The Impacts of State Disinvestment in Higher Education
Posted on by Alissa DeJonge
In this episode of CERCONOMY, Alissa DeJonge is joined by Dr. Jeffrey Thompson, Director of the New England Public Policy Center at the Federal Reserve Bank of Boston to share highlights from the recent research released by the Center, “State Divestment in Higher Education: The Impact on Public Universities’ Patent Applications.”
Dr. Thompson discusses how the New England states’ investments in public education have decreased over the last few decades - impacted by cyclical components, such as declines in state tax revenues and increased spending on healthcare. The consequences include higher tuition and higher student loan debt, lower graduation rates, and other longer-term societal impacts such as fewer home purchases, lower marriage rates, fewer approved patents, and a lack of skilled workers.