Analysis of the Return on Investment and Economic Impact of Education

Contents

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ACKNOWLEDGMENTS

C H A P T E R 4 : SENSITIVITY ANALYSIS Alternative education variable / 35 Labor import effect variable / 36 Student employment variables / 36 Discount rate / 37

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EXECUTIVE SUMMARY Economic Impact Analysis / 4 Investment Analysis / 5

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INTRODUCTION

C H A P T E R 5 : CONCLUSION

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C H A P T E R 1 : PROFILE OF MONROE COMMUNITY COLLEGE AND THE ECONOMY

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Resources and References

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Appendix 1: Glossary of Terms

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Appendix 2: Frequently Asked Questions (FAQs)

MCC employee and finance data / 7 The Monroe County economy / 10

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Appendix 3: Example of Sales versus Income

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Appendix 4: Emsi MR-SAM

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C H A P T E R 2 : ECONOMIC IMPACTS ON THE MONROE COUNTY ECONOMY Operations spending impact / 13 Student spending impact / 15 Alumni impact  / 17 Total impact of MCC / 20

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Appendix 5: Value per Credit Hour Equivalent and the Mincer Function

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Appendix 6: Alternative Education Variable

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Appendix 7: Overview of Investment Analysis Measures

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Appendix 8: Shutdown Point

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C H A P T E R 3 : INVESTMENT ANALYSIS Student perspective / 22 Taxpayer perspective / 27 Social perspective / 29 Conclusion / 34

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Appendix 9: Social Externalities

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