This paper examines whether university endowment managers think only in terms of the assets they manage or also take into account background income, that is, the other flows of income to the university. Specifically, we test whether the level and variability of a university's background income (e.g., from tuition and government grants) affect its…

This paper presents a case study of the microeconomy of a typical underdeveloped village in southwest China and the role of elementary education in the village economy. The paper begins with a brief review of relevant theories on the economics of education and the current social conditions and state of education in the village under study, and…

This dissertation is comprised of three chapters. The first chapter examines the effects of private equity investment on the firms that receive this investment in India. While private equity (PE) is expanding rapidly in developing countries, there is little academic research on this subject. In this chapter I exploit two new data sources and…

What drives governments with similar revenues to publicly provide very different amounts of goods for which private substitutes are available? Key examples are education and health care. This paper compares spending by Brazilian municipalities on pre-primary education--a good that is also provided privately--with spending on public infrastructure…

The chairman of the financial committee of the Smith College Board found that it is wise to avoid getting directly involved in investment, but that it is better to fix goals and guidelines, leaving specifics to professional management. Comments and examples are provided by Henry H. Porter and William A. Wilson. (LBH)

This paper sketches some highlights of research in the economics of education since 1960. (CD)

Successful college and university investments hinge on an asset allocation strategy capable of meeting the institution's needs for income and growth in principal at the lowest possible risk. Periodic adjustments must be made when there is a shift in the institution's risk tolerance, modification in need for income distribution, and changes in…

Guidelines for preparing year-end financial reports are provided for Alabama public university staff to insure that reporting formats produce comparable financial reports and to keep up with recent developments in college accounting and financial reporting. The public institutions comply with two publications issued by the American Institute of…

There is growing recognition of the impact of exposure to trauma on the social and emotional development of children and adolescents, and this recognition has spurred initiatives to improve the standard of care and increase the identification, diagnosis, and treatment of child trauma. Leaders of child traumatic stress (CTS) initiatives recognize…