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%.

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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%.

 

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