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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Rerun: Ep47 “Is the US National Debt Sustainable?” with Mohamed El-Erian

Rerun: Ep47 “Is the US National Debt Sustainable?” with Mohamed El-Erian

For the summer season, All Else Equal will be alternating between new episodes and reruns. On this week’s episode, we’re revisiting our conversation with Mohamed El-Erian on the intricacies of nationa...

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Ep62 “The Cost of Social Compliance: Exploring Preference Falsification" with Timur Kuran

Ep62 “The Cost of Social Compliance: Exploring Preference Falsification" with Timur Kuran

Is the emperor wearing clothes?  Hosts and finance professors Jonathan Berk and Jules van Binsbergen are joined by economist and political scientist Timur Kuran who wrote the book, Private Truths, Pub...

22 Maj 202533min

Ep61 “Pursuit for Academic Freedom” with Richard Saller

Ep61 “Pursuit for Academic Freedom” with Richard Saller

If universities believe they should be free from government interference and that students and faculty have the right to freely express whatever viewpoints they hold, then the universities should be h...

7 Maj 202530min

Ep60 “A Trade Deficit? More Like a Capital Surplus” with John Cochrane

Ep60 “A Trade Deficit? More Like a Capital Surplus” with John Cochrane

What exactly is a trade deficit? And why are so many policymakers fixated on it? Lately, the trade deficit in the U.S. is taking the bulk of the blame for the economic situation we’re in and it’s one ...

23 Apr 202528min

Ep59 “Why Tariffs Are Not The Ultimate Trade Weapon” with Dani Rodrik

Ep59 “Why Tariffs Are Not The Ultimate Trade Weapon” with Dani Rodrik

With President Trump’s tariffs on Canada, Mexico, China, and other countries now in full swing, what consequences from an economic standpoint could the U.S. be facing? And what was the path that led u...

9 Apr 202532min

Rerun: Ep36 “Institutional Neutrality: Open Debate and Moral Stands” with John Etchemendy

Rerun: Ep36 “Institutional Neutrality: Open Debate and Moral Stands” with John Etchemendy

All Else Equal is taking a little spring break, so on this episode we’re revisiting a fascinating conversation on what happens when universities step off the sidelines and take a stance on contentious...

12 Mars 202525min

Ep57 “Effective Communication: Trump vs. Reagan” with Peter Robinson

Ep57 “Effective Communication: Trump vs. Reagan” with Peter Robinson

One key to effective negotiation is to keep your opponent guessing by randomizing your strategy. And right now, there might not be a more prolific example of this kind of strategy than President Donal...

26 Feb 202536min

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