The current study examines costs, measured by educational and general (E&G) spending, and cost efficiency at 252 public master's institutions in the United States over a nine-year (2004-2012) period. We use a multi-product quadratic cost function and results from a random-effects model with a first-order autoregressive (AR1) disturbance term…

Budgetary constraints on the public purse have led Australian Federal and State governments to focus increasingly on the efficiency of public institutions, including Technical and Further Education (TAFE) institutes. In this study, we define efficiency as the relationship between financial and administrative inputs and educational outputs. We…

In this paper, the authors begin by classifying the arguments that assert American schools are relatively inefficient into two categories: the "long-term trend argument" and the "international comparison argument." Their focus herein is on the latter of these two. They then describe two frameworks for approaching either of…

The persistently low college attainment rates of youth from poor families are partly attributable to their uncertainty about college affordability. The current federal financial aid system does not provide specific information about college costs until just before college enrollment and the information is only available to students completing a…

Almost 7 million young Americans (age 16-24) are insufficiently attached to school or work. Based on conservative estimates, we can generate over $1 billion just by helping a mere 0.1 percent earn a high school credential and complete their first year of college through Back on Track Designs. This brief lays out the cost of setting up these GED-…

A multiproduct cost function is estimated for English higher education institutions using a panel of data from recent years. The panel approach allows estimation by means of a random parameter stochastic frontier model which provides considerable new insights in that it allows the impact on costs of inter-institutional differences in the cost…

This report is the culmination of a yearlong effort to study the efficiency of the nation's public education system and includes the first-ever attempt to evaluate the productivity of almost every major school district in the country. In the business world, the notion of productivity describes the benefit received in exchange for effort or money…

This paper assesses the impact on economic growth of increased efficiency of public spending in primary and lower-secondary education. Higher efficiency in public spending in schools can bolster growth through two main channels. On the one hand, it can allow a transfer of labour from the public sector to the business sector at unchanged…

This paper provides a conceptual framework for addressing the issue of effectiveness and efficiency in education. It considers alternative criteria for identifying efficiency and discusses constraints on improving efficiency. The first section distinguishes efficiency from effectiveness, and also distinguishes "internal" from "external" efficiency…

The operations of an institution can be viewed from three perspectives: (1) the "actual operating measurement" such as income and expenditures of a cost center at a point in time; (2) the "criterion" which reflects the established policy for a time period; and (3) the "efficiency level" wherein a balance between input and output is defined.…

Argues that the return-to-scale concept is important in explaining to more advanced students how production structures underlie costs. Reviews Christopher Ross Bell's graphical analysis, contending that its argument suggests a variable-returns-to-scale function rather than one exhibiting decreasing returns to scale. Explores classic views and the…

The utility of cost-benefit analysis in program evaluation is illustrated using hypothetical examples of the consequences of natural environments service provision. Areas for further research related to cost and benefit implications are presented. Early intervention programs can use the cost-benefit framework to evaluate the social impact of…

Designed for high school economics students as a public service project of the American Fletcher National Bank, the booklet examines the American free enterprise system as it relates to the traditional lemonade stand and its ability to make a profit. The parallel is made by considering some basic principles: (1) the constant need for capital to…

The United States currently spends a good deal more on education per student than most industrialized nations, yet testing shows that achievement has not kept pace with spending. Nevertheless, school administrators continue to press for greater federal spending and claim that reforms cannot be implemented otherwise.

Compares labor market outcomes for graduates of academic and vocational schools among 15,846 25-49-year-old male Israeli workers. Concludes that vocational schools are more efficient than academic schools in terms of worker earnings in relation to educational costs. Contains 18 references. (SV)