselves, and institutions need to understand who actually bears the burden of these costs. The paper suggests that although institutions are increasingly hoping to generate revenue to support their research through the commercialization of faculty members' research findings, very few institutions are generating substantial funding from commercialization activities. It concludes with speculations about the directions in which the U.S. higher education system will evolve over the next few decades and discusses potentially major financial issues facing academic institutions in the future. (Contains 23 references.) (SM)
Publication Type: Reports - Descriptive; Speeches/Meeting Papers
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. Paper presented at the Annual Meeting of the American Educational Finance Association (Orlando, FL, March 29, 2003).