Negative returns to seniority: New evidence in academic markets
AbstractRecent research has suggested that the long-observed negative association between seniority and pay among college faculty largely reflects below-average research productivity of senior faculty-a possibility that most earlier studies did not examine. Overlooked in both waves of studies, however, is match quality. Because the higher quality of the faculty/institutional match implied by higher seniority should, all else equal, result in higher salaries, failure to account for match quality inflates the estimated returns to seniority. Indeed, that positive bias, the authors find, is roughly equal in magnitude to the negative bias caused by failure to account for research quantity and quality. When they account for both match quality and faculty research productivity in an analysis of data on economics faculty at five research universities over a 21-year period, the authors estimate that, holding experience and other factors constant, the penalty for twenty years of seniority is 16% of salary. (Author's abstract.)
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by ILR Review, Cornell University, ILR School in its journal ILR Review.
Volume (Year): 56 (2003)
Issue (Month): 2 (January)
Postal: 381 Ives East, Cornell University, Ithaca, NY 14853-3901
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Vegard Skirbekk, 2003. "Age and individual productivity: a literature survey," MPIDR Working Papers WP-2003-028, Max Planck Institute for Demographic Research, Rostock, Germany.
- Hilmer, Christiana E. & Hilmer, Michael J. & Ransom, Michael R., 2012. "Fame and the Fortune of Academic Economists: How the Market Rewards Influential Research in Economics," IZA Discussion Papers 6960, Institute for the Study of Labor (IZA).
- Wendy A. Stock & John J. Siegfried, 2006.
"Where Are They Now? Tracking the Ph.D. Class of 1997,"
Southern Economic Journal,
Southern Economic Association, vol. 73(2), pages 472â488, October.
- Wendy A. Stock & John J. Siegfried, 2006. "Where are they Now? Tracking the Ph.D. Class of 1997," Vanderbilt University Department of Economics Working Papers 0605, Vanderbilt University Department of Economics.
- Carolyn Pitchik, 2008.
Journal of Institutional and Theoretical Economics (JITE),
Mohr Siebeck, Tübingen, vol. 164(3), pages 381-406, September.
- Carolyn Pitchik, 2006. "Self-Promoting Investments," Working Papers tecipa-229, University of Toronto, Department of Economics.
- Carolyn Pitchik & Aloysius Siow, 1997. "Self-Promoting Investments," Working Papers pitchik-97-01, University of Toronto, Department of Economics.
- Carolyn Pitchik, 2008. "Self-Promoting Investments," Working Papers tecipa-312, University of Toronto, Department of Economics.
- Price, Gregory N., 2009. "The problem of the 21st century: Economics faculty and the color line," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(2), pages 331-343, March.
- Barth, Erling & Dale-Olsen, Harald, 2009.
"Monopsonistic Discrimination, Worker Turnover, and the Gender Wage Gap,"
IZA Discussion Papers
3930, Institute for the Study of Labor (IZA).
- Barth, Erling & Dale-Olsen, Harald, 2009. "Monopsonistic discrimination, worker turnover, and the gender wage gap," Labour Economics, Elsevier, vol. 16(5), pages 589-597, October.
- repec:dgr:uvatin:2007044 is not listed on IDEAS
- Barbezat, Debra A., 2004. "Revisiting the seniority wage effect for faculty," Economics Letters, Elsevier, vol. 82(2), pages 289-294, February.
- Crosta, Peter M. & Packman, Iris G., 2005. "Faculty productivity in supervising doctoral students' dissertations at Cornell University," Economics of Education Review, Elsevier, vol. 24(1), pages 55-65, February.
- Izmirlioglu, Yusuf, 2008. "The Impact of Population Ageing on Technological Progress and TFP Growth, with Application to United States: 1950-2050," MPRA Paper 24687, University Library of Munich, Germany.
- Uschi Backes-Gellner, 2003. "Karriereanreize für Wissenschaftler an Hochschulen im deutsch-amerikanischen Vergleich," Working Papers 0051, University of Zurich, Institute for Strategy and Business Economics (ISU), revised Jan 2004.
- Christiana Hilmer & Michael Hilmer, 2010. "Do Public Ph.D.-Granting Economics Departments Invert Salaries?," Economics Bulletin, AccessEcon, vol. 30(2), pages 924-932.
- Barthel, Jens, 2008. "Can age discrimination be justified with a lower productivity of older workers?," MPRA Paper 14682, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ILR Review).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.