Abstract
Will the education sector be immune from the financial debacle caused by Covid-19? The impact will be acute, universities in the United Kingdom, for example, has recognized serious financial challenges ahead and London Economics is indicating a potential sector-wide loss of tuition fees of 2.6 billion pounds next year. This will be hard for the private universities which mainly derive their income from registration fees and donations. However, the public universities will also be hit financially by Covid-19, since a lower-income at the national level will reduce the government’s funding. With further pressure likely to land on research funding from public, charitable, and commercial sources, universities, in general, will be facing significant financial challenges ahead. To offset drops in government funding higher education institutions might, as a measure of cost-saving, stagnate or even decline the number of full-time permanent positions, and shift to casual or contract positions. Switching a tenure position to a contractual appointment will be juridical difficult, probably not possible. But it is not unlikely, that when full-time professors retire, the vacancies will be filled with a casual or contract position. Thus, it is to be expected that in the coming years the number of tenure positions in higher education will drop.
Highlights
¿Resultará inmune el sector de la educación a la debacle financiera causada por la Covid-19? El impacto será agudo, las universidades del Reino Unido, por ejemplo, han reconocido serios desafíos financieros por delante y London Economics indica una posible pérdida de ingresos por matrículas, en todo el sector, de 2,600 millones de libras el próximo año
The remaining academic staff, on average 60% is casual or contracted, possessing a contract varying in duration from one to several semesters
A similar study in Australia highlights that 60% of the teaching staff in higher education institutions are contracted or casual, and the percent is increasing
Summary
¿Resultará inmune el sector de la educación a la debacle financiera causada por la Covid-19? El impacto será agudo, las universidades del Reino Unido, por ejemplo, han reconocido serios desafíos financieros por delante y London Economics indica una posible pérdida de ingresos por matrículas, en todo el sector, de 2,600 millones de libras el próximo año. Con una mayor presión que probablemente recaiga sobre la financiación de la investigación, por parte de fuentes públicas, benéficas y comerciales, las universidades, en general, se enfrentarán a importantes desafíos financieros en el futuro. Para compensar la menor financiación gubernamental, las instituciones de educación superior podrían, como medida de ahorro de costos, estancar e incluso disminuir el número de puestos permanentes a tiempo completo y cambiar a puestos ocasionales o por contrato.
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