DOCUMENT RESUME HE 004 692 The Social Benefits of …

DOCUMENT RESUME

ED 082 664

HE 004 692

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Winkler, Donald R. The Social Benefits of Higher Education: Implications for Regional Finance. California Univ., Berkeley. Ford Foundation Program for Research in Univ. Administration. Ford Foundation, New York, N.Y. Pap-P-40 Jul 73 86p.

EDRS PRICE DESCRIPTORS

MF-$0.65 HC-$3.29 *Community Benefits; Educational Economics; *Educational Finance; Financial Support; *Higher Education; *Public Support; *Regional Cooperation; Social Factors

ABSTRACT This paper evaluates the nature, size, and-

distribution of public benefits generated by institutions of higher education and assesses the rationale for regional subsidies. Following introductory material, part two discusses the rationale for general public support of ligher education and assesses the legitimacy of extending this rationale to regional finance. Enumeration of the activities and outputs of colleges and universities is presented as a means of assessing the sources of social benefits. Part three entails the exposition of a model-of social benefits that has implications for the maximization of regional welfare. In part four, a framework for analysis is provided. Part five assesses the social benefits of the outputs of_ higher education, while part six discusses the social benefits of higher education operations. Part seven derives the implications of this research for regional finance of higher education. A 60-item bibliography is included. (Author/MJM)

FILMED FROM BEST AVAILABLE COPY

THE SOCIAL BENEFITS OF HIGHER EDUCATION: IMPLICATIONS FOR REGIONAL FINANCE Donald R. Winkler

OCT 1 6 1973

FORD FOUNDATION PROGRAM FOR RESEARCH IN UNIVERSITY ADMINISTRATION

Office of the Vice PresidentPlanning

University of California

OF HEALTH. U.SEDDEUPCAARTTIOMNEN8TWELFAROEF

NATIONAL INSTITUTE

TDHUICSEDDOECXUAMCETENLDTYOUCRAHAGSTAAIRSNOEINPZCAEETEIIVNOENDROERFPIRGROIONM

THE PERSON OR ATINO IT POINTS

OF VIEW ON OPINIONS NECESSARILY REPRE

STATED DO NO1NATIONAL INSTITUTE OF

SENT OFFICIAL

OR POLICY

EDUCATION POSITION

FORD GRANT NO. 680-0267A

1Stet,..0.aa,

RESEARCH DIRECTORATE

Charles J. Hitch Frederick E. B alderston

President, University of California

Professor of Business Administration Chairman, Center for Research in Management Science University of California, Berkeley Academic Assistant to the President

OFFICE ADDRESS

2288 Fulton Street Berkeley, California 94720

(415) 642-5490

TABLE OF CONTENTS

1. The Policy Dilemma

1

2. Rationale for Public Support of Higher Education

5

Income Distribution

5

Capital Market Imperfections

8

Public Good Aspects of Higher Education

9

3 Regional Strategies for Maximizing the Social Benefits

of Higher Education

14

Appendix to Section 3

20

0 6666 4 . Activities of Higher Education . .

22

5. Social Benefits of Higher Education Outputs

24

Instruction

24

a. Contribution to Economic Growth

25

b. Changes in the Use of Publicly-Provided Goods

and Services

28

b-1, Crime

30

b-2. Unemployment and Welfare

31

b-3 Tax Paym6nts

33

b-4. A Caveat . .

. r .....

38

Socialization

40

a. Value and Attitude Changes

40

b. Intergenerational Effects

42

Certification

44

Migration of College Graduates

45

Research

53

Public Service

55

TABLE OF CONTENTS

6. Socia' Benefits of Higher Education Operations

57

Ec)nomic Impacts

57

Educational Opportunity

66

Tastes for Higher Education

70

7. The Rationale for Regional Finance

71

Bibliography

75

ii

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