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National Bureau of Economic Research

How the Great Recession Affected Higher Education

Jeffrey Brown and Caroline Hoxby, Organizers

NBER, 1050 Massachusetts Avenue
Cambridge, MA

September 27 and 28, 2012

Thursday, September 27, 2012
Chairman: James Poterba, Massachusetts Institute of Technology and NBER
1:00 pm	Jeffrey Brown, University of Illinois and NBER Caroline Hoxby, Stanford University and NBER
	Conference Overview
1:05 pm	Caroline Hoxby, Stanford University and NBER
	Financial Rules for Universities Based on their Objectives and Constraints
1:55 pm	Keith Brown, University of Texas
	Christian Tiu, SUNY at Buffalo
	The Interaction of Spending Policies, Asset Allocation Strategies, and Investment Performance at University Endowment Funds
2:45 pm	Break
3:00 pm	William Goetzmann, Yale University and NBER
	Sharon Oster, Yale University
	Competition Among University Endowments
3:50 pm	Panel Discussion on Endowment Management
	Scott Wise, Covariance Capital
	John Griswold, Commonfund Institute
	Jane Mendillo, Harvard Management Company
4:50 pm	Adjourn
5:00 pm	Shuttle bus to the Charles Hotel
6:30 pm	Dinner, Henrietta’s Table, The Charles Hotel, One Bennett Street, Cambridge
Friday, September 28, 2012
8:00 am	Continental breakfast and shuttle departs the Charles Hotel
Chairman: Caroline Hoxby, Stanford University and NBER
8:30 am	Jeffrey Brown, University of Illinois and NBER
	Stephen Dimmock, Nanyang Technological University
	Scott Weisbenner, University of Illinois and NBER
	The Supply of and Demand for Charitable Donations to Higher Education
9:20 am	David Chambers, University of Cambridge
	Elroy Dimson, London Business School
	Justin Foo, University of Cambridge
	Keynes, King’s and Endowment Asset Management
10:10 am	Break
10:25 am	Eric Bettinger, Stanford University and NBER
	Betsy Williams, Stanford University
	Federal and State Financial Aid During the Great Recession
11:15 am	Panel Discussion on the Financial Impact of the Great Recession on Universities
	Mike Knetter, President University of Wisconsin Foundation
	Lawrence Bacow, President Emeritus, Tufts University
	Nancy Cantor, Chancellor and President, Syracuse University
12:15 pm	Lunch
Chairman: Jeffrey Brown, University of Illinois and NBER
1:15 pm	Bridget Long, Harvard University and NBER
	The Financial Crisis and Declining Affordability: How have Students and their Families Responded?
2:05 pm	Sarah Turner, University of Virginia and NBER
	The Financial Crisis and Faculty Labor Markets
2:55 pm	Break
3:10 pm	Caroline Hoxby, Stanford University and NBER
	Jon Meer, Texas A&M University
	Michael Dinerstein, Stanford University
	Pablo Villanueva, Stanford University
	Did the Stimulus Work for Universities?
4:00 pm	Panel Discussion on How the Financial Crisis Affected Universities
	Stanley Ikenberry, President Emeritus, University of Illinois
	Morton Schapiro, President, Northwestern University
	John Etchemendy, Provost and Acting President, Stanford University
5:00 pm	Adjourn