Evidence is presented of the extent to which libraries from around the world are experiencing financial hardship as a result of the world-wide economic downturn. Comparative analyses are provides on the grounds of country, sector and size of institution. The article concentrates on the situation of UK and US university libraries and is based on…

In this paper we examine how business cycles affect labor market outcomes in the United States. We conduct a detailed analysis of how cycles affect outcomes differentially across persons of differing age, education, race, and gender, and we compare the cyclical sensitivity during the Great Recession to that in the early 1980s recession. We present…

The U.S. economy took a historic nosedive in 2007-2010. It was the worst downturn since the Great Depression of the 1930s. However, evidence is emerging which suggests the country is in the midst of an economic recovery. In February 2010, the U.S. Commerce Department reported that GDP rose at a 5.9 percent annual rate in October through December…

The worldwide economic decline in 2008 hit many states hard, and had an especially strong impact on California and its public education system. The purpose of this report is to develop and present baseline information regarding K-12 public education in California prior to this fiscal crisis. This report presents alternative ways of comparing the…

The logic of political economy depends on a domestic metaphor, using the "oikos" or household as a model for the "polis." Historically, this metaphor has imagined citizens as the children of a paternal state. However during the 2008 housing crisis, this metaphor was turned upside down, depicting citizens as the parents of infantile state…

The study demonstrates a direct link between housing uncertainty and children's time preferences, or patience. We show that students who face housing uncertainties through mortgage foreclosures and eviction learn impatient behavior and are therefore at greater risk of making poor intertemporal choices such as dropping out of school. We find that…

The decline of the American railroad is explored to gain a better understanding of the nature and consequences of decline, as well as to assess implications for higher education. The following issues are addressed: changes that occurred in the railroad's environment between the early twentieth century and the present; the kind of adaptation that…

This essay compares Germany's persistent financial disequilibrium with the balance of payments situation in the United States. Delivered at a Symposium on German Economic Growth and Stability, the author concentrates on Germany's balance of payments surplus and presents U.S. figures mainly as a point of comparison. The material on Germany has been…

Changes in Canadian financing of education, and specifically in expenditure per student, for all educational levels in the last 15 years are examined through analysis of the proportions of national, provincial, and other support in relation to gross national product, total government expenditures, and enrollments. (MSE)

This research report ordered by the California Senate analyzes problems and possible solutions to postsecondary education finance in that state. A first section explores the background to the issues and concludes that higher education should be a top priority of the state government now and in the future. A second section examines the problem of…