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Student enrollment and faculty renewal: The response of a tenure-based university system to demographic and budgetary shocks

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  • Denton, Frank T.
  • Feaver, Christine H.
  • Spencer, Byron G.

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.
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Suggested Citation

  • Denton, Frank T. & Feaver, Christine H. & Spencer, Byron G., 1998. "Student enrollment and faculty renewal: The response of a tenure-based university system to demographic and budgetary shocks," Journal of Economic Behavior & Organization, Elsevier, vol. 34(1), pages 101-127, January.
    • Handle: RePEc:eee:jeborg:v:34:y:1998:i:1:p:101-127
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    References listed on IDEAS

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    1. Denton, Frank T & Feaver, Christine H & Spencer, Byron G, 1994. "Teachers and the Birth Rate: The Demographic Dynamics of a Service Population," Journal of Population Economics, Springer;European Society for Population Economics, vol. 7(3), pages 307-329, July.
    2. John M. Quigley & Daniel L. Rubinfeld, 1993. "Public Choices in Public Higher Education," NBER Chapters, in: Studies of Supply and Demand in Higher Education, pages 243-284, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Cunningham, Brendan M., 2009. "Faculty: Thy administrator's keeper? Some evidence," Economics of Education Review, Elsevier, vol. 28(4), pages 444-453, August.

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    More about this item

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid

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