Institutions and administrators regularly have to make difficult choices about how best to invest resources to serve students. Yet economic evaluation, or the systematic analysis of the relationship between costs and outcomes of a program or policy, is relatively uncommon in higher education. This type of evaluation can be an important tool for…

Given the necessity to bridge the gap between what happened and what is likely to happen, this paper aims to explore how to apply Bayesian inference to cost-effectiveness analysis so as to capture the uncertainty of a ratio-type efficiency measure. The first part of the paper summarizes the characteristics of the evaluation data that are commonly…

Early childhood development and education (ECDE) is devolved in Kenya, which means that each of Kenya's 47 counties budgets for and implements ECDE independently. Kenya provides two years of preprimary education to children ages four and five. Given scarce resources, constructing facilities and hiring teachers are often principal considerations…

With recent research from the Institute for Higher Education Policy showing that college is unaffordable for as many as 70% of working- and middle-class students, concerns about college costs are mounting. The cost of operating an institution of higher education, with very few exceptions, is reflected in the price of attendance that students,…

This study investigates the relative roles of home and school variables in accounting for achievement gaps between Indigenous and non-Indigenous students in Australia and New Zealand. Using data from the Programme for International Student Assessment [PISA] 2009, our findings show that achievement gaps between Indigenous and non-Indigenous…

The Money Myth is the contention that any education problem requires increased spending and, conversely, that reform is impossible without more funding. However, increased funding works for only certain kinds of school resources. Many reforms require resources that money cannot buy. What is needed are reforms that build the capacity of schools to…

The latest installment of the Fordham Institute's "Creating Sound Policy for Digital Learning" series investigates one of the more controversial aspects of digital learning: How much does it cost? In this paper, the Parthenon Group uses interviews with more than fifty vendors and online-schooling experts to estimate today's average…

The comparison between various language policies that aim to manage multilingual communication ought to rely on some robust methodology for evaluation. This paper discusses the possibility to found such a methodology on the well-established concepts of efficiency and fairness. Assessing efficiency implies comparing how resources are allocated…

This research describes, classifies, and comparatively evaluates national models and mechanisms used to evaluate research and allocate research funding in 16 countries. Although these models and mechanisms vary widely in terms of how research is evaluated and financed, nearly all share the common characteristic of relating funding to some measure…

Presented here is a model developed at Santa Barbara City College (California) for assessing vocational and non-vocational program costs. The primary purpose of the project was to compare costs during 1971-72 for these two types of programs. On an institutional average, vocational instructional costs appeared to be higher than non-vocational,…

A cost-effectiveness analysis was conducted of Gordon, Kane, and Staiger's (2006) proposal to raise student achievement by identifying and replacing the bottom quartile of novice teachers, using value-added assessment of teacher performance. The cost effectiveness of this proposal was compared to the cost effectiveness of voucher programs, charter…

An experiment is described for ascertaining whether the idea of comparative profit and cost indicators for enterprises could be applied to universities. A wide spread between the indicators for the same subjects in different higher education centers is shown. Specific expenditure and capacity indicators, and indicators of student throughput are…

The potential gains in efficiency of three types of contracts in college administration are contrasted. Contract types include explicit contracts in the budgeting process between the state and higher education institutions; institutional contracting for inputs; and interinstitutional contracting. The tradeoff between production cost savings and…

Cost-effectiveness analysis and cost-benefit analysis are two related yet distinct methods to help decision makers choose the best course of action from among competing alternatives. For both types of analysis, costs are computed similarly. Costs may be reduced to present value amounts for multi-year programs, and parameters may be altered to show…

Any worthwhile approach to the question of costs in connection with planning must begin by considering not only what kind of costs will be relevant but also what kind of planning they are to be used for. Efforts being used in U.S. and European universities are reviewed. (Author/LBH)