How the Financial Crisis and Great Recession Affected Higher Education

Edited by Jeffrey Brown and Caroline Hoxby

in National Bureau of Economic Research Books from University of Chicago Press

Abstract: The recent financial crisis had a profound effect on both public and private universities, which faced shrinking endowments, declining charitable contributions, and reductions in government support. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses, and on how the incentives and constraints facing different institutions affected their behavior. The studies in this volume explore how various practices at institutions of higher education, such as the drawdown of endowment resources, the awarding of financial aid, and spending on research, responded to the financial crisis. The studies examine universities as economic organizations that operate in a complex institutional and financial environment. The authors examine the role of endowments in university finances and the interaction of spending policies, asset allocation strategies, and investment opportunities. They demonstrate that universities’ behavior can be modeled using economic principles.

Date: 2015
ISBN: 9780226201832
References: Add references at CitEc
Citations: View citations in EconPapers (20)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:bknber:9780226201832

Ordering information: This item can be ordered from
https://press.uchica ... go/H/bo19198130.html
The price is $118.00.

Access Statistics for this book

More books in National Bureau of Economic Research Books from University of Chicago Press
Bibliographic data for series maintained by Books Division ().