Alternative Title

Working Paper 53

Document Type

Working Paper

Department/Program

Economics

Pub Date

6-2007

Publisher

College of William and Mary Economics Department

Journal Article URL

dhfeld.people.wm.edu/cwm_wp53(TunnelVision).pdf

Abstract

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.

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Economics Commons

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