As concerns over growing levels of student loan debt continue to mount for both students and taxpayers, many have called for an improved accountability system in the U.S. higher education system. In this policy brief, I discuss the many flaws in our current system, and outline how a system known...

Die unbefriedigenden Zustände im Bildungswesen haben viel mit der föderalen Struktur des Landes zu tun. Grundsätzlich ist die Bildung Ländersache, aber in der Landespolitik haben die bundesgesetzlich definierten Aufgaben nach Art. 83 GG Priorität vor denen, für die die Länder selbst...

Wissenschaftliche Weiterbildung gehört zwar nach dem Willen des Gesetzgebers zu den Kernaufgaben der Hochschulen. Gleichwohl sind die Aktivitäten in diesem Bereich marginal. Fehlende Handlungsanreize und die handlungsleitende Wichtigkeit der Forschungsreputation sind lang bestehende Gründe...

This paper examines several US monthly financial time series data using fractional integration and cointegration techniques. The univariate analysis based on fractional integration aims to determine whether the series are I(1) (in which case markets might be efficient) or alternatively I(d) with...

We provide a normative analysis of endogenous student and worker mobility in the presence of diverging interests between universities and governments. Student mobility generates a university competition effect which induces them to overinvest in education, whereas worker mobility generates a...

This paper examines systematic inequalities in the match between students and the university degree they apply to, and enroll in. Using linked administrative data on the population of Portuguese applicants we create a transparent and continuous measure of student-to-degree match employing...

This paper examines systematic inequalities in the match between students and the university degree they apply to, and enroll in. Using linked administrative data on the population of Portuguese applicants we create a transparent and continuous measure of student-to-degree match employing...

Following a landmark ruling by the Constitutional Court in 2005, more than half of Germany's universities started charging tuition fees, which also applied to incumbent students. We exploit this unusual lack of grandfathering together with register data covering the universe of students to show...

Following a landmark ruling by the Constitutional Court in 2005, more than half of Germany's universities started charging tuition fees, which also applied to incumbent students. We exploit this unusual lack of grandfathering together with register data covering the universe of students to show...

This paper examines how financial aid reform based on postsecondary institutional performance impacts student choice. Federal and state regulations often reflect concerns about the private, for-profit sector's poor employment outcomes and high loan defaults, despite the sector's possible...