Demography or Economics? The Impact on Admissions of External Factors

Slides:



Advertisements
Similar presentations
Halftime Highlights Minnesota at Mid-Decade. Minnesota Ranks 1 st in home ownership 2 nd in labor force participation 3 rd highest in high school completion.
Advertisements

Overview of Health Care Coverage and Cost Trends in Minnesota Presentation to the State Budget Trends Study Commission April 22, 2008 Julie Sonier Director,
SELECTED DEMOGRAPHIC AND ECONOMIC INFORMATION FOR PIERCE COUNTY JERRY DEICHERT CENTER FOR PUBLIC AFFAIRS RESEARCH, UNO SEPTEMBER 2014.
By Cruz C. Torres Professor Emeritus Dept. of RPTS Texas A&M University May 25, 2011 Texas – A Majority/Minority State: Social and Economic Implications.
Chapter 6 The Domestic Marketplace. Activity #1 In table groups…List all of the members of your immediate family. Next, decide which MARKET these people.
Demographic Trends and Missouri’s Children Missouri State Board of Education April 21, 2005 Dr. Bill Elder University of Missouri-Columbia Office of Social.
Financial Issues in Higher Education Dr. David F. Finney.
Giving USA 2013 Graph Pack USER’S GUIDE Graphs in this Graph Pack are developed for use in presentations. Purchasers may use the graphs in this Graph Pack.
The Great Economic Unraveling of : Impacts on the U.S. and Texas Bernard L. Weinstein, Ph.D. Cox School of Business Southern Methodist University.
The Perfect Storm Community Service Council of Greater Tulsa - October 2007.
Figure 12.1 American house prices; 12-month moving average, 1987 – 2012 Source: calculations based on data from US Census Bureau; median new house price.
How Key Forces Are Reshaping Dentistry and Myth Busting the Trend Towards Group Practice James L. Willey DDS, MBA Director ADA Council on Dental Practice.
D. Scott Looney, Director of External Affairs Cranbrook Schools, Bloomfield Hills, MI Demography.
Affordability, Access and Social Mobility D. Scott Looney Director of Admission & Financial Aid Cranbrook Schools Bloomfield Hills, Michigan Affordability,
Peterson-Kaiser Health System Tracker How has U.S. spending on healthcare changed over time?
Economics and Statistics Administration U.S. CENSUS BUREAU U.S. Department of Commerce Research on Estimating International Migration of the Foreign-Born.
DBIA-MAR Luncheon February 19, 2013 The U.S. and Washington Area Economies’ Current Economic Performance and Near-Term Outlook Stephen S. Fuller, Ph.D.
Giving USA 2015 The Annual Report on Philanthropy for the Year 2014.
Community Foundation of Collier County Our Mission: To improve the quality of life in Collier County by connecting donors to community needs and providing.
Charlie Cook’s Tour of American Politics and Economics February 23, 2016 First Published: February 13, 2013 Producer: Alexander Perry With Contributions.
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. Chapter 2 Comparative Development: Differences and Commonalities among Developing Countries.
Ahmad Ijaz Center for Business and Economic Research The University of Alabama 28 th Annual Economic Outlook Conference January 14, 2016.
Fiscal and Economic Issues Discussion Group
Economic Trends.
Ways that Economists Measure the Health of the Economy
SENSIBLE LAND USE COALISION
National Association of Governmental Labor Officials
National Economic Conditions
NWSOFA Fiscal & Economic Issues
Medicare Enrollment, NOTES: Numbers may not sum to total due to rounding. People with disabilities under age 65 were not eligible for Medicare.
Series 13 Regional Growth Forecast
Today’s Economic Situation: The Great Recession, The Recovery, Where We (May Be) Going? Principles of Macroeconomics 2/24/12.
Extreme Poverty, Poverty, and Near Poverty Rates for Children Under Age 5, by Living Arrangement: 2015 The data for Extreme Poverty, Poverty, and Near.
2017 Economic Outlook IREM Los Angeles
Measuring Output and Economic Growth
U.S. and Tennessee Economic Outlook: 2017
Comparing Consumption: inter-national and inter-temporal
A SHARED OPPORTUNITY AGENDA
Copyright 2005 Prentice- Hall, Inc.
A15: High School Graduate Trends
Touchstone Community School
Census Natural Increase Natural Migration Population Growth
Mark J. Ryan, Deputy Director Independent Fiscal Office
NAIS Global Schools: A Snapshot
Medicare Enrollment, NOTES: Numbers may not sum to total due to rounding. People with disabilities under age 65 were not eligible for Medicare.
Introduction to the UK Economy
Extreme Poverty, Poverty, and Near Poverty Rates for Children Under Age 5, by Living Arrangement: 2011 The data for Extreme Poverty, Poverty, and Near.
Economic Update & Outlook Arizona State Board of Equalization
Economic Performance.
The Latest Trends in Income, Assets, and Personal Health Care Spending Among People on Medicare November 2015.
The Changing Demographics of Dentistry
Extreme Poverty, Poverty, and
Brown County Financial Decision and Support Model
Extreme Poverty, Poverty, and
Staying Ahead of the Curve: Utah’s Future Health Care Needs
Chapter 13 – Economic Performance
Charting Trends in Independent School
2019 Economic Report to the Governor
Chartbook Section 6 Uninsurance and the Safety Net.
Minnesota Health Care Spending and Cost Drivers
NWSOFA Fiscal & Economic Issues
Economic Performance Chapter 13.
Extreme Poverty, Poverty, and
Texas Demographic Characteristics and Trends
Economic life cycle in Sweden: 1980s, 1990s, & 2000s Daniel Hallberg Institute for Futures Studies, Stockholm 1 Demographic background 2 Institutional.
The Public Agenda 5 Years Later
Demographics, economic development, and the workforce
Extreme Poverty, Poverty, and
Health and Health Care for Blacks in the United States
Oregon Demographic Trends
Presentation transcript:

