Access to Britain's highly-resourced private schools matters because of concerns surrounding social mobility. Using the UK Family Resources Survey, we document a high and mostly stable income concentration of private school access since 1997. Nevertheless, some low-income participation persists. Bursaries are income-progressive but cannot account…

The economic and social landscape that young people encounter today is substantially more complex and challenging than the one faced by earlier generations. Technological change and globalization have transformed the labor market, increasing the value of postsecondary education and hollowing out industries that once employed many workers who had…

Small mid-tier private schools tend to have modest endowments, and after decades of tuition hikes comparable to those of their elite peers, they are now at high risk of pricing themselves out of the market. The fiscal crisis of small private colleges will play out differently across the nation. States vary in their demographic projections and the…

The notion of individual freedom is valued by virtually all social, economic, and political belief systems. To be sure, how it is defined is heavily contested, it is never valued without limits (i.e., it is not an absolute value that trumps all other values), and it is less central to some moral and political philosophies than others. However it…

The link between education funding levels and student outcomes is a matter of continuing debate, including in New York State. State education aid in New York follows a progressive formula that targets more aid to lower-income, higher-need school districts, yet these districts continue to dominate lists of the state's lowest performing schools. The…

This report provides an overview of the current financial health of the Higher Education Funding Council for England (HEFCE) funded higher education sector in England. This does not include directly funded further education or other colleges, or alternative providers of higher education. The analysis covers financial results for the academic year…

This article presents results from the 2012 National Survey of Access and Finance Issues conducted by the National Council of State Directors of Community Colleges (NCSDCC), an affiliated council of the American Association of Community Colleges, and includes a comparison of survey results from previous years dating back to 2003, with the…

For poor families, the possession of assets--savings accounts, homes, and the like--has the potential not only to relieve some of the stress of living in poverty but also to make a better future seem like a real possibility. If children in families that own certain assets fare better than children in families without them, then helping poor…

In this article, the author presents a truer picture than economic historians have previously had of the economies of Tokugawa Japan, and Britain during the Industrial Revolution. Though substantially different, both societies were prosperous compared to most of the rest of the world. Japan's economic success began in the Tokugawa period…

This paper explores the nascent field of risk management in higher education, which is of particular relevance in Australia currently, as the Commonwealth Government implements its plans for a risk-based approach to higher education regulation and quality assurance. The literature outlines the concept of risk management and risk-based approaches…

In Massachusetts, state aid to public schools fills the gap between a district's foundation budget and its required local contribution. Historic inequities in required local contributions and the resulting inequities in state aid across districts led to a call for education finance reform. Since 2007, the state has put in place a number of…

Fiscal federalism deals with the sharing of resources in a federated nation. Over the years problems about local government finance have become an important aspect of intergovernmental relations. Constitutionally, local government is the third tier of government which exists as an independent entity, possessing some degree of autonomy and…

Financial capability, or people's ability to manage and take control of their finances, is receiving increasing interest among policy makers as more people find themselves in difficult financial situations during the current economic downturn. We tackle the problem of how to measure financial capability--with a specific focus on making ends meet…

As a result of the Great Recession of 2007-2009, most states experienced declines in employment, consumer spending, and economic productivity (Alm, Buschman, and Sjoquist 2011). In turn, these events led to historic declines in state tax revenues (Mikesell and Mullins 2010; Boyd and Dadayan 2009), resulting in major cuts in public spending. Local…

This study reviews the historical trend of college revenues and expenditures from a national perspective using primarily data from the Integrated Postsecondary Education Data System (IPEDS) as reported by the Delta Project for the years 1999-2009. Looking at trends related to state and local appropriations, college costs and prices, output, and…