During the economic doldrums that have followed The Great Recession, employees in the education sector (administrators, staff, and teachers or faculty at both the K-12 level and the post-secondary level) are confident about both their retirement savings behavior and their likely retirement outcomes. African American and white American employees in the education sector are more optimistic about their retirement planning and prospects than are U.S. workers overall. Education sector employees—both African Americans (87%) and white Americans (88%)—are more likely than U.S. workers overall (59%) to currently save for retirement. This fact helps justify their greater confidence that they will have enough money to live comfortably throughout retirement. Seven of every ten black American employees and seven of every ten white American employees are confident (‘very’ or ‘somewhat’) of this, while nearly half of all U.S. workers express this level of confidence.
This research study is a phenomenological exploration of academics from one Canadian university who either are participating in a phased retirement pro- gram or have delayed their retirement beyond the normal retirement age of 65. It is based on face-to-face interviews with 24 professors, male and female, between the ages of 55 and 69, from an array of disciplines. The results indcate that teaching may be a primary reason why academics choose to retire, that female academics seem to align their retirement plans with those of their partners, and that academics who postpone their retirement feel as though they
possess a significant amount of respect within their fields. Since this re- search is based upon a small sample, it provides a starting point for future research studies, particularly concerning how gender affects the issue of academic retirement.
Aging population resulting in lower labour force participation rates
Knowledge economy requiring a more educated work force
This report documents the central role of the college-educated workforce in improving labour productivity across the economy and supporting an innovation culture in the workplace. It describes critical “enabling occupations” that play a key role in allowing
companies to build a culture of innovation in the workplace which they need if they are to continually restructure for success. It develops a “Prosperity Cycle” model and demonstrates the importance of college graduates in building a culture of innovation in a
dozen key Ontario industries.
TORONTO — Many of this year's new post-secondary graduates have left the academic world carrying tens of thousands of dollars in debt. Meantime, those heading to college and university this fall will soon contend with steep tuition rates that often result in a similar burden.
While schools attempt to lessen the load by offering financial aid, average student debt appears to be climbing. So some institutions are also responding by beefing up their mental health services to help students cope with life in the red.
The engagement, productivity, and vitality of the faculty are extremely important to the success of academic institutions in fulfilling their missions. This paper presents data from a survey of 1,775 tenured associate and full professors at seven public universities, showing that many are frustrated about leadership turnover and the corresponding shifts in mission, focus, and priorities, and also about salary. In addition, associate professors are less satisfied than full professors on critical factors such as support for research, collaboration, and clarity of promotion, and women are less satisfied than men on numerous dimensions including mentoring support for research and interdisciplinary work, and clarity of promotion.
Has there ever been a worse time for faculty and university administrators? Faculty and administrators alike are under siege on multiple fronts—huge budget cuts have been made in most states with more expected, collective bargaining has come under attack in some states, and an underlying threat to tenure permeates academe. A historian might simply attribute this to a poor economy and conclude that such conflicts, cyclical in nature, will pass. But it is far from clear that this storm will subside as others have. Higher education is at a critical juncture and many legislators, donors, trustees, and tuition-payers are fed up with academe’s perceived excesses and excuses.
Consider the following two scenarios: Scenario No. 1: Having sat through the entirety of a search committee’s deliberations, a trustee on the panel seeks to invalidate its work — accusing two other committee members of having a conflict of interest because they are colleagues of an internal candidate who has become one of the two finalists. Those relationships had been discussed openly within the committee but conveyed to the full governing board only after the finalists had been named. The mere accusation compels the board to reject the finalist pool and restart the search from the beginning. The result: considerable disruption and delay, not to mention the damage done to the institution’s reputation in the hiring market.
Senior faculty fall into three groups—25% who expect to retire by a normal retirement age; 15% who expect to, but would
prefer not to, work past normal retirement age; and 60% who would like to and expect to work past normal retirement
age. Financial necessity is a major reason for most of those reluctantly expecting to work past normal retirement age.
Furthermore, it appears that many in this group were pushed into this status by the recession and crash in financial
markets. By contrast, 90% of those expecting and hoping to work to an advanced age cite enjoyment of their work and the
fulfillment it provides as a major reason. They generally view themselves as performing as well as ever in their faculty role.
Project Background
In 2008, the Higher Education Quality Council of Ontario (HEQCO) issued an open Request for Proposals (RFP) to Ontario colleges and universities that would allow them to evaluate interventions that already existed at those institutions and that were designed to promote student success in various ways. Brock University was involved in a total of four research projects that were approved for funding at that time, including this project. This research project also has the distinction of being the only one in the RFP which involved a re-examination of institutional financial aid policies.
Project Purpose
Institutional financial aid applications ask a wide range of questions dealing with both the personal and financial history of the student and his/her family. This process can take a significant amount of the student’s time, and may even intimidate some. Moreover, the level of financial detail required in the application may be a deterrent to students who might be either embarrassed to disclose family details, or uncomfortable asking their parents about the financial situation of their family.
It is believed that the complex and potentially discouraging application process that exists at many postsecondary institutions (and many government financial aid programs) can be simplified by including fewer fields in the application for funding. This would benefit both student applicants and institutional administrators, and could likely be done without significantly altering
the output that would have been generated using the original full application.
The purpose of this project is to compare two approaches to calculating student financial assessed need for the purposes of determining eligibility for the Brock University Entering Student Bursary. The research question being addressed in this project is whether a simplified approach to calculating assessed need would lead to similar outcomes in terms of identifying
eligibility for the Entering Student Bursary as the original application process that had been in place for years at Brock University.
