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Academic Salaries in the UK and US

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  • Stevens, Philip Andrew

Abstract

We examine the wages of graduates inside and outside of academe in both the UK and US. We find that in both the UK and the US an average graduate working in the HE sector would earn less over his or her lifetime than graduates working in non-academic sectors. The largest disparity occurs throughout the earlier and middle career period and so if people discount their future earnings, the difference will be even greater than these figures suggest. Academics in the UK earn less than academics in the US at all ages. This difference cannot be explained by differences in observable characteristics such as age, gender or ethnicity. This leads us to conclude that the differences in UK and US academic wages are unlikely to be due to differences in the academics themselves, but rather to differences in labour markets generally and in systems of higher education between the two countries, which suggests that there is a strong pay incentive for academics to migrate from the UK to the US.

Suggested Citation

  • Stevens, Philip Andrew, 2004. "Academic Salaries in the UK and US," National Institute Economic Review, National Institute of Economic and Social Research, vol. 190, pages 104-113, October.
    • Handle: RePEc:cup:nierev:v:190:y:2004:i::p:104-113_10
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    Cited by:

    1. Mikhail Gershman & Tatiana Kuznetsova, 2013. "Efficient Contract in the R&D Sector: Key Parameters," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 7(3), pages 26-36.
    2. Smith, Sarah Jane & Urquhart, Vivien, 2018. "Accounting and finance in UK universities: Academic labour, shortages and strategies," The British Accounting Review, Elsevier, vol. 50(6), pages 588-601.
    3. Maria Rosaria Carillo & Erasmo Papagni, 2006. "Social Rewards in Science and Economic Growth," Discussion Papers 10_2006, D.E.S. (Department of Economic Studies), University of Naples "Parthenope", Italy.
    4. Philip Stevens, 2005. "The job satisfaction of English academics and their intentions to quit academe," Labor and Demography 0512005, University Library of Munich, Germany.
    5. Benjamin Balsmeier & Maikel Pellens, 2016. "How much does it cost to be a scientist?," The Journal of Technology Transfer, Springer, vol. 41(3), pages 469-505, June.
    6. Civera, Alice & Lehmann, Erik E & Meoli, Michele & Paleari, Stefano Paleari, 2023. "The Attractiveness of European Higher Education Systems: A Comparative Analysis of Faculty Remuneration and Career Paths," University of California at Berkeley, Center for Studies in Higher Education qt08x00432, Center for Studies in Higher Education, UC Berkeley.

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