This paper uses a new data-set for cumulative national investment in formal schooling and a new instrument for schooling to estimate the national return on investment in 61 countries. These estimates are combined with data on the private rate of return on investment in schooling to estimate the external rate of return. In 1990 the external rate of…

Using 1990-91 data for 143 Ph.D. granting institutions, this study applies a simultaneous equation model to determine whether an institution's amount of research grants is a function of its academic ranking. Results show a simultaneous relationship among grants per full-time-equivalent enrollment, institutional ranking, and graduate students as a…

Examines the comparative efficiency of higher education institutions in the United Kingdom, responding to governmental concerns for accountability, value for money, and cost control. Tests concepts of cost and outcome efficiency, using data- development analysis, to gain further insights into universities' operations. Applying this methodology to…

Suggests a framework for estimating the costs associated with shifting from the traditional method of financing and administering U.S. public schools to an educational voucher system. Uses certain framework components to compute "ballpark" estimates in five cost areas: accommodating additional students, record keeping, student…

Analyzes propensity of business school alumni to give cash donations to their alma mater. Estimates a utility maximization model, using logistic regression and survey sample data of 1956-90 graduates of a large U.S public research university. Giving probability is strongly correlated with specific majors, time since graduation, other factors.…

Employs a fixed-cost quadratic function to estimate multiple-output cost functions for 94 private universities in Japan for 1991. Outputs were undergraduate teaching, graduate teaching, and research. Results indicate ray economies of scale and both global and product-specific economies of scope. Product-specific economies of scale are shown for…

Uses time-series analysis to study effects of changes in tuition and other factors on enrollment at U.S. private colleges and universities. Argues that enrollment demand function should be expressed in a dynamic model. Actual enrollment adjusts to the desired enrollment very slowly; tuition and other related costs significantly affect enrollment…

Combines the concept of self-worth in sociology and educational psychology with economic modeling to analyze the influence of competition on student learning. Finds, for example, that students prone to negative self-worth are motivated not to study hard in courses involving strong competition, thereby adopting a strategy of winning by not losing.…

Recent public higher education spending cuts have often been matched by tuition increases, resulting in possible declines in college graduates and in personal income tax receipts. Applying a net present-value model to quantify New York State data suggests that potential revenue losses quickly dwarf short-term budgetary savings. (Contains 21…

Describes and evaluates further education's new funding methodology, introduced in 1993 by Britain's Further Education Funding Council when it took control of the higher education sector from local authorities. The methodology provides colleges with incentives to expand and lower unit costs and tries to reduce funding inequities among colleges.…

Isolates factors influencing choice of Australia as a preferred destination for international students in emerging regional markets. Uses data obtained from a survey of students in Indonesia and Taiwan to estimate a U.S./Australia and rest-of-world/Australia discrete destination-choice model. This model identifies key factors determining country…

Develops a valuation model of educational output based on individual earnings from cross-sectional data; describes the problems associated with defining certain elements of the model and proposes adjustments related thereto; uses model to estimate the value of university education in Spain. (Contains 68 references.) (PKP)

Discusses the theory of microeconomic efficiency measurement, including frontier efficiency-measurement techniques; reviews the research measuring inefficiency in education; discusses the determinants of educational efficiency; includes table listing author, methodology, inputs and output, analytical techniques, and main findings for 28 studies of…

Develops an approach for setting performance targets for schoolchildren, using data-envelopment analysis to identify benchmark pupils who achieve the best observed performance (allowing for contextual factors). These pupils' achievement forms the basis of targets estimated. The procedure also identifies appropriate role models for weaker students'…

Evaluates efficiency of a sample of Spanish secondary schools, focusing on the measurement model's theoretical specification and the "ex post" analysis of results. Highlights characteristics that differentiate the most efficient schools from the least efficient. Stresses the importance of employing information supplied by both…