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Tenure and Other Unusual Personnel Practices in Academia

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Author Info
Siow, Aloysius

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Abstract

Modern universities sell (teach) knowledge of social and scientific advances. In carrying out their objective, universities have to address three related constraints: the problem of specialization as knowledge expands, research obsolescence, and the informational asymmetries between a university and its faculty. This article explores how distinctive features of academia, including peer review, tenure, up or out rules, the negative seniority wage premium, the role of outside offers, and the proliferation of academic journals alleviate these constraints. This article also studies how these issues affect the evolution of the organization of academia in North America. Copyright 1998 by Oxford University Press.

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Publisher Info
Article provided by Oxford University Press in its journal Journal of Law, Economics and Organization.

Volume (Year): 14 (1998)
Issue (Month): 1 (April)
Pages: 152-73
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Handle: RePEc:oup:jleorg:v:14:y:1998:i:1:p:152-73

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Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
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  1. Khovanskaya, Irina & Sonin, Konstantin & Yudkevich, Maria, 2008. "Budget Uncertainty and Faculty Contracts: A Dynamic Framework for Comparative Analysis," CEPR Discussion Papers 6744, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  2. A. Abigail Payne & Aloysius Siow, 1998. "Estimating the Effects of Federal Research Funding on Universities using Alumni Representation on Congressional Appropriations Committees," Working Papers siow-99-02, University of Toronto, Department of Economics. [Downloadable!]
  3. Cater, Bruce & Lew, Byron & Pivato, Marcus, 2009. "Why tenure?," MPRA Paper 14823, University Library of Munich, Germany. [Downloadable!]
  4. Ian Ayres & Colin Rowat & Nasser Zakariya, 2004. "Optimal two stage committee voting rules," Game Theory and Information 0412006, EconWPA. [Downloadable!]
    Other versions:
  5. J. Stephen Ferris & Michael McKee, 2002. "Measuring Academic Potential: A Case for Academic Tenure and Process," Carleton Economic Papers 02-06, Carleton University, Department of Economics. [Downloadable!]
  6. Arjo Klamer & Hendrik P. van Dalen, 2002. "Attention and the art of scientific publishing," Journal of Economic Methodology, Taylor and Francis Journals, vol. 9(3), pages 289-315, November. [Downloadable!] (restricted)
    Other versions:
  7. Carolyn Pitchik, 2006. "Self-Promoting Investments," Working Papers tecipa-229, University of Toronto, Department of Economics. [Downloadable!]
    Other versions:
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