Titlebook: Economics of Higher Education; Background, Concepts Robert K. Toutkoushian,Michael B Paulsen Book 2016 Springer Science+Business Media B.V.

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Private and Social Returns to Higher Education,e background on the work by economists on this topic, where studies of the return to postsecondary education grew out of the more general economic approach of cost-benefit analysis. We then explain how economists use aggregate-level data to measure the average return to postsecondary education, and

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Demand and Supply in Higher Education,ncepts of markets, demand, and supply, and review historical data on college enrollments and key determinants of demand. We then build on the college choice model from Chap. . to identify the demand for higher education. In this section, we distinguish between individual and market demand, and then