Edited by Clive R. Belfield, Assistant Professor of Economics, Queens College, City University of New York, US and Henry M. Levin, William Heard Kilpatrick Professor of the Economics of Education and Director, National Center for the Study of Privatization in Education, Teachers College, Columbia University, US

• Contents:AcknowledgementsIntroduction Clive R. Belfield and Henry M. LevinPART IECONOMIC BENEFITS OF HIGHER EDUCATION 1. Elchanan Cohn and John T. Addison (1998), ‘The Economic Returns to Lifelong Learning in OECD Countries’2. Mårten O. Palme and Robert E. Wright (1998), ‘Changes in the Rate of Return to Education in Sweden: 1968–1991’3. Russell W. Rumberger and Scott L. Thomas (1993), ‘The Economic Returns to College Major, Quality and Performance: A Multilevel Analysis of Recent Graduates’4. Dominic J. Brewer, Eric R. Eide and Ronald G. Ehrenberg (1999), ‘Does it Pay to Attend an Elite Private College? Cross-Cohort Evidence on the Effects of College Type on Earnings’5. Linda Datcher Loury (1997), ‘The Gender Earnings Gap Among College-Educated Workers’6. Kenneth J. Arrow (1973), ‘Higher Education as a Filter’7. David A. Jaeger and Marianne E. Page (1996), ‘Degrees Matter: New Evidence on Sheepskin Effects in the Returns to Education’8. Joop Hartog and Hessel Oosterbeek (1998), ‘Health, Wealth and Happiness: Why Pursue a Higher Education?’9. Charles I. Jones (1995), ‘R&D-Based Models of Economic Growth’10. Rebecca Henderson, Adam B. Jaffe and Manuel Trajtenberg (1998), ‘Universities as a Source of Commercial Technology: A Detailed Analysis of University Patenting, 1965–1988’11. Nancy Birdsall (1996), ‘Public Spending on Higher Education in Developing Countries: Too Much or Too Little?’PART IISTUDENT DEMAND AND STUDENT PREFERENCES 12. Donald E. Heller (1997), ‘Student Price Response in Higher Education: An Update to Leslie and Brinkman’13. Thomas J. Kane (1994), ‘College Entry by Blacks since 1970: The Role of College Costs, Family Background, and the Returns to Education’PART IIITECHNOLOGY AND PRODUCTION OF HIGHER EDUCATION 14. Michael Rothschild and Lawrence J. White (1995), ‘The Analytics of the Pricing of Higher Education and Other Services in Which the Customers are Inputs’15. Robert C. Dolan, Clarence R. Jung, Jr. and Robert M. Schmidt (1985), ‘Evaluating Educational Inputs in Undergraduate Education’16. Julian R. Betts and Darlene Morell (1999), ‘The Determinants of Undergraduate Grade Point Average: The Relative Importance of Family Background, High School Resources, and Peer Group Effects’17. Audrey Light and Wayne Strayer (2000), ‘Determinants of College Completion: School Quality or Student Ability?’18. William E. Becker, Jr. (1974), ‘The University Professor as a Utility Maximizer and Producer of Learning, Research, and Income’19. Marcia L. Bellas and Robert K. Toutkoushian (1999), ‘Faculty Time Allocations and Research Productivity: Gender, Race and Family Effects’20. Ronald G. Ehrenberg (1991), ‘Projections of Shortages’21. Michael R. Ransom (1993), ‘Seniority and Monopsony in the Academic Labor Market’22. Geraint Johnes (1999), ‘The Management of Universities: President’s Lecture Delivered at Annual General Meeting of the Scottish Economic Society 6-8th April 1999’PART IVCOSTS 23. John Robst (2001), ‘Cost Efficiency in Public Higher Education Institutions’24. Hooshang Izadi, Geraint Johnes, Reza Oskrochi and Robert Crouchley (2002), ‘Stochastic Frontier Estimation of a CES Cost Function: The Case of Higher Education in Britain’25. Elchanan Cohn, Sherrie L.W. Rhine and Maria C. Santos (1989), ‘Institutions of Higher Education as Multi-Product Firms: Economies of Scale and Scope’26. Halil Dundar and Darrell R. Lewis (1995), ‘Departmental Productivity in American Universities: Economies of Scale and Scope’PART VFINANCING HIGHER EDUCATION 27. George Psacharopoulos (1982), ‘The Economics of Higher Education in Developing Countries’28. Nicholas Barr (1993), ‘Alternative Funding Resources for Higher Education’29. Cecilia García-Peñalosa and Klaus Wälde (2000), ‘Efficiency and Equity Effects of Subsidies to Higher Education’30. Ronald G. Ehrenberg and Daniel R. Sherman (1984), ‘Optimal Financial Aid Policies for a Selective University’31. Bruce Chapman (1997), ‘Conceptual Issues and the Australian Experience with Income Contingent Charges for Higher Education’32. Martin Feldstein (1995), ‘College Scholarship Rules and Private Saving’33. Claudia Goldin and Lawrence F. Katz (1998), ‘The Origins of State-Level Differences in the Public Provision of Higher Education: 1890–1940’34. John Creedy and Patrick Francois (1993), ‘Financing Higher Education: A General Equilibrium Public Choice Approach’35. Richard Jensen and Marie Thursby (2001), ‘Proofs and Prototypes for Sale: The Licensing of University Inventions’PART VIMARKETS AND COMPETITION 36. Michael Rothschild and Lawrence J. White (1990), ‘The University in the Marketplace: Some Insights and Some Puzzles’37. Gordon C. Winston (1999), ‘Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education’Name Index

'The volume is well structured and will provide a good starting point for economists coming to the subject. . . the selection of papers is a good one for a showcase volume and the volume is a very good addition to the International Library of Critical Writings series.'