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

Author

Listed:
  • 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.

Suggested Citation

  • John P. Formby & Gary Hoover, 2002. "Salary Determinants of Entry-Level Academic Economists and the Characteristics of Those Hired on the Tenure Track," Eastern Economic Journal, Eastern Economic Association, vol. 28(4), pages 509-522, Fall.
    • Handle: RePEc:eej:eeconj:v:28:y:2002:i:4:p:509-522
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    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume28/V28N4P509_522.pdf
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    References listed on IDEAS

    as
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    5. Formby, John P & Gunther, William D & Sakano, Ryoichi, 1993. "Entry Level Salaries of Academic Economists: Does Gender or Age Matter?," Economic Inquiry, Western Economic Association International, vol. 31(1), pages 128-138, January.
    6. Paul J. Pieper & Rachel A. Willis, 1999. "The Doctoral Origins of Economics Faculty and the Education of New Economics Doctorates," The Journal of Economic Education, Taylor & Francis Journals, vol. 30(1), pages 80-88, January.
    7. 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.
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    Cited by:

    1. Jones, Todd R. & Sloan, Arielle A., 2021. "The Academic Origins of Economics Faculty," IZA Discussion Papers 14965, Institute of Labor Economics (IZA).

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    More about this item

    Keywords

    Economists; Labor Markets; Salaries; Salary;
    All these keywords.

    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

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