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Journal Article
Founding America's First Research University
Rhodes, Karl (2018-07)
Economic History article of: Founding America's First Research University{{p}} Johns Hopkins put American higher education on the path to world domination
Econ Focus , Issue 3Q , Pages 22-25

Working Paper
Who Values Access to College?
Ionescu, Felicia; Vidangos, Ivan; Neelakantan, Urvi; Athreya, Kartik B. (2019-03-07)
A first glance at US data suggests that college -- given its mean returns and sharply subsidized cost for all enrollees -- could be of great value to most. Using an empirically-disciplined human capital model that allows for variation in college readiness, we show otherwise. While the top decile of valuations is indeed large (40 percent of consumption), nearly half of high school completers place zero value on access to college. Subsidies to college currently flow to those already best positioned to succeed and least sensitive to them. Even modestly targeted alternatives may therefore improve ...
Finance and Economics Discussion Series , Paper 2019-015

Speech
The Cost of College
Harker, Patrick T. (2018-02-21)
Speaking at Saint Louis University in St. Louis, MO. President Harker speaks about the Cost of College.
Speech , Paper 149

Journal Article
Trends in Expenditures by US Colleges and Universities, 1987-2013
Hinrichs, Peter (2016-09)
This Economic Commentary studies trends in spending by US colleges and universities in broad expenditure categories between 1987 and 2013. The results reveal that spending per student has risen in most major spending categories. This is true for both public institutions and private institutions. However, spending has risen more dramatically in some categories than others. For example, research is one category that has witnessed among the highest spending growth, and in percentage terms, there has also been a large increase in student services spending.
Economic Commentary , Issue September

Working Paper
Predicting College Closures and Financial Distress
Kelchen, Robert; Ritter, Dubravka; Webber, Douglas A. (2025-01-06)
In this paper, we assemble the most comprehensive dataset to date on the characteristics of colleges and universities, including dates of operation, institutional setting, student body, staff, and finance data from 2002 to 2023. We provide an extensive description of what is known and unknown about closed colleges compared with institutions that did not close. Using this data, we first develop a series of predictive models of financial distress, utilizing factors like operational revenue/expense patterns, sources of revenue, metrics of liquidity and leverage, enrollment/staff patterns, and ...
Finance and Economics Discussion Series , Paper 2025-003

Speech
Creating An Economy That Works for All: Remarks at the Bunker Hill Community College 2023 Convocation
Collins, Susan M. (2023-08-31)
To build a vibrant, inclusive economy, we need the best ideas, energy, and participation from everyone. Community colleges play a critical role in this important work by providing affordable, accessible higher education and essential skill development – ultimately strengthening our economy and society.
Speech

Working Paper
Who Values Access to College?
Ionescu, Felicia; Vidangos, Ivan; Neelakantan, Urvi; Athreya, Kartik B. (2019-02-20)
At first glance, college appears to be of great value to most, given its mean returns and sharply subsidized tuition. An empirically-disciplined human capital model that allows for variation in college readiness suggests otherwise: Nearly half of high school completers place zero value on access to college. This renders blanket subsidies potentially inefficient. As proof of principle, we show that redirecting subsidies away from those who would nonetheless enroll--towards a stock index retirement fund for those who do not even when college is subsidized--increases ex-ante welfare by 1 percent ...
Working Paper , Paper 19-5

Working Paper
Predicting College Closures and Financial Distress
Kelchen, Robert; Ritter, Dubravka; Webber, Douglas A. (2024-12-02)
In this paper, we assemble the most comprehensive dataset to date on the characteristics of colleges and universities, including dates of operation, institutional setting, student body, staff, and finance data from 2002 to 2023. We provide an extensive description of what is known and unknown about closed colleges compared with institutions that did not close. Using this data, we first develop a series of predictive models of financial distress, utilizing factors like operational revenue/expense patterns, sources of revenue, metrics of liquidity and leverage, enrollment/staff patterns, and ...
Working Papers , Paper 24-20

Working Paper
Affirmative Action and Racial Segregation
Hinrichs, Peter (2016-12-23)
A number of states have recently prohibited the use of affirmative action in admissions to public universities statewide. A growing body of research suggests that these affirmative action bans reduce minority enrollment at selective colleges while leaving overall minority college enrollment rates unchanged. The effect of these bans on racial segregation across colleges has not yet been estimated directly and is theoretically ambiguous due to a U-shaped relationship between minority enrollment and college selectivity. This paper uses variation in the timing of affirmative action bans across ...
Working Papers (Old Series) , Paper 1636

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