Description

The recent financial crisis had a profound effect on both public and private universities, which faced shrinking endowments, declining charitable contributions, and reductions in government support. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior. The contributors look at the role of endowments in university finances and the interaction of spending policies, asset allocation strategies, and investment opportunities to show how universities' behavior can be modeled using economic principles.

How the Financial Crisis and Great Recession Affected Higher Education

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Hardback by Jeffrey R. Brown , Caroline M. Hoxby

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The recent financial crisis had a profound effect on both public and private universities, which faced shrinking endowments, declining charitable... Read more

    Publisher: The University of Chicago Press
    Publication Date: 08/01/2015
    ISBN13: 9780226201832, 978-0226201832
    ISBN10: 022620183X

    Number of Pages: 360

    Non Fiction , Politics, Philosophy & Society

    Description

    The recent financial crisis had a profound effect on both public and private universities, which faced shrinking endowments, declining charitable contributions, and reductions in government support. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses and how the incentives and constraints facing different institutions affected their behavior. The contributors look at the role of endowments in university finances and the interaction of spending policies, asset allocation strategies, and investment opportunities to show how universities' behavior can be modeled using economic principles.

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