Persistent Cost Efficiency at Public Community Colleges in the US: A Stochastic Frontier Analysis

Autor/inn/en	Titus, Marvin A.; Vamosiu, Adriana; Buenaflor, Shannon Hayes; Lukszo, Casey Maliszewski
Titel	Persistent Cost Efficiency at Public Community Colleges in the US: A Stochastic Frontier Analysis
Quelle	In: Research in Higher Education, 62 (2021) 8, S.1168-1197 (30 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Zusatzinformation	ORCID (Titus, Marvin A.)
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0361-0365
DOI	10.1007/s11162-021-09634-y
Schlagwörter	Public Colleges; Community Colleges; Costs; Cost Effectiveness; Correlation; Operating Expenses; Associate Degrees; Educational Certificates; Human Resources; Income; Educational Finance; College Transfer Students + Suchen Sie Ihr Suchwort? Community college; Community College; Cost; Kosten; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Korrelation; Betriebskosten; Bildungsabschluss; Schulzeugnis; Humankapital; Einkommen; Bildungsfonds; Hochschulwechsel; Schulwechsel; Studienortwechsel
Abstract	This study utilizes an extensive panel data set spanning 15 years (2004-2018) and 752 public community colleges to investigate operating costs and persistent cost efficiency at public community colleges in the United States. We employ a generalized true random effects (GTRE) regression model that takes into account spatial correlation of costs among community colleges, to estimate cost efficiency via stochastic frontier analysis (SFA). The results reveal a positive relationship between operating costs and associate degrees and certificates as well both human (part- and full-time faculty) and financial resources (local, state and federal funding and tuition revenue), controlling for other variables. Furthermore, with an average persistent (long-term) efficiency of 87%, few institutions are relatively cost inefficient. Moving forward, campus leaders and policy makers alike may consider yearly data and efficiency calculations to develop strategic plans and funding alternatives. With 40 percent of first-time students transferring at least once within six years and over half of those students transfer from a community college, future research may study cost efficiency of community colleges while accounting for student transfers as an output. (As Provided).
Anmerkungen	Springer. Available from: Springer Nature. One New York Plaza, Suite 4600, New York, NY 10004. Tel: 800-777-4643; Tel: 212-460-1500; Fax: 212-460-1700; e-mail: customerservice@springernature.com; Web site: https://link.springer.com/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01