Title: How the financial crisis and Great Recession affected higher education /
Authors: Brown, Jeffrey R. 1968-; Hoxby, Caroline Minter; Brown, Jeffrey R. 1968-; Hoxby, Caroline Minter.
Year: 2015
Subjects: Education, Higher United States Finance; Education and state United States.; Global Financial Crisis, 2008-2009; Education and state; Education, Higher Finance; United States
Abstract: The recent financial crisis had a profound effect on both public and private universities, which faced shrinking endowments, declining charitable contributions, and reductions in government support. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses, and on how the incentives and constraints facing different institutions affected their behaviour.
Contents: Endowment management based on a positive model of the university / Caroline M. Hoxby -- The interaction of spending policies, asset allocation strategies, and investment performance at university endowment funds / Keith C. Brown and Cristian Ioan Tiu -- Competition among university endowments / William N. Goetzmann and Sharon Oster -- Keynes, King's and endowment asset management / David Chambers, Elroy Dimson, and Justin Foo -- The supply of and demand for charitable donations to higher education / Jeffrey R. Brown, Stephen G. Dimmock, and Scott Weisbenner -- The impact of the financial crisis on faculty labor markets / Sarah E. Turner -- The financial crisis and college enrollment: how have students and their families responded? / Bridget Terry Long -- Federal and state financial aid during the Great Recession / Eric Bettinger and Betsy Williams -- Did the fiscal stimulus work for universities? / Michael F. Dinerstein, Caroline M. Hoxby, Jonathan Meer, and Pablo Villanueva.