University Endowment Returns Are Underspent

Donald Frey

Challenge, 2002, vol. 45, issue 4, 109-121

Abstract: Here is a provocative essay that challenges the conventional wisdom. Should universities spend a larger share of their investment returns from endowments? In light of the recent collapse in equity values, most might argue no. This economist takes a contrary view.

Date: 2002
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DOI: 10.1080/05775132.2002.11034167

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