Tag: Prestige

How Canadian Universities Got Both Big and Rich

Earlier this week, I gave a speech in Shanghai on whether countries are choosing to focus higher education spending on top institutions as a response to the scarcity of funds since the start of the global financial crisis.  I thought some of you might be interested in this, so over the next two days I’ll be sharing some of the data from that presentation.  The story I want to tell today is about how exceptional the Canadian story has been among the

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The Most Horrifying Book of the Year

One of the most famous studies on higher education and opportunity was published a little over fifteen years ago by economists Alan Krueger and Stacy Berg Dale.  Using something called the College and Beyond Survey, they followed over 6,000 students who had been accepted to American universities in 1976, and then looked at their outcomes almost twenty years later, in 1995.  The key finding was that holding SATs constant, school selectivity didn’t matter much.  The important thing wasn’t attending Harvard, it was

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David Cameron, Pork, and World-Class Universities

I am going to assume that by now you have all heard about the… um… interesting news regarding British Prime Minister David Cameron, which was in yesterday’s papers.  If you haven’t, then take a quick look here.  Then come back.  Quickly.  Maybe have a shower first. Ready? OK, so, my first thought about this story is “I wonder what kind of day Oxford’s PR folk are going to have?”  Because, honestly, at most universities, the idea that some of your

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Higher Education as a Positional Good

In policy circles, we talk a lot about whether education is a public or a private good (it’s both), and what the implications are for pricing.  But one thing we don’t talk enough about is the extent to which education is a positional good.  And that’s a problem because our decisions on this topic have serious implications for the way we fund higher education. What’s a positional good?  It’s a good that derives part of its value from the fact it’s valuable,

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The Effects of Tuition Fees (Part 1)

For the last eighteen months or so, I’ve been working on a project with colleagues Dominic Orr and Johannes Wespel of the Deutsche Zentrum für Hochschul- und Wissenschaftsforschung (DZHW) for the European Commission, looking at the effects of changes in tuition fees and fee policies on institutions and students.  The Commission published the results on Friday, and I want to tell you a little bit about them – this week I’ll be telling you about the effects on institutions, and next week I’ll summarize

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