Study by Brian Jacob, Brian McCall, and Kevin Stange cited in The Chronicle and Inside Higher Ed
The Chronicle of Higher Education and Inside Higher Ed cited research released Monday by the National Bureau of Economic Research that suggests that four-year colleges that want to attract the vast majority of potential students (those who can't aspire to enroll in highly competitive institutions) may be making wise investments by spending on "consumption" preferences before spending on academic improvements.
The study by Jacob, McCall, and Stange investigates whether demand-side market pressure explains colleges’ decisions to provide consumption amenities to their students. The results of this study reveal that while most students do appear to value college consumption amenities, the taste for academic quality is confined to high-achieving students. These varying demands on colleges explain some of the variation across colleges in the ratio of amenity to academic spending.
To read the paper “College as Country Club: Do Colleges Cater to Students’ Preferences for Consumption?” published by the National Bureau of Economic Research, visit papers.nber.org
To read the article in The Chronicle of Higher Education, visit chronicle.com
To read the article in Inside Higher Ed, visit www.insidehighered.com