Colleges and universities face a principal-agent problem. There are information asymmetries over the actions chosen by administrators. Because non-profit constraints limit the financial stake of trustees there may be insufficient monitoring of administrators and, consequentially, shirking. It is conceivable that faculty will serve as "delegated…

Municipal overburden hypothesizes a causal relationship between high levels of nonschool municipal expenditure (due to high population density, aged housing stock, and other demographic factors) and low school spending levels. This article disproves the hypothesis by estimating demand for education expenditures using a median voter model. Includes…

Explains the United Kingdom's educational finance system and summarizes research into educational costs and resources at the individual school level, including the Loughborough research projects in the four Local Education Authority areas. Statistical investigations show that inequalities in funding and resource allocation need to be addressed.…

Compares public and private sector recruitment behavior in Malaysia, focusing on employers' perspectives of higher education's functions. The public sector values academic records, whereas private industry seeks workers with experience and good affective skills. Both sectors want universities to produce graduates with problem-solving abilities.…

Presents a model of school enrollment determinants that incorporates public decisions about the supply of schools and tests the model with 1970 Brazilian census data. Results show that enrollment rates are affected more strongly by demand-variables (information access and demand for children's labor) than by public supply decisions. Includes 4…

Examines determinants of tuition at American private colleges using 1982-83 data. Hedonic regression analysis involving over 20 quality measures shows that private college tuition responds in economically sensible ways to changes in public tuition and in quantity and quality of the faculties, facilities, and student bodies at private colleges.…

Following a brief critical review of the federally sponsored student loan system, this paper develops fundamental principles for overhauling the system and creating an Educational Credit Trust. This federally chartered corporation would determine lender eligibility requirements, monitor lenders' financial performance, and sanction student loan…

Using logarithmic and statistical data, this study analyzes teacher quality as a determinant of student performance on standardized tests. The most startling finding: a 1 percent increase in teacher competency, as measured by standardiazed test scores, is accompanied by a 5 percent decline in student failure rate on high school competency…

Little has been done to understand how student demographics shape school employment practices. Using statistical data on Black, Hispanic, and Anglo teachers employed in California public schools, this study concludes that minority student growth rates, interacting with school segregation, are significant predictors of minority teacher employment…

After reviewing related research, this paper uses National Longitudinal Survey data to examine the impact of college students' in-school work on their employment and earnings after college. Empirical evidence suggests that part-time on-campus work (up to 27.5 hours weekly) positively affects post-college earnings, but not employment. (12…

Using High School and Beyond longitudinal data for 1980, this paper shows that government subsidized student aid substantially improved access to higher education for low income individuals. The analysis also shows that wealth neutrality (equal probability of college attendance across all incomes) was not achieved. (10 references) (MLH)

Identifies higher education subsidy concerns and evalutates two papers on student financial assistance in this "Economics of Education Review" issue. Faults Ehrenberg and Luzadis for not addressing the Social Security Student Benefit Progam's effect on college attendance decisions and wealth neutrality. Criticizes Schwartz's paper for…

Treats state government budget control problems, asserting that traditional administrative controls unduly restrict university flexibility in dealing with a competitive marketplace. After analyzing incentives, evaluating budget controls, and explaining budget officers' resistance to experimentation, this paper proposes a reform program based on…

Higher education benefits from several United States tax law provisions, including deductibility of charitable contributions. Recent tax reform proposals could increase would-be donors' net cost by reducing tax incentives. This paper links lower tax rates to a significant future reduction in educational philanthropy. (18 references) (MLH)

Public school teachers earn more money, and possess more of the characteristics valued in the teaching market, than do private school teachers. Organizational and ownership structure of schools appears to make a difference in teacher salaries. Profit-making schools are among the lowest paying, second only to parochial schools. (Author/MD)