Demography or Economics? The Impact on Admissions of External Factors D. Scott Looney, Director of External Affairs Cranbrook Schools, Bloomfield Hills, MI 48304 slooney@cranbrook.edu 248-645-3409 For titles and subtitles each word capitalized except articles and prepositions and conjunctions for four or fewer letters. Title and subtitle text appears black on clear/white backgrounds.

Public & Charter Schools The Economy Demography Enrollment: Public & Charter Schools Private (Parochial) Independent

Public & Charter Schools The Economy Demography Enrollment: Public & Charter Schools Private (Parochial) Independent

Assumptions Demography and Economics Matter Probably more than good marketing and admission practices Demographic, Economic and Socio-graphic predictions are only as good as the set of assumptions on which they are based (baby boomlet error). Economic and Demographic trends are relational. When the Economy and Demography are pointed in the same direction (good or bad) they are compounding. It will get either better or worse, eventually…both economic and demographic trends are cyclical… (but only somewhat predicable).

More Assumptions All Demography that matters is local…even to a large extent for boarding schools. The location of a school can either insulate it from negative impacts of national demographic and economic downturns, or intensify the effects. Schools which may feel isolated from national demographic or economic trends, can still be indirectly affected by the Government’s reaction to the trends. Demographic research is essential, and not necessarily difficult or expensive.

Independent Enrollment Questions for Another Day… Private (Parochial) Impact of Growth of other Types of Schools…? Independent Enrollment Private (Parochial) Enrollment Public Enrollment Charter Schools?

Growth in Charter Schools Center for Education Reform

Economy or Demography? Which has the greater impact on enrollment growth: the economy or demographics?

