The relationship between economic and demographic factors and the flow of new students into undergraduate engineering programs was investigated. An empirical analysis was undertaken based on a lagged-supply model developed earlier by Richard Freeman. The analysis involved the replication of the Freeman model over the 1948-1972 period, the extension of the model through 1986, and the forecasting of first-year engineering enrollments up to the year 2000. The model developed in this thesis was able to a accurately mirror the engineering enrollment trends from 1948 to 1986. The economic variables--especially R&D expenditures and starting engineering salaries relative to median income of college graduates--were found to be important factors in the flow of freshmen into engineering. None of the variables relating to demographic trends were found to significantly related to first-year engineering enrollment. The importance of the federal government's role in the engineering labor market through research and development funding is discussed, along with forecasts of possible trends in first-year engineering enrollment. / Master of Arts
| Identifer | oai:union.ndltd.org:VTETD/oai:vtechworks.lib.vt.edu:10919/44088 |
| Date | 01 August 2012 |
| Creators | Syverson, Peter D. |
| Contributors | Economics, Freiden, Alan N., Mackay, Robert J., Meiselman, David I. |
| Publisher | Virginia Tech |
| Source Sets | Virginia Tech Theses and Dissertation |
| Language | English |
| Detected Language | English |
| Type | Thesis, Text |
| Format | iv, 88 leaves, BTD, application/pdf, application/pdf |
| Rights | In Copyright, http://rightsstatements.org/vocab/InC/1.0/ |
| Relation | OCLC# 18399437, LD5655.V855_1988.S983.pdf |
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