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Full-Text Articles in Social and Behavioral Sciences

The Impact Of U.S. News & World Report College Rankings On Admissions Outcomes And Pricing Policies At Selective Private Institutions, James Monks, Ronald G. Ehrenberg Apr 2008

The Impact Of U.S. News & World Report College Rankings On Admissions Outcomes And Pricing Policies At Selective Private Institutions, James Monks, Ronald G. Ehrenberg

Ronald G. Ehrenberg

Despite the widespread popularity of the U.S. News & World Report College rankings there has been no empirical analysis of the impact of these rankings on applications, admissions, and enrollment decisions, as well as on institutions’ pricing policies. Our analyses indicate that a less favorable rank leads an institution to accept a greater percentage of its applicants, a smaller percentage of its admitted applicants matriculate, and the resulting entering class is of lower quality, as measured by its average SAT scores. While tuition levels are not responsive to less favorable rankings, institutions offer less visible price discounts in the form …


Resident And Nonresident Tuition And Enrollment At Flagship State Universities, Michael J. Rizzo, Ronald G. Ehrenberg Apr 2008

Resident And Nonresident Tuition And Enrollment At Flagship State Universities, Michael J. Rizzo, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] The recent economic downturn in the United States has led to severe current and projected budget deficits in most states. Sharp rises in healthcare costs and increased competition for state funds from other sources has concurrently led to a decrease in the shares of state budgets earmarked for the higher education sector.1 Because universities are able to attract revenue from other sources (e.g. tuition, annual giving and federal student aid) and they are a discretionary component of most state budgets, they are often the first to go under the knife during tough times. The resulting revenue shortages from these …


Econometric Studies Of Higher Education, Ronald G. Ehrenberg Apr 2008

Econometric Studies Of Higher Education, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] The economics of higher education goes back at least to Adam Smith, who suggested over 200 years ago in the Wealth of Nations that professors should get paid based upon the number of students enrolled in their classes. The econometrics of higher education is of much more recent vintage and emerged from the development of human capital theory and the efforts to estimate rates of return to education in the 1960s and 1970s. In the sections that follow, I survey the various strands of the literature on the econometrics of higher education that have developed during the last 40 …