Productivity in Higher Education

Caroline M. Hoxby, Kevin Stange, Caroline M. Hoxby, Kevin Stange

• Publisher: University of Chicago Press
• Year: 2020
• Print ISBN:
  9780226574585
• eBook ISBN:
  9780226574615
• Topic: Business
• Subtopic: Business General
• Index: Business

How do the benefits of higher education compare with its costs, and how does this comparison vary across individuals and institutions? These questions are fundamental to quantifying the productivity of the education sector. The studies in Productivity in Higher Education use rich and novel administrative data, modern econometric methods, and careful institutional analysis to explore productivity issues. The authors examine the returns to undergraduate education, differences in costs by major, the productivity of for-profit schools, the productivity of various types of faculty and of outcomes, the effects of online education on the higher education market, and the ways in which the productivity of different institutions responds to market forces. The analyses recognize five key challenges to assessing productivity in higher education: the potential for multiple student outcomes in terms of skills, earnings, invention, and employment; the fact that colleges and universities are "multiproduct" firms that conduct varied activities across many domains; the fact that students select which school to attend based in part on their aptitude; the difficulty of attributing outcomes to individual institutions when students attend more than one; and the possibility that some of the benefits of higher education may arise from the system as a whole rather than from a single institution. The findings and the approaches illustrated can facilitate decision-making processes in higher education.

Table of contents

• Cover
• Copyright
• Title Page
• National Bureau of Economic Research
• Relation of the Directors to the Work and Publications of the National Bureau of Economic Research
• Contents
• Acknowledgments
• Introduction
• 1. What Health Care Teaches Us about Measuring Productivity in Higher Education
• 2. The Productivity of US Postsecondary Institutions
• 3. Labor Market Outcomes and Postsecondary Accountability: Are Imperfect Metrics Better Than None?
• 4. Learning and Earning: An Approximation to College Value Added in Two Dimensions
• 5. The Costs of and Net Returns to College Major
• 6. Faculty Deployment in Research Universities
• 7. Measuring Instructor Effectiveness in Higher Education
• 8. The Competitive Effects of Online Education
• 9. Estimating the Productivity of Community Colleges in Paving the Road to Four-Year College Success
• Notes
• Contributors
• Author Index
• Subject Index