State Higher Education Spending and the Tax Revolt

Public effort in support of higher education – measured as state funding per thousand dollars of personal income – has declined by thirty percent since the late 1970s. During this time period many states implemented Tax and Expenditure Limits and/or supermajority requirements for tax increases. We use a forty-eight state panel from 1961 to 2001 to evaluate the effect of these tax revolt institutions for state effort on behalf of higher education. These provisions have a statistically significant and economically large impact on the timing and magnitude of this decline in state effort. An understanding of the fiscal environment caused by these provisions is critical for the future of state-supported higher education.State higher education spending, tax revolt, Tax and Expenditure Limits

Review of Recent Searches for Rare and Forbidden Dilepton Decays of Charmed Mesons

I briefly review the results of recent searches for flavor-changing neutral current and lepton-flavor and lepton-number violating decays of D+, Ds, and D0 mesons (and their antiparticles) into modes containing muons and electrons. The primary focus is the results from Fermilab charm hadroproduction experiment E791. E791 examined 24 pi,l,l and K,l,l decay modes of D+ and Ds and l+l- decay modes of D0. Limits presented by E791 for 22 rare and forbidden dilepton decays of D mesons were more stringent than those obtained from previous searches, or else were the first reported.Comment: 8 pages, 1 figure, uses psfig.sty and RevTeX, submitted to Modern Physics Letters A, based on a Fermilab "Joint Theoretical and Experimental" tal

Federal Financial Aid Policy and College Behavior

This monograph by Robert B. Archibald and David H. Feldman finds little evidence that increases in federal financial aid drive up college tuition, and that institutions rarely rely on federal aid as a rationale to give out less of their own institutional aid. The authors use the so-called Bennett Hypothesis as the launching pad for their analysis. First advanced by William Bennett, secretary of education in the Reagan administration, the theory suggests that the availability of federal student loans, particularly subsidized loans, provides “cover” for institutions to raise tuition because students can offset any price increase with these loans. However, they find no evidence for this link for most institutions

The Landscape of the College Cost Debate

This chapter introduces the subject matter and the mode of analysis in the book. This chapter explains why costs and prices are quite different at colleges and universities. The way one thinks about changes in college costs and college prices depends on where one sits. In particular, a close-up view focused exclusively on colleges and universities will lead to quite different conclusions than an aerial view that places colleges and universities in a broader economy-wide perspective. This chapter explains why the book adopts the aerial view rather than a close-up view. The chapter ends with a preview of the results in the remainder of the book, emphasizing the critical role of technological progress. The pace of technological progress and the type of technological progress have significant influences on college costs and prices.https://scholarworks.wm.edu/librariesbookchapters/1006/thumbnail.jp

The Anatomy of College Tuition

A report by Robert B. Archibald and David H. Feldman based on their book, Why Does College Cost So Much? explores an economic framework for the forces driving college tuition

Does Federal Aid Drive College Tuition?

The “greedy colleges” thesis conflicts with how nonprofit universities decide on admissions and pricing

A Quality-Preserving Increase in Four-Year College Attendance

We use the National Longitudinal Study of the High School Class of 1972 and the Education Longitudinal Study of 2002 data sets to evaluate changes in the college matching process. Rising attendance rates at 4-year institutions have not decreased average preparedness of college goers or of college graduates, and further attendance gains are possible before diminishing returns set in. We use multinomial logic models to demonstrate that measures of likely success (grade point average) became more predictive of college attendance over time, while other student characteristics such as race and parents’ education became less predictive. Our evidence suggests that schools have become better at sorting while students have efficiently responded to changes in the return to higher education