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Salary Determinants of Entry-Level Academic Economists and the Characteristics of Those Hired on the Tenure Track

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Author Info
John P. Formby (University of Alabama)
Gary Hoover () (University of Alabama)
Abstract

This paper examines the entry-level labor market for academic economists and investigates the determinants of market salaries. The focus is on the effects of tenure and nontenure track jobs and departmental ranking that are based upon faculty research productivity. The results reveal that the market works differently depending upon whether the hiring department is ranked in terms of research productivity. Being hired on the tenure track significantly influences academic salaries in both ranked and unranked departments. The paper also analyzes the impact of observable characteristics of individuals and hiring departments on the probability of being hired into tenure track positions.

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File URL: http://college.holycross.edu/eej/Volume28/V28N4P509_522.pdf
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Publisher Info
Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

Volume (Year): 28 (2002)
Issue (Month): 4 (Fall)
Pages: 509-522
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:eej:eeconj:v:28:y:2002:i:4:p:509-522

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Postal: Dr. Mary H. Lesser, Department of Economics, Iona College, New Rochelle, NY 10801-1890
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Web: http://www.iona.edu/eea/publications/subandmem.htm

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Related research
Keywords: Economists; Labor Markets; Salaries; Salary;

Other versions of this item:

Find related papers by JEL classification:
A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Ronald G. Ehrenberg & Paul J. Pieper & Rachel A. Willis, 1998. "Do Economics Departments With Lower Tenure Probabilities Pay Higher Faculty Salaries?," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 503-512, November. [Downloadable!] (restricted)
  2. Dumond, J Michael & Hirsch, Barry T & Macpherson, David A, 1999. "Wage Differentials across Labor Markets and Workers: Does Cost of Living Matter?," Economic Inquiry, Oxford University Press, vol. 37(4), pages 577-98, October.
    Other versions:
  3. Formby, John P & Gunther, William D & Sakano, Ryoichi, 1993. "Entry Level Salaries of Academic Economists: Does Gender or Age Matter?," Economic Inquiry, Oxford University Press, vol. 31(1), pages 128-38, January.
  4. Raymond, Richard D & Sesnowitz, Michael L & Williams, Donald R, 1988. "Does Sex Still Matter? New Evidence from the 1980s," Economic Inquiry, Oxford University Press, vol. 26(1), pages 43-58, January.
  5. Paul J. Pieper & Rachel A. Willis, 1999. "The Doctoral Origins of Economics Faculty and the Education of New Economics Doctorates," Journal of Economic Education, Helen Dwight Reid Foundation, vol. 30(1), pages 80-88. [Downloadable!]
  6. John J. Siegfried & Wendy A. Stock, 1999. "The Labor Market for New Ph.D. Economists," Journal of Economic Perspectives, American Economic Association, vol. 13(3), pages 115-134, Summer. [Downloadable!] (restricted)
  7. Blomquist, Glenn C & Berger, Mark C & Hoehn, John P, 1988. "New Estimates of Quality of Life in Urban Areas," American Economic Review, American Economic Association, vol. 78(1), pages 89-107, March. [Downloadable!] (restricted)
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