The Globalization of Postsecondary Education: The Role of International Students in the US Higher Education System

Author:

Bound John1,Braga Breno2,Khanna Gaurav3,Turner Sarah4

Affiliation:

1. John Bound is George E. Johnson Collegiate Professor of Economics, University of Michigan, Ann Arbor, Michigan.

2. Breno Braga is Senior Research Associate, Urban Institute, Washington, DC.

3. Gaurav Khanna is Assistant Professor of Economics, School of Global Policy and Strategy, University of California at San Diego, La Jolla, California.

4. Sarah Turner is University Professor of Economics and Education, Souder Family Professor, University of Virginia, Charlottesville, Virginia. Bound and Turner are also Research Associates, National Bureau of Economic Research, Cambridge, Massachusetts.

Abstract

In the four decades since 1980, US colleges and universities have seen the number of students from abroad quadruple. This rise in enrollment and degree attainment affects the global supply of highly educated workers, the flow of talent to the US labor market, and the financing of US higher education. Yet, the impacts are far from uniform, with significant differences evident by level of study and type of institution. The determinants of foreign flows to US colleges and universities reflect both changes in student demand from abroad and the variation in market circumstances of colleges and universities, with visa policies serving a mediating role. The consequences of these market mechanisms impact global talent development, the resources of colleges and universities, and labor markets in the United States and countries sending students.

Publisher

American Economic Association

Subject

Economics and Econometrics,Economics and Econometrics

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