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Economic Indicators for Postsecondary Education in Indiana 1976.

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Bibliographic Details
Title: Economic Indicators for Postsecondary Education in Indiana 1976.
Authors: Pfister, Richard L., Indiana State Commission for Higher Education, Indianapolis.
Availability: Indiana Commission for Higher Education, 143 W. Market St., Indianapolis, Indiana.
Peer Reviewed: N
Page Count: 131
Publication Date: 1976
Document Type: Reports - Research
Descriptors: Accountants, Carpentry, Cost Indexes, Economic Change, Economic Research, Economics, Educational Economics, Investigations, Postsecondary Education, Programers, Salaries, Secretaries
Geographic Terms: Indiana
Abstract: In a study prepared at the Indiana University School of Business, it was revealed that: (1) the Consumer Price Index has risen 39.7 percent from fiscal 1971 to fiscal 1976; since 1970-71, prices have risen slightly more in small cities than in larger ones; and according to the Bureau of Labor Statistics, the cost of living for their lower budget level has risen less than for their two higher budget levels; (2) Between fiscal 1973 and fiscal 1976, the CPI rose more than the compensation for most continuing employees of postsecondary institutions; although most of the clerical and service employees had a slight rise in real income, academic and administrative employees had a decline, and the decline was greatest for academic employees; (3) since fiscal 1973, compensation in Indiana institutions by professorial rank has failed to maintain pace with other schools in their comparison groups; and (4) among six occupational categories (secretary, janitor, carpenter, accountant, programmer, and buyer), Indiana institutions provided the least salary increase since fiscal 1970 in comparison with state government, Federal government, and private industry for three categories and the second least increase for the other three (although the fiscal 1976 percentage increases are somewhat better). (Author/MSE)
Entry Date: 1977
Accession Number: ED135271
Database: ERIC
Description
Abstract:In a study prepared at the Indiana University School of Business, it was revealed that: (1) the Consumer Price Index has risen 39.7 percent from fiscal 1971 to fiscal 1976; since 1970-71, prices have risen slightly more in small cities than in larger ones; and according to the Bureau of Labor Statistics, the cost of living for their lower budget level has risen less than for their two higher budget levels; (2) Between fiscal 1973 and fiscal 1976, the CPI rose more than the compensation for most continuing employees of postsecondary institutions; although most of the clerical and service employees had a slight rise in real income, academic and administrative employees had a decline, and the decline was greatest for academic employees; (3) since fiscal 1973, compensation in Indiana institutions by professorial rank has failed to maintain pace with other schools in their comparison groups; and (4) among six occupational categories (secretary, janitor, carpenter, accountant, programmer, and buyer), Indiana institutions provided the least salary increase since fiscal 1970 in comparison with state government, Federal government, and private industry for three categories and the second least increase for the other three (although the fiscal 1976 percentage increases are somewhat better). (Author/MSE)