Faculty Sponsor(s)
Jeffrey A. Summers
Location
Jereld R. Nicholson Library
Subject Area
Economics
Description
This paper analyzes the effects of the Great Recession on enrollment yields at not-for-profit private baccalaureate arts and sciences colleges. We developed a demand function that relates the admissions yield of these schools to cost and quality explanatory variables and a macroeconomic term to account for the recession. The study utilized three metrics to account for the recession: per capita GDP, percentage change in GDP, and a dummy variable. It was determined that the use of the dummy variable was the most statistically significant measure of the recession. The results show that while controlling for changes in admissions rate, aid, and net tuition and fees, the recession had a negative effect on enrollment yield of about 3%.
Recommended Citation
Carlson, Ashlee and Lemerande, Brandon, "The Effects of the Great Recession on the Enrollment Yield at Private Liberal Arts Colleges" (2014). Linfield University Student Symposium: A Celebration of Scholarship and Creative Achievement. Event. Submission 56.
https://digitalcommons.linfield.edu/symposium/2014/all/56
The Effects of the Great Recession on the Enrollment Yield at Private Liberal Arts Colleges
Jereld R. Nicholson Library
This paper analyzes the effects of the Great Recession on enrollment yields at not-for-profit private baccalaureate arts and sciences colleges. We developed a demand function that relates the admissions yield of these schools to cost and quality explanatory variables and a macroeconomic term to account for the recession. The study utilized three metrics to account for the recession: per capita GDP, percentage change in GDP, and a dummy variable. It was determined that the use of the dummy variable was the most statistically significant measure of the recession. The results show that while controlling for changes in admissions rate, aid, and net tuition and fees, the recession had a negative effect on enrollment yield of about 3%.
