America’s top colleges are facing record demand. So why don’t they increase supply? (Part 2 of our series from 2022, “Freakonomics Radio Goes Back to School.”)
SOURCES:Peter Blair • , professor of education at Harvard University and faculty research fellow at the National Bureau of Economic Research. Zachary Bleemer • , assistant professor of economics at Princeton University and faculty research fellow at the National Bureau of Economic Research. Amalia Miller • , professor of economics at the University of Virginia. Morton Schapiro • , professor of economics and former president of Northwestern University. Miguel Urquiola • , professor of economics at Columbia University.
RESOURCES: • “ Elite Schools and Opting In: Effects of College Selectivity on Career and Family Outcomes • ,” by Suqin Ge, Elliott Isaac, and Amalia Miller ( Journal of Labor Economics • , 2022). • “ Why Don’t Elite Colleges Expand Supply? • ” by Peter Q. Blair & Kent Smetters ( NBER Working Paper • , 2021). • “ Lori Loughlin Pleads Guilty via Zoom in College Admissions Case • ,” by Kate Taylor ( The New York Times • , 2020). Markets, Minds, and Money: Why America Leads the World in University Research • , by Miguel Urquiola (2020). • “ To Cheat and Lie in L.A.: How the College-Admissions Scandal Ensnared the Richest Families in Southern California • ,” by Evgenia Peretz ( Vanity Fair • , 2019). The Case Against Education: Why the Education System Is a Waste of Time and Money • , by Bryan Caplan (2018). • “ The World Might Be Better Off Without College for Everyone • ,” by Bryan Caplan ( The Atlantic • , 2018). • “ Are Tenure Track Professors Better Teachers? • ” by David N. Figlio, Morton O. Schapiro, and Kevin B. Soter ( NBER Working Paper • , 2013). • “ Estimating the Payoff to Attending a More Selective College: An Application of Selection on Observables and Unobservables • ,” by Stacy Berg Dale and Alan Krueger ( NBER Working Paper • , 1999). • " Report on the University’s Role in Political and Social Action • ," by the Kalven Committee (1967).
EXTRAS: • " What Exactly Is College For? (Update) • ," by Freakonomics Radio • (2024).
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