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Title: Benefit Spillovers and Higher Education Financing: An Empirical Analysis of Brain Drain and State-Level Investment in Public Universities

Citation Type: Dissertation/Thesis

Publication Year: 2018

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Abstract: This paper analyzes the impact of out-migration of college graduates on state higher education investment. A three-stage least squares regression model with state and year fixed effects is developed and estimated, addressing the relationship between state legislative appropriations, tuition, and educated out-migration across 49 U.S. states from 2006-2015. The results support the hypothesis that states respond negatively to benefit spillovers in higher education: for every one percent increase in the rate of educated out-migration, state appropriations decrease by 1.92 percent (roughly $140 per student). These findings suggest that an education subsidy provided to states may be necessary to prevent underinvestment in higher education.

Url: https://sites.duke.edu/djepapers/files/2018/07/chinmaypandit-dje.pdf

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Authors: Pandit, Chinmay, G

Institution: Duke University

Department: Economics

Advisor: Thomas J. Nechyba

Degree: B.A.

Publisher Location: Durham, North Carolina

Pages: 48

Data Collections: IPUMS USA

Topics: Education, Housing and Segregation, Migration and Immigration

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