Learning Resources

Abstract: The number of individuals receiving a U.S. doctorate degree continues to grow; however, we know little about the precise factors that affect wages for recent doctorate recipients over time. Using data from approximately 10,000 respondents who completed the Survey of Doctorate Recipients, the study presented in this article examines factors contributing to wage growth over the time period 1999–2008. Findings show wage benefits for degree recipients over the decade, but also show significant differences by gender, race, discipline, and other characteristics. Findings have strong implications for individuals who may consider doctorate or other advanced training, for academic planners, and for policies in graduate education.

Abstract: This paper contains a management model for pricing and enrollment planning. It is assumed that the institution maximizes its long run quality reputation through the accomplishments of its alumni. The model yields rules for optimal pricing decisions with respect to the “sticker price,” the average scholarship per student, and enrollment. It identifies the optimal mix between the sticker price and the average scholarship, a measure of the institution’s financial ability to support students, and an average cost pricing rule. The model also reveals that pricing rules based on the theory of the firm are inappropriate for higher education and can lead to financial distress.