Z - Scores A “Z – Score” is a score that is converted to a common scale where scores from sets of data with different units can be compared. Z = (Raw Score – Mean of Group Scores) Standard Deviation In other words…what is the ratio of the difference in this specific score from the group mean (average) to the standard deviation of this group. Z-score education and explanation courtesy of Tom White, SSATB

Numbers 1 through 10 Graphed Chronologically Numbers 1 through 10 Converted to Z scores

Z Scores (Raw Score – Mean) / Standard Deviation Private, Public, NAIS Enrollment (3 –17 yrs), K to 12th , SSAT Test Takers and GDP

Z Scores (Raw Score – Mean) / Standard Deviation Private, Public, NAIS Enrollment (3 –17 yrs), K to 12th , SSAT Test Takers and GDP National Center for Education Statistics 2001

Public, Private and NAIS Enrollments 1986-1999 1990

Private and NAIS Enrollments 1986-1999 1990 1993

NAIS Enrollments 1986-1999 1989 & 1990

K- 12th Public, Private, NAIS Core School Enrollment, SSAT Test Takers, GDP and Per Capita Income in Relation to Population of Children (Difference in Z-Scores of School Age Children, 1986 - 1999) SSATB, The Bureau of Economic Analysis & The National Center for Education Statistics 2001

K- 12th Public, Private & NAIS Core School Enrollment, Population of School Age Children, SSAT Test Takers in Relation to Gross Domestic Product (GDP) 1986 to 1999 (Difference in Z-Scores from the Public School Enrollment) NAIS, SSATB, The Bureau of Economic Analysis & The National Center for Education Statistics 2001

9th - 12th Private School Enrollment, NAIS Core School Enrollment, SSAT Test Takers and GDP in Relation to Public School Enrollments (Difference in Z-Scores from the Public School Enrollment, 1986-1999) NAIS, SSATB, The Bureau of Economic Analysis & The National Center for Education Statistics 2001

9th - 12th Public, Private & NAIS Core School Enrollment, SSAT Test Takers in Relation to Gross Domestic Product (GDP) (Difference in Z-Scores from the Gross Domestic Product – Inflation Adjusted, 1986 to 1999) NAIS, SSATB, The Bureau of Economic Analysis & The National Center for Education Statistics 2001

Enrollment

Public vs. Private Enrollment Growth 2000-2011 (Z-scores) National Center for Education Statistics 2001 SOURCE: U.S. Department of Education, National Center for Education Statistics, Statistics of Public Elementary and Secondary Schools; Common Core of Data surveys; Private School Universe Survey, various years; and National Elementary and Secondary Enrollment Model. (This table was prepared May 2001.)

Enrollment Growth N.A.I.S. vs. Public and Parochial NAIS Statistics 1997, Vol.1

The Large get Larger, the Small get Smaller N. A. I. S The Large get Larger, the Small get Smaller N.A.I.S. - Enrollment Growth by School Size (1987-1997) NAIS Statistics 1998, Vol 1.

N.A.I.S. - Enrollment Growth by School Type (1989-1999) NAIS Statistics 2000, Vol 1.

SSAT Test Takers 1956 to 1999 Courtesy of SSATB

Private School Enrollment Projection by National Department of Education (in thousands) National Center for Education Statistics 2001

Population Demographics

U.S. Population Growth, 1950 to 2000 Source: US Census 2000 Brief: Population Change and Distribution, 1990-2000

Number of Births (in thousands) in the United States, 1909 - 1994 Age 43 Age 28 Age 12 American Demographics, 1997 Age

Numbers of Births in the United States 1951-2011 SOURCE: U.S. Department of Commerce, Bureau of the Census, Current Population Reports, Series P-25, Nos. 1092, 1095, and "National Population Estimates for the 1990s," January 2001, and "Annual Projections of the Total Resident Population: 1999 to 2100," January 2000; and U.S. Department of Health and Human Services, National Center for Health Statistics (NCHS), Annual Summary of Births, Marriages, Divorces, and Deaths: United States, various years, National Vital Statistics Reports; and unpublished tabulations. (This table was prepared May 2001.) National Center for Education Statistics 2001

