EconPapers    
Economics at your fingertips  
 

Why is Math Cheaper than English? Understanding Cost Differences in Higher Education

Steven W. Hemelt (), Kevin Stange (), Fernando Furquim (), Andew Simon () and John E. Sawyer ()
Additional contact information
Steven W. Hemelt: University of North Carolina, Chapel Hill
Fernando Furquim: University of Michigan
Andew Simon: University of Michigan
John E. Sawyer: University of Delaware

No 11968, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: The private return to postsecondary investment varies widely by field, but the resources required by different fields are not well known. This paper establishes five new facts about college costs using novel department-level data. First, costs vary widely across field, ranging from electrical engineering (109 percent higher costs than English) to math (22 percent lower). Costs are generally higher in fields where graduates earn more and in pre-professional programs. Second, this pattern is explained statistically by differences in class size and faculty pay, though differences in production technology enable some fields to offset higher salaries with larger classes. Third, some STEM fields experienced steep declines in expenditures over the past fifteen years while others saw increases. Fourth, increases in class size and teaching loads alongside a shift in faculty composition toward contingent faculty explain these trends. Finally, online instruction is associated with a modest reduction in cost per student, but only for undergraduate instruction. Recent policy efforts to promote enrollment in high-earning fields will thus have important implications for postsecondary costs and the social return on investment in higher education.

Keywords: college costs; college major (search for similar items in EconPapers)
JEL-codes: I21 I22 I23 (search for similar items in EconPapers)
Pages: 78 pages
Date: 2018-11
New Economics Papers: this item is included in nep-edu
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Forthcoming in: Journal of Labor Economics

Downloads: (external link)
http://ftp.iza.org/dp11968.pdf (application/pdf)

Related works:
Working Paper: Why is Math Cheaper than English? Understanding Cost Differences in Higher Education (2018) Downloads
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:iza:izadps:dp11968

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2020-09-20
Handle: RePEc:iza:izadps:dp11968