What a Difference a Decade Makes: Growing Wealth Inequality among Ivy League Institutions.
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| Title: | What a Difference a Decade Makes: Growing Wealth Inequality among Ivy League Institutions. |
|---|---|
| Language: | English |
| Authors: | Ehrenberg, Ronald G., Smith, Christopher L. |
| Peer Reviewed: | N |
| Page Count: | 11 |
| Publication Date: | 2001 |
| Sponsoring Agency: | Andrew W. Mellon Foundation, New York, NY. |
| Document Type: | Information Analyses |
| Descriptors: | Comparative Analysis, Endowment Funds, Higher Education, Selective Colleges, Student Financial Aid |
| Abstract: | This study examined the growing inequality in wealth among the Ivy League institutions. In July 1990, the endowments at the 8 Ivy League institutions varied from about $441 million at Brown to $4.683 billion at Harvard. A decade later, the range was $1.44 billion to $19.2 billion. The Ivy institutions' endowments grew by an average of 261% during the decade, far exceeding the decade's increase in consumer prices of 30.9%. Focusing on endowment per student is probably the best way to illustrate how wide the resource differences are across the institutions. In 2000, the 3 richest Ivy institutions had endowments averaging more than $1,000,000 per student (Princeton, Harvard, Yale), while the bottom 3 (Brown, Cornell, Pennsylvania) averaged under $200,000. It must be remembered that, although the poorest Ivies have become poorer relative to their richer Ivy competitors, they have become richer relative to most of their other private competitors. In the future, one may expect to see even more preferential packaging and direct merit aid, as well as greater faculty salary differentials at institutions that rank below the Ivy League in terms of student selectivity and endowment wealth. (SLD) |
| Entry Date: | 2003 |
| Accession Number: | ED470059 |
| Database: | ERIC |
| FullText | Text: Availability: 0 CustomLinks: – Url: https://eric.ed.gov/contentdelivery/servlet/ERICServlet?accno=ED470059 Name: ERIC Full Text Category: fullText Text: Full Text from ERIC |
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| Items | – Name: Title Label: Title Group: Ti Data: What a Difference a Decade Makes: Growing Wealth Inequality among Ivy League Institutions. – Name: Language Label: Language Group: Lang Data: English – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Ehrenberg%2C+Ronald+G%2E%22">Ehrenberg, Ronald G.</searchLink><br /><searchLink fieldCode="AR" term="%22Smith%2C+Christopher+L%2E%22">Smith, Christopher L.</searchLink> – Name: PeerReviewed Label: Peer Reviewed Group: SrcInfo Data: N – Name: Pages Label: Page Count Group: Src Data: 11 – Name: DatePubCY Label: Publication Date Group: Date Data: 2001 – Name: SourceSuprt Label: Sponsoring Agency Group: SrcSuprt Data: Andrew W. Mellon Foundation, New York, NY. – Name: TypeDocument Label: Document Type Group: TypDoc Data: Information Analyses – Name: Subject Label: Descriptors Group: Su Data: <searchLink fieldCode="DE" term="%22Comparative+Analysis%22">Comparative Analysis</searchLink><br /><searchLink fieldCode="DE" term="%22Endowment+Funds%22">Endowment Funds</searchLink><br /><searchLink fieldCode="DE" term="%22Higher+Education%22">Higher Education</searchLink><br /><searchLink fieldCode="DE" term="%22Selective+Colleges%22">Selective Colleges</searchLink><br /><searchLink fieldCode="DE" term="%22Student+Financial+Aid%22">Student Financial Aid</searchLink> – Name: Abstract Label: Abstract Group: Ab Data: This study examined the growing inequality in wealth among the Ivy League institutions. In July 1990, the endowments at the 8 Ivy League institutions varied from about $441 million at Brown to $4.683 billion at Harvard. A decade later, the range was $1.44 billion to $19.2 billion. The Ivy institutions' endowments grew by an average of 261% during the decade, far exceeding the decade's increase in consumer prices of 30.9%. Focusing on endowment per student is probably the best way to illustrate how wide the resource differences are across the institutions. In 2000, the 3 richest Ivy institutions had endowments averaging more than $1,000,000 per student (Princeton, Harvard, Yale), while the bottom 3 (Brown, Cornell, Pennsylvania) averaged under $200,000. It must be remembered that, although the poorest Ivies have become poorer relative to their richer Ivy competitors, they have become richer relative to most of their other private competitors. In the future, one may expect to see even more preferential packaging and direct merit aid, as well as greater faculty salary differentials at institutions that rank below the Ivy League in terms of student selectivity and endowment wealth. (SLD) – Name: DateEntry Label: Entry Date Group: Date Data: 2003 – Name: AN Label: Accession Number Group: ID Data: ED470059 |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=eric&AN=ED470059 |
| RecordInfo | BibRecord: BibEntity: Languages: – Text: English PhysicalDescription: Pagination: PageCount: 11 Subjects: – SubjectFull: Comparative Analysis Type: general – SubjectFull: Endowment Funds Type: general – SubjectFull: Higher Education Type: general – SubjectFull: Selective Colleges Type: general – SubjectFull: Student Financial Aid Type: general Titles: – TitleFull: What a Difference a Decade Makes: Growing Wealth Inequality among Ivy League Institutions. Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Ehrenberg, Ronald G. – PersonEntity: Name: NameFull: Smith, Christopher L. IsPartOfRelationships: – BibEntity: Dates: – D: 03 M: 05 Type: published Y: 2001 |
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