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Avoiding Tunnel Vision in the Study of Higher Education Costs

Author

Listed:
  • Robert B. Archibald

    (Department of Economics, College of William and Mary)

  • David H. Feldman

    (Department of Economics, College of William and Mary)

Abstract

Much of the literature on the causes of rising costs in higher education focuses on specific features and pathologies of decision-making within colleges and universities. We argue that this inward-looking focus on the specifics of higher education as an industry is a form of tunnel vision that can lead to poor public policy decisions. In this paper we show that cost disease and capital-skill complementarity are two crucially important causes of rising costs in higher education. These two economy-wide forces are something higher education shares with other skilled-labor-intensive services.

Suggested Citation

  • Robert B. Archibald & David H. Feldman, 2007. "Avoiding Tunnel Vision in the Study of Higher Education Costs," Working Papers 53, Department of Economics, College of William and Mary.
    • Handle: RePEc:cwm:wpaper:53
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    File URL: http://economics.wm.edu/wp/cwm_wp53.pdf
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    More about this item

    Keywords

    discrete games; cost disease; capital-skill complementarity;
    All these keywords.

    JEL classification:

    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions

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