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Higher Education Bubble
There is concern that the possible higher education bubble in the United States could have negative repercussions in the broader economy. Although college tuition payments are rising, the supply of college graduates in many fields of study is exceeding the demand for their skills, which aggravates graduate unemployment and underemployment while increasing the burden of student loan defaults on financial institutions and taxpayers. Moreover, the higher education bubble might be even more serious than the load of student debts. Without safeguards in place for funding and loans, the government risks creating a moral hazard in which schools charge students expensive tuition fees without offering them marketable skills in return. The claim has generally been used to justify cuts to public higher education spending, tax cuts, or a shift of government spending towards law enforcement and national security. There is a further concern that having an excess supply of college graduates exac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Survivorship Bias
Survivorship bias or survival bias is the logical error of concentrating on entities that passed a selection process while overlooking those that did not. This can lead to incorrect conclusions because of incomplete data. Survivorship bias is a form of sampling bias that can lead to overly optimistic beliefs because multiple failures are overlooked, such as when companies that no longer exist are excluded from analyses of financial performance. It can also lead to the false belief that the successes in a group have some special property, rather than just coincidence as in Correlation does not equal causation, correlation "proves" causality. As a general experimental flaw The parapsychology researcher Joseph Banks Rhine believed he had identified the few individuals from hundreds of potential subjects who had powers of extra-sensory perception (ESP). His calculations were based on the improbability of these few subjects guessing the Zener cards shown to a partner by chance. A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
College Tuition Cpi
A college (Latin: ''collegium'') may be a tertiary education, tertiary educational institution (sometimes awarding academic degree, degrees), part of a collegiate university, an institution offering vocational education, a further education institution, or a secondary school. In most of the world, a college may be a high school or secondary school, a college of further education, a training institution that awards trade qualifications, a higher-education provider that does not have university status (often without its own degree-awarding powers), or a constituent part of a university. In the United States, a college may offer undergraduate education, undergraduate programs – either as an independent institution or as the undergraduate program of a university – or it may be a residential college of a university or a Community colleges in the United States, community college, referring to (primarily public) higher education institutions that aim to provide affordable and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Educational Development
The General Educational Development (GED) tests are a group of four academic subject tests in the United States and its territories certifying academic knowledge equivalent to a high school diploma. This certification is an alternative to the U.S. high school diploma, as is HiSET. Passing the GED test gives those who do not complete high school, or who do not meet requirements for high school diploma, the opportunity to earn a Certificate of High School Equivalency or similarly titled credential. GED Testing Service is a joint venture of the American Council on Education, which started the GED program in 1942. The American Council on Education, in Washington, D.C. (U.S.), which owns the GED trademark, coined the initialism to identify "tests of general equivalency development" that measure proficiency in science, mathematics, social studies, reading, and writing. The GED Testing Service website does not refer to the test as anything but "GED". It is called the GED in the majo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tertiary Education
Tertiary education (higher education, or post-secondary education) is the educational level following the completion of secondary education. The World Bank defines tertiary education as including universities, colleges, and vocational schools. ''Higher education'' is taken to include undergraduate and postgraduate education, while vocational education beyond secondary education is known as ''further education'' in the United Kingdom, or included under the category of ''continuing education'' in the United States. Tertiary education generally culminates in the receipt of Academic certificate, certificates, diplomas, or academic degrees. Higher education represents levels 5, 6, 7, and 8 of the ISCED#2011 version, 2011 version of the International Standard Classification of Education structure. Tertiary education at a nondegree level is sometimes referred to as further education or continuing education as distinct from higher education. UNESCO stated that tertiary education focu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
McKinsey & Company
McKinsey & Company (informally McKinsey or McK) is an American multinational strategy and management consulting firm that offers professional services to corporations, governments, and other organizations. Founded in 1926 by James O. McKinsey, McKinsey is the oldest and largest of the " MBB" management consultancies. The firm mainly focuses on the finances and operations of their clients. Under the direction of Marvin Bower, McKinsey expanded into Europe during the 1940s and 1950s. In the 1960s, McKinsey's Fred Gluck—along with Boston Consulting Group's Bruce Henderson, Bill Bain at Bain & Company, and Harvard Business School's Michael Porter—initiated a program designed to transform corporate culture. A 1975 publication by McKinsey's John L. Neuman introduced the business practice of "overhead value analysis" that contributed to a downsizing trend that eliminated many jobs in middle management. McKinsey has been the subject of significant controversy and is the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Chronicle Of Higher Education
