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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Ep56 “When Should We Lie for the Greater Good?” with John Ioannidis

Ep56 “When Should We Lie for the Greater Good?” with John Ioannidis

Is it acceptable for doctors to lie to their patients, or withhold some of the truth, if it’s in the patient’s best interest? In this episode, hosts and finance professors Jonathan Berk and Jules van ...

12 Helmi 202534min

Ep55 “The Future Of The MBA: From 3 Top Business Schools” with Madhav Rajan

Ep55 “The Future Of The MBA: From 3 Top Business Schools” with Madhav Rajan

As more and more universities move away from full-time MBA programs, what does the future of business education look like? How should it look?  In this episode, hear perspectives from three of the top...

29 Tammi 202532min

Ep54 “The Rise And Fall of Great Societies: Lessons from History” with Victor Davis Hanson

Ep54 “The Rise And Fall of Great Societies: Lessons from History” with Victor Davis Hanson

History shows that as societies rise to greatness, the scales eventually tip back and those societies fall. But what leads to that fall and are we heading toward one?  In this episode, hosts and finan...

15 Tammi 202529min

Rerun: Ep48 “Why CEOs are Underpaid” with Dirk Jenter

Rerun: Ep48 “Why CEOs are Underpaid” with Dirk Jenter

As we ring in the new year, we’re bringing back one of our favorite episodes! Handpicked by Jules and Jonathan, this previous conversation is perfect for starting your year with thought-provoking insi...

2 Tammi 202529min

Ep53 “The Truth About Inflation and Price Caps: Learn From Argentina” with Veronica Rappoport

Ep53 “The Truth About Inflation and Price Caps: Learn From Argentina” with Veronica Rappoport

During the 2024 U.S. presidential election, inflation was one of the most talked about issues, and there was one policy idea to get inflation under control that kept coming up: price caps. But history...

18 Joulu 202426min

Ep52 “Should Legacy Admissions at Universities Be Illegal?” with Patrick Awuah

Ep52 “Should Legacy Admissions at Universities Be Illegal?” with Patrick Awuah

Should legacy admissions at colleges and universities be banned? What are the benefits and tradeoffs of admitting students based on their legacy status? In this episode, hosts and finance professors J...

11 Joulu 202426min

Ep51 Celebrating 50 Episodes: The Biggest All Else Equal Mistakes

Ep51 Celebrating 50 Episodes: The Biggest All Else Equal Mistakes

The All Else Equal: Making Better Decisions podcast has officially done 50 episodes! To commemorate the milestone, hosts and finance professors Jonathan Berk and Jules van Binsbergen look back on some...

14 Marras 202427min

Ep50 “Is Proxy Advising a Catch-22?” with Chester Spatt

Ep50 “Is Proxy Advising a Catch-22?” with Chester Spatt

If the purpose of a proxy advisory firm is to gather information and advise shareholders on how to vote, then how do the firms handle the many different goals and incentives each shareholder brings to...

30 Loka 202424min

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