The Differential Responses of US Higher Education Institutions During Pandemic
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Date
2023-04
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Vanderbilt University
Abstract
This paper examines the responses to the COVID-induced shock of US higher education institutions. Using institution-level data from the Integrated Postsecondary Education Data System (IPEDS), the study focuses on the doctoral and master’s universities following the Carnegie Classification. The event study compares changes in student enrollment, tuition fees, student-to-faculty ratio, and institutional grant aid between different types of institutions: more and less foreign-exposed, public and private, and high and low-ranked institutions. The results show that high-ranked institutions demonstrated higher adaptiveness to the shock by exhibiting higher growth rates in both domestic and international student enrollment, and institutional grant aid after the shock. Moreover, high-ranked institutions showed more pricing power in domestic and international student tuition. There is no significant difference in the growth rates of outcomes of interest between the other two comparison groups. These findings descriptively illustrate the varying responses to the COVID-induced shock of different types of higher education institutions, primarily focusing on movements due to COVID.
Description
Economics Department Honors Thesis.