''The Chronicle of Higher Education'' is an American newspaper and website that presents news, information, and jobs for college and university faculty and student affairs professionals, including staff members and administrators. A subscription is required to read some articles. ''The Chronicle'' is based in Washington, D.C., and is a major news service covering U.S. academia. It is published every weekday online and appears weekly in print except for every other week in May, June, July, and August and the last three weeks in December. In print, ''The Chronicle'' is published in two sections: Section A with news, section B with job listings, and ''The Chronicle Review,'' a magazine of arts and ideas. It also publishes Arts & Letters Daily. History In 1957, Corbin Gwaltney, founder and editor of the alumni magazine at Johns Hopkins University in Baltimore, joined with editors from magazines of several other colleges and universities for an editorial project to investigate ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Science Research Network
The Social Science Research Network (SSRN) is an open access research platform that functions as a repository for sharing early-stage research and the rapid dissemination of scholarly research in the social sciences, humanities, life sciences, and health sciences, among others. Elsevier bought SSRN from Social Science Electronic Publishing Inc. in May 2016. It is not an electronic journal, but rather an electronic library and search engine. History SSRN was founded in 1994 by Michael C. Jensen and Wayne Marr, both financial economists. In January 2013, SSRN was ranked the largest open-access repository in the world by Ranking Web of Repositories (an initiative of the Cybermetrics Lab, a research group belonging to the Spanish National Research Council), measured by number of PDF files, backlinks and Google Scholar results. In May 2016, SSRN was bought from Social Science Electronic Publishing Inc. by Elsevier. On 17 May 2016, the SSRN founder and chairman Michael C. J ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
College And University Rankings
College and university rankings order higher education institutions based on various criteria, with factors differing depending on the specific ranking system. These rankings can be conducted at the national or international level, assessing institutions within a single country, within a specific geographical region, or worldwide. Rankings are typically conducted by magazines, newspapers, websites, governments, or academics. In addition to ranking entire institutions, specific programs, departments, and schools can be ranked. Some rankings consider measures of wealth, excellence in research, selective admissions, and alumni success. Rankings may also consider various combinations of measures of specialization expertise, student options, award numbers, internationalization, graduate employment, industrial linkage, historical reputation and other criteria. Criticism The interpretation, accuracy, and usefulness of rankings have been criticized. The expanding diversity in ratin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Elasticity Of Demand
A good's price elasticity of demand (E_d, PED) is a measure of how sensitive the quantity demanded is to its price. When the price rises, quantity demanded falls for almost any good ( law of demand), but it falls more for some than for others. The price elasticity gives the percentage change in quantity demanded when there is a one percent increase in price, holding everything else constant. If the elasticity is −2, that means a one percent price rise leads to a two percent decline in quantity demanded. Other elasticities measure how the quantity demanded changes with other variables (e.g. the income elasticity of demand for consumer income changes). Price elasticities are negative except in special cases. If a good is said to have an elasticity of 2, it almost always means that the good has an elasticity of −2 according to the formal definition. The phrase "more elastic" means that a good's elasticity has greater magnitude, ignoring the sign. Veblen and Giffen goods are t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Bennett
William John Bennett (born July 31, 1943) is an American conservative politician and political commentator who served as the third United States secretary of education from 1985 to 1988 under President Ronald Reagan. He also held the post of director of the Office of National Drug Control Policy under George H. W. Bush. Early life and education Bennett was born July 31, 1943, to a Catholic family in Brooklyn, the son of Nancy (''née'' Walsh), a medical secretary, and F. Robert Bennett, a banker. His family moved to Washington, D.C., where he attended Gonzaga College High School. He graduated from Williams College in 1965, where he was a member of the Kappa Alpha Society, and received a Ph.D. from the University of Texas at Austin in political philosophy in 1970. He also has a J.D. from Harvard Law School, graduating in 1971. Career Educational institutions Bennett was an associate dean of the College of Liberal Arts at Boston University from 1971 to 1972 and then becam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GI Bill
The G.I. Bill, formally the Servicemen's Readjustment Act of 1944, was a law that provided a range of benefits for some of the returning World War II veterans (commonly referred to as G.I.s). The original G.I. Bill expired in 1956, but the term "G.I. Bill" is still used to refer to programs created to assist American military veterans. It was largely designed and passed through Congress in 1944 in a bipartisan effort led by the American Legion, which wanted to reward practically all wartime veterans. John H. Stelle, a former Democratic governor of Illinois, served as the Chairman of the Legion's Executive Committee, which drafted and mobilized public opinion to get the G.I. Bill to President Roosevelt's desk on June 22, 1944. Stelle was rewarded for his efforts by the Legion which unanimously elected him its National Commander in 1945. He is commonly referred to as the "Father of the G.I. Bill." Since the First World War the Legion had been in the forefront of lobbying C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
