My Scholarly Reflections

This is where I tell what I think, so that I see what I say

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orgtheory.net

A question for my brothers and sisters in the economics profession: Why do very different private colleges charge roughly the same tuition? For example, a full blown elite research 1 school like the University of Chicago charges about $42k per year. Harvard charges about $39k if you add tuition and the required health fee together. An elite liberal arts college like Swarthmore charges about $40k a year. A much less well known private college like DePauw charges $38k a year. Colgate charges about $45k per year.

The big savings come from going to tiny schools (e.g. Coe charges $33k a year, or Notre Dame of California charges $24k a year). Why is the price/prestige curve flat except for tiny liberal arts colleges? If you believe the Dale/Krueger paper on college choice and income (e.g., doesn’t matter which college you go to, for the…

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Written by Amer Khan

May 23, 2012 at 11:56 pm

Posted in Uncategorized

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