Monday , April 12 2021
Home / T. Cowen: Marginal Revolution / Higher education sentences to ponder

Higher education sentences to ponder

Summary:
We find that the WTP [willingness to pay] for in-person instruction (relative to a remote format) represents around 4.2% of the average annual net cost of attending university, while the WTP for on-campus social activities is 8.1% of the average annual net costs. We also find large heterogeneity in WTP, which varies systematically across socioeconomic groups. Our analysis shows that economically-disadvantaged students derive substantially lower value from university social life, but this is primarily due to time and resource constraints. That is from a new NBER working paper by Aucejo, French, and Zafar. The post Higher education sentences to ponder appeared first on Marginal REVOLUTION.

Topics:
Tyler Cowen considers the following as important: ,

This could be interesting, too:

Tyler Cowen writes How to extract information from on-line reviews, or why Star Wars is still a thing

Tyler Cowen writes My Conversation with Lex Fridman

Tyler Cowen writes My Conversation with the excellent Dana Gioia

Tyler Cowen writes How open and face to face will fall semester be?

We find that the WTP [willingness to pay] for in-person instruction (relative to a remote format) represents around 4.2% of the average annual net cost of attending university, while the WTP for on-campus social activities is 8.1% of the average annual net costs. We also find large heterogeneity in WTP, which varies systematically across socioeconomic groups. Our analysis shows that economically-disadvantaged students derive substantially lower value from university social life, but this is primarily due to time and resource constraints.

That is from a new NBER working paper by Aucejo, French, and Zafar.

The post Higher education sentences to ponder appeared first on Marginal REVOLUTION.

Tyler Cowen
Tyler Cowen is an American economist, academic, and writer. He occupies the Holbert C. Harris Chair of economics as a professor at George Mason University and is co-author, with Alex Tabarrok, of the popular economics blog Marginal Revolution. Cowen and Tabarrok have also ventured into online education by starting Marginal Revolution University. He currently writes the "Economic Scene" column for the New York Times, and he also writes for such publications as The New Republic, the Wall Street Journal, Forbes, Newsweek, and the Wilson Quarterly.

Leave a Reply

Your email address will not be published. Required fields are marked *