This paper was presented to a meeting of the Wellington Exchange, an international group of higher education officials, in December 2008. One of the topics of the meeting was around the issue of possible skills shortages emerging as a result of demographic trends, with the ageing of the population of developed countries. The paper argues that this…

Most economists expect the current economic downturn to be one of the most severe since World War II. In fact, there is a very real danger that the changing circumstances of students, families, state and federal governments, and educational institutions could interact to significantly diminish educational opportunity in the United States. The most…

The authors examine how the American economy has experienced sharp contractions in overall levels of output, income, and wealth resulting from the recent financial crisis, and how these losses have had an impact on the nation's labor market. The significance of these trends to American higher education is summarized in these terms: "Large labor…

There is no good method of regulating the educational system based on specific, numerical measurements of labor requirements, and it will be important to integrate uncertainty into future forecasts. Adjustments in demand and supply of educated labor in Norway require a decentralized authority structure providing incentives for institutions and the…