Canada has enjoyed exceptional and sustained economic growth for the past 15 years – strong commodity prices have created a currency advantage in export markets, the R&D collaboration between universities and the private sector is strong, post-secondary education attainment is one of the highest amongst OECD countries, the overall unemployment rate has fallen, and the number of small and medium enterprises have risen in the last decade. However, as international competition for talent and capital continue to intensify, now may be the time to review one of the critical elements for any economy – skills and learning.
This report explores the use of social capital theory in understanding educational advantage/disadvantage from a public policy development perspective. We undertake a detailed review and critique of the key ‘strands’ of social capital theory, contextualising these in an analysis of applied social capital theory in a public policy and a development environment. Finally, we use our modified understanding of the theory to explore the social capital of business and IT students in higher education and vocational education and technology (VET) in Victoria.
At a time of increasingly complex societal challenges and tight fiscal constraints, all participants agreed that social finance offers an opportunity for Canada to mobilize new sources of capital to generate positive social and financial returns. Despite recent advancements in the field of social finance, Canada remains in the early adoption stage and has yet to reach a stage of maturity. Participants agreed that transformational change takes time and commitment; as such, it should such change, reporting that there is increasingly more openness to innovation and more permission to think differently.
While discussions on the value of education often focus on economic gains, the social returns to education are vast and can be reaped at both the individual level (e.g., better health) and societal level (e.g., lower crime rates).
Based on a combination of new and existing analyses, this paper explores the individual benefits and disadvantages associated with education, focusing on civic engagement; health/happiness; crime; and welfare/unemployment. The findings clearly suggest that investing in education has both individual and social benefits. While no causal link can be made between level of education and the returns examined, it is evident that those with some form of postsecondary education (PSE) often fare better than those with no more than a high school education.
While discussions on the value of education often focus on economic gains, the social returns to education are vast and can be reaped at both the individual level (e.g., better health) and societal level (e.g., lower crime rates).
Based on a combination of new and existing analyses, this paper explores the individual benefits and disadvantages associated with education, focusing on civic engagement; health/happiness; crime; and welfare/unemployment. The findings clearly suggest that investing in education has both individual and social benefits. While no causal link can be made between level of education and the returns examined, it is evident that those with some form of postsecondary education (PSE) often fare better than those with no more than a high school education.
Spending on research and development (R&D) in Canada's higher education sector increased 2.3% on a fiscal year basis between 2011/2012 and 2012/2013 to $12.1 billion. The higher education sector is composed of universities and affiliated research hospitals, experimental stations and clinics.
When adjusted for inflation, higher education R&D spending rose 0.6% in 2012/2013, the smallest constant dollar increase in a decade. Provincially, Newfoundland and Labrador, Nova Scotia, Ontario, Alberta and British Columbia increased spending
on R&D in the higher education sector in 2012/2013. While Newfoundland and Labrador posted the largest year-over-year percentage increase in spending, Ontario accounted for most of the national gain in 2012/2013.
Total expenditures on R&D are classified into two fields of science: natural sciences and engineering as well as social sciences and humanities. Overall, about 80% of total R&D expenditures were concentrated on natural sciences and engineering, which rose 2.2% from 2011/2012 to $9.7 billion. Spending on social sciences and humanities R&D increased 2.6% to $2.4 billion.
It has been well documented that the nation’s public colleges, universities, community colleges, and career training centers significantly boost the economic mobility of students who pursue and complete degrees and credentials after high school. The skills students acquire at these higher-education institutions lead to jobs that pay a wage premium in a modern economy. However, for many students, families, and society as a whole, decreasing state investments and increasing student-loan debt is threatening the value of a public postsecondary education—that is to say, the idea that a degree or credential beyond high school will deliver on the promise of a higher standard of living. To make sure that higher education attainment leads to improved outcomes for graduates, it is crucial that national policy choices ensure that public colleges remain affordable for
low- and moderate-income Americans and student-loan debt does not overly burdened graduates as they prepare for the workforce.
While Scott Jeffrey, PhD, was getting his doctorate at the University of Chicago, he investigated which rewards would be the most effective in getting University staff members to improve speed and accuracyiii in the University’s incentive lab. In a controlled study he tested hard cold cash against a variety of non-monetary rewards, such as massages and tangible rewards. He used only a verbal “thank you” for the control group.
INTRODUCTION
Policy-makers have invested in a range of strategies over the last several decades to reduce disparities in college entry and completion by family income. Historically, many of these interventions have focused on improving students’ academic readiness and increasing college affordability for low-income students and their families. i More recently, however, policy-makers and researchers have devoted increasing attention to how the accessibility and presentation of college information impacts whether students apply to college or for financial aid, and the college choices students make. A number of studies have documented, for instance, that students and families from disadvantaged backgrounds either do not know or tend to
substantially overestimate the actual cost of college tuition. Other research has documented how complexities in the Free Application for Federal Student Aid (FAFSA) may deter many students who would qualify for substantial grant and loan assistance from even applying for financial aid A separate line of research suggests that a surprisingly large share of students who have sufficient high school achievement to attend academically-rigorous institutions often only apply to and enroll at essentially open-enrollment colleges and universities.
On October 17 1990, the members of the Canadian Federation of Students presented the first edition of its alternative funding model for post-secondary education. The proposal, entitled Strategy for Change, articulated students’ concerns about public funding for post-secondary education, as well as problems with federal student financial assistance programs.
In the intervening seventeen years since the first version of this document was published, federal funding and student aid policies have changed substantially, as have many provincial approaches to post-secondary education. Perhaps the single over arching trend is the federal government’s retreat from a leadership role in broad higher education policy.