Discusses the findings of W. Lee Hansen and Burton A. Weisbrod and their analysis of the income distribution effects of higher education subsidies in California. (BC)

Employs a fixed-cost quadratic function to estimate multiple-output cost functions for 94 private universities in Japan for 1991. Outputs were undergraduate teaching, graduate teaching, and research. Results indicate ray economies of scale and both global and product-specific economies of scope. Product-specific economies of scale are shown for…

Borg, Mason, and Shapiro in "The Economic Consequences of State Lotteries" (Praeger, 1991) argue that the Florida lottery creates an implicit tax that is inequitable and inefficient. These conclusions are unconvincing. Are lotteries really responsible for 35% reductions in pupil spending in lottery states? Additional work by Borg and…

Reports internal rates of return (IRORs) to college education based on the Panel Study of Income Dynamics. IROR declined from 1969 to 1974 but by 1978, approached the 1969 level. From 1978 to 1982, IROR either increased or slightly decreased. From 1982 to 1985, IROR remained essentially unchanged, according to one measure, or increased…

Expands on an earlier article which states that economies of scale cannot exist unless the production function exhibits increasing returns to scale. Argues that this is correct only to the extent that the firm faces constant input prices as output expands. Concludes that the assumption that product and input markets are competitive may be…

Provides IRORs (internal rates of return) to investment in higher education by race and sex, using data from the 1985 wave of the Panel Study of Income Dynamics. Black males obtain a rate of return somewhat below other subgroups. Females tend to have a larger return to an investment in education than their male counterparts. (63 references) (MLH)

As a response to several specific economic analysis questions asked by the staff of Massachusetts' Management and Information System for Occupational Education (MISOE), this paper focuses on concepts of costs and benefits required for cost-effectiveness analysis, as well as the methodology of cost-effectiveness analysis. Useful as background…

This report explores some techniques that could assist educational managers in their attempts to arrive at more optimal input and output mixes. Following a review of the literature on input-output analyses in education and a description of the Pennsylvania Educational Quality Assessment Program (the basis of the present study), an empirical…

This report focuses on the relationship between State aid to education and incentives for the efficient allocation of resources. Following a description of the historical and current manifestations of State aid, an empirical analysis was conducted to study the impact of State aid on several variables. More State aid was found to be associated with…