Ep58 How Rich Are The Ivy League Universities, Really? University Endowments Explained

Ep58 How Rich Are The Ivy League Universities, Really? University Endowments Explained

The recent crackdown on federal spending has universities sweating despite the fact that many of them boast huge billion-dollar endowments. So what gives? Why would less money from the federal government be a cause for concern? Where does all that money go? And could there be more to this budget picture than meets the eye?

In this episode, hosts and finance professors Jonathan Berk and Jules van Binsbergen delve into the inner workings of university endowments and how these institutions are balancing their budgets in a way that’s leaving themselves vulnerable to dire financial situations.

Read John Cambell, Jeremy Stein, and Alex Wu’s paper, “Economic Budgeting for Endowment-Dependent Universities” here.


Find All Else Equal on the web:
https://lauder.wharton.upenn.edu/allelse/

All Else Equal: Making Better Decisions Podcast is a production of the UPenn Wharton Lauder Institute through University FM.


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Ep73 “The Dangers of Group Think on Decision Making” with Adi Sunderam

Ep73 “The Dangers of Group Think on Decision Making” with Adi Sunderam

Whether it be in politics, public health, or corporate finance, why are people more likely to interpret facts or data in a way that fits their preconceived notions about the world as opposed to search...

19 Helmi 33min

Ep72 Alternatives vs. Mutual Funds: Where Should You Put Your Money

Ep72 Alternatives vs. Mutual Funds: Where Should You Put Your Money

In the rapid-moving world of delegated money management, it is important to recognize the differences in how mutual funds and alternative assets operate. When it comes to alternatives, how do these fu...

4 Helmi 31min

Ep71 “The Working From Home Revolution” with Nick Bloom

Ep71 “The Working From Home Revolution” with Nick Bloom

When the pandemic hit in 2020, working from home skyrocketed. Six years later, many companies have returned to in-person work, but hybrid models are still the dominant structure. So with WFH here to s...

22 Tammi 28min

Ep70 "The Science Behind Why We Don’t Just Say What We Mean" with Psychologist Steven Pinker - Part 2

Ep70 "The Science Behind Why We Don’t Just Say What We Mean" with Psychologist Steven Pinker - Part 2

In the final part of this two-part interview, Steven Pinker, an experimental psychologist and Harvard professor, again joins hosts and finance professors Jonathan Berk and Jules van Binsbergen to disc...

7 Tammi 23min

Ep69 "The Science Behind Why We Don’t Just Say What We Mean" with Psychologist Steven Pinker - Part 1

Ep69 "The Science Behind Why We Don’t Just Say What We Mean" with Psychologist Steven Pinker - Part 1

Everyday, we participate in seemingly arbitrary but essential choices for society to function. We all agree on what side of the road to drive on, to use paper currency, or to speak the same language. ...

10 Joulu 202523min

Rerun: Ep63 “What Explains the Growth of Private Equity? A Different Perspective” with Ludovic Phalippou

Rerun: Ep63 “What Explains the Growth of Private Equity? A Different Perspective” with Ludovic Phalippou

This holiday week, All Else Equal is looking back at its episode on the growth of private equity with Ludovic Phalippou. Private markets have taken off in the last couple decades, with more investors ...

26 Marras 202535min

Ep68 “Is It Better to Overestimate or Underestimate Your Enemies?” with H.R. McMaster

Ep68 “Is It Better to Overestimate or Underestimate Your Enemies?” with H.R. McMaster

Historically, the U.S. has had a habit of overestimating the capabilities of its enemies. Why? Is this an intentional security strategy? Or does the U.S. need to change the way it gathers enemy intell...

12 Marras 202533min

Ep67 Real Talk on Rent Control: Its Pros and Cons

Ep67 Real Talk on Rent Control: Its Pros and Cons

As the 2025 municipal elections approach, the New York City mayoral race has garnered national buzz, with one issue particularly capturing attention: rent control. On this episode, hosts and finance p...

29 Loka 202527min

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