This brief paper asks if the proposition that "growth is good" applies with equal force to private business and to private colleges and universities. An increasing appreciation of the fundamental differences in economic structure between business firms and academic institutions suggests that...

In this paper, we present estimates of roommate and institution based peer effects. Using data from the College & Beyond survey, the Freshman survey, and phonebook data that allows us to identify college roommates - we estimate models of students' political persuasion and intellectual...

College tuition, as the price of higher education services, defies familiar economic analysis in important ways. It is recognized that tuition is a price that covers only a fraction of the cost of producing those educational services (about a third, nationally), creating an in-kind subsidy for...

With only a small number of their students coming from families with the lowest incomes (10% from the bottom two family income quintiles), the nation's most selective private colleges and universities need to know why. Two ready ideological answers are (1) that low-income high-ability students...

This paper was prepared as a chapter for College Decisions: How Students Actually Make Them and How They Could, edited by Caroline Hoxby for publication by the University of Chicago Press for the NBER. In this chapter, we describe the potential significance of student peer effects for the...

All of the financial aid decisions at Williams College for the past fourteen years - nearly 14,000 of them - were used to see how much students actually paid for tuition, room, board, and fees to go to that highly selective and expensive school - their net prices. Williams practices need blind...

This note looks at the quality of the information on family income that selective colleges rely on to increase equality of opportunity by recruiting high-ability, low-income students. Individual family income estimates embedded in the College Board’s search parameters are compared, for 635...

A study was conducted to examine peer effects among undergraduates at Williams College, a highly selective four-year liberal arts school. Specifically, the study explored whether students would perform better writing about newspaper articles they read and discussed in academically homogeneous or...

Working from the financial aid records of individual students at 28 highly selective private colleges and universities, we were able to calculate both the price the low-income students at these schools actually pay for a year’s education,net of financial aid grants, and how the schools...