How the Financial Crisis and Great Recession Affected Higher Education.

• Position: Bureau Books

Edited by Jeffrey R. Brown and Caroline M. Hoxby

Cloth $110.00

An NBER Conference Report

The recent financial crisis had a profound effect on both public and private universities, which faced shrinking endowments, declining charitable contributions, and reductions in government support. Universities responded to these stresses in different ways. This volume presents new evidence on the nature of these responses, and on how the incentives and constraints facing different institutions affected their behavior.

The studies in this volume explore how various practices at institutions of higher education, such as the drawdown of endowment resources, the awarding of financial aid, and...