U.S. Population by Age, 2000 Boomers Boomlet

U.S. Population by Age, 2025 Boomers Boomlet

U.S. Population by Age, 2050 Boomers Boomlet

U.S. Population by Age, 2100 Boomlet

The Boomlet Distribution American Demographics June 1999

Populations of School Age Children 1986 to 2011 (in thousands) SOURCE: U.S. Department of Commerce, Bureau of the Census, Current Population Reports, Series P-25, Nos. 1092, 1095, and "National Population Estimates," June 1999, and "Annual Projections of the Total Resident Population: 1999 to 2100," January 2000. (This table was prepared June 2001.)

Populations of Children Age 14 to 17 from 1986 to 2011 (in thousands) SOURCE: U.S. Department of Commerce, Bureau of the Census, Current Population Reports, Series P-25, Nos. 1092, 1095, and "National Population Estimates," June 1999, and "Annual Projections of the Total Resident Population: 1999 to 2100," January 2000. (This table was prepared June 2001.)

School age U.S Population to 2050 (in thousands)

U.S. Teen Population ages 12-19 (in millions) “What number do you think is the ideal number of children for a family to have?” Two Children More than Two 1976 1986 1996 1976 1986 1996 50% 50% 55% 33% 37% 29% General Social Survey National Opinion Research Center University of Chicago, 1997 +9% +7% +3%

School Age Population Between 1996 and 2004 the numbers of school age children is projected to increase each year. Between 2005 and 2010 the numbers of school age children should be stagnant or decreasing slightly each year. Between 2010 and 2020 there will be dramatically decreasing numbers of school age children, so… Between 1996 and 2020 the total number of school age children will increase very little. After 2020 there should be a dramatic increase in the number of school age children.

Suburbs Gain (percent living in central cities, suburbs and non-metropolitan areas, 1950 and 1998)

Economic Factors

Per Capita Income 1986 to 2011 SOURCE: U.S. Department of Education, National Center for Education Statistics, Statistics of State School Systems; Common Core of Data survey; Early Estimates survey; and Revenue Receipts from State Sources Model; DRI•WEFA, "U.S. Quarterly Model," and National Education Association, Estimates School Statistics. (Latest edition 2001. Copyright 2001 by the National Education Association. All rights reserved.) (This table was prepared June 2001.)

Gross Domestic Product (in Billions) 1929 to 2000 in Real Dollars and 1996 Constant Dollars

Births Logged for Peak in Family Spending The Spending Wave Births Logged for Peak in Family Spending Immigration 70,000 U.S. Births Logged for Peak Spending 50,000 30,000 Dow Adjusted For Inflation 10,000 5,000 1,000 Dow H.S. Dent Foundation, from American Demographics, December 2000

Consumer Spending Spending The Baby Boomers Age Peak in Spending 2000 H.S. Dent Foundation from American Demographics, Dec. 2000

Average Household Spending by Age Group Indexed to 100, 1997 Average Total American Demographics April 1999

Income Demographic from 1997 to 2020 (in thousand of families) Number of Families (in Thousands) ISACS homepage: (www.isacs.org)

Income Demographic in thousand of families (from $75,000 to over $150,000) Number of Families (in Thousands) ISACS homepage: (www.isacs.org)

Percent of Household with Incomes of $100,000 or more, 1980-1997 (in 1997 dollars) In 1996, 67% of Americans agreed with the statement: “Both the husband and the wife should contribute to the household income.” In 1986, only 48% felt this way. General Social Survey National Opinion Research Center University of Chicago, 1997 American Demographics, Jan. 1999

Average Family Income by Educational Attainment of the Householder, 1997

Median Family Income by Educational Attainment of Householder, 1973 & 1997 (in 1997 dollars)

Percent Change in Average Household Spending by Age Group 1987 to 1997 (in 1997 Dollars) American Demographics April 1999

For more resources on this topic, go to www.nais.org slooney@cranbrook.edu