optimal stipend policy for science and engineering n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Optimal Stipend Policy for Science and Engineering PowerPoint Presentation
Download Presentation
Optimal Stipend Policy for Science and Engineering

Loading in 2 Seconds...

play fullscreen
1 / 12

Optimal Stipend Policy for Science and Engineering - PowerPoint PPT Presentation


  • 92 Views
  • Uploaded on

Optimal Stipend Policy for Science and Engineering. Richard Freeman NBER, SEWP June 18, 2004 NSF Washington DC. What does Science Workforce Policy Seek to Maximize?. Numbers of Graduates Quality of Graduates Field allocation Current science output Minimal Time to Degree

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Optimal Stipend Policy for Science and Engineering' - harlan


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
optimal stipend policy for science and engineering
Optimal Stipend Policy for Science and Engineering

Richard Freeman

NBER, SEWP

June 18, 2004

NSF Washington DC

what does science workforce policy seek to maximize
What does Science Workforce Policy Seek to Maximize?
  • Numbers of Graduates
  • Quality of Graduates
  • Field allocation
  • Current science output
  • Minimal Time to Degree
  • Demographic distribution
  • Well-being of Graduates
economics view
Economics View:
  • High quality labor to advance science and engineering for economic benefit of country
  • High quality labor for national security
  • AS CHEAPLY AS COUNTRY CAN GET IT
stipends have potential impact on supply side
Stipends have potential impact on Supply-side

Front end rewards can have large impact on decisions bcs signal and discounting

Gov’t fellowships limited to citizens/ residents can affect US supply

Can alter # and $ of awards  can affect quality and quantity; can affect TTD, attrition

quality and quantity
Quality and Quantity

Quality measures – rather poor for early decisions

 random selection into grad schools??

Quantity – Established programs have not increased much, so growth is in newer “lower quality”

NSB and other discussion has been about quantity

But huge effort to allocate on basis of quality

two models of quality
Two models of quality

1) Math jocks can do nothing else

raise $  quality no change

raise #s  quality down; quantity up;

2) Math jocks are superstars

raise $  quality up;

raise #s  quality fall (universities accept rejectees)

poor measures of quality
Poor Measures of Quality

Need to know who is on the margin – who might have come if better opportunity

From attrition data, seems that marginal leavers and completers rather similar

Our evidence – unclear

BUT these are GRE, GPA, etc very imperfect for measuring “true quality”

complexities on stipends as tool
Complexities on Stipends as Tool

Govt does not control stipends nationally; influences only

NSF does not control govt stipends

Budget constraints  #s $s tradeoff

Alternative forms of support

Post-Doc RA pay

Universities/nonprofits

Taxation

Medical Coverage

complexities of stipends in market
Complexities of Stipends in Market

If stipend values increase RA, TA pay

can have demand effect

puts strain on universities

If grad students become more expensive, substitute post-docs, pay greatly affected by NRSA

some possibilities
Some Possibilities

Differentiate $ by field or area cost of living

Alter the timing: 5 years and out

Link to post-PhD career

awards to increase post-doc independence

Give students a schedule that they could choose: $200K for your PhD education

if graduate in 5 years, 40K;

if graduate in 4 years 50K

Pilot experiments – review university/non NSF experiences

conclusion
Conclusion

IF SERIOUS ABOUT INCREASING US #s, STIPENDS ARE IMPORTANT TOOL

KEY IS TO IMPROVE CAREER ATTRACTIVENESS

FRONTLOADING PAY

HAVE TO PAY TO INCREASE SUPPLY

radical thought
Radical thought

COSTS ARE MINUTE COMPARED TO OTHER GOVT SPENDING\

BENEFITS ARE POTENTIALLY IMMENSE