Student Enrolment and Faculty Renewal: The Response of the Tenure- Based University System to Demographic and Budgetery Shocks

Frank Denton, Christine Feaver and Byron Spencer

Quantitative Studies in Economics and Population Research Reports from McMaster University

Abstract: A problem common to many state-funded universities or university systems is how to maintain an inflow of young (and ceative) new faculty when student enrolment declines or government grants are reduced, and existing faculty are aging but subject to tenure protection. This paper considers the problem in a generic setting. A model is developed in which the problem is posed as one of constrained optimization: a hypothetical university optimizes its situation, for a given planning horizon, by minimizing a (nonlinear) loss function subject to a set of (linear and nonlinear) constraints.

Keywords: UNIVERSITIES; TEACHERS; EDUCATION (search for similar items in EconPapers)
JEL-codes: A20 A23 H52 I22 (search for similar items in EconPapers)
Pages: 43 pages
Date: 1996
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Journal Article: Student enrollment and faculty renewal: The response of a tenure-based university system to demographic and budgetary shocks (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:mcm:qseprr:318

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