Jon Marcus has an excellent story in Money on how for-profit higher education is responding to a slew of bad press and government regulations over the past few years. I spoke with Marcus on the topic and he quotes me in the article.
In a recent essay for the Manhattan Institute's Minding the Campus, I explain why mandating universities to spend a fixed portion of their endowments is a bad idea.
My joint paper with Richard Vedder "Public policy, higher education and income inequality in the United States: Have we reach diminishing returns," which was recently published in the journal Social Philosophy & Policy, has been getting some national press. It was recently cited in articles appearing in Newsweek and National Review.
In an essay published by the Manhattan Institute's Minding the Campus, I discuss the costs of regulating higher education. I estimate that colleges spent around $25 billion in 2013-14 to comply with federal regulations. To put this figure in perspective, this amounts to around for every student enrolled and the total cost burden is roughly the size of Vermont's economy.
#Regulations #VanderbiltRegulatoryCompliance #HigherEducationPolicy #CollegeCosts
I recently spoke to Charlottesville Right Now host Les Sinclair about how recent proposals intended to address rising student debt do not address the root of the problem, which is that government entry into the student loan business has driven up the costs of college.
Here is a link to the podcast.
#CollegeCosts #StudentLoans #StudentLoanPolicy #Talkradio #BennettHypothesis
In a paper recently published by the journal Social Philosophy & Policy, Richard Vedder and I examine the link between higher education and income inequality. We find evidence that greater tertiary attainment rates was generally associated with less income inequality between 1970 and 1990, but rapid increases in attainment since then may have acted to drive up income inequality in the U.S. One of the arguments in favor of government financing of higher education is to increase economic mobility and lower income inequality, but the evidence uncovered in this study suggests that policymakers should question whether their intentions, while well-meaning, are consistent with the observed outcomes.
Download the paper here.
#highereducation #inequality #publicpolicy #studentaid #unintendedconsequences
In my latest essay for Minding the Campus, I discuss how university incentives hinder the ability of faculty members to take students under their wings as mentees, and now government policy can lead to unintended consequences.
Assistant Professor of Economics at Patrick Henry College.