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Let the Sunshine in: An Analysis of the Placement and Pay of University Presidents and the Effects of Open Records Statutes

Author

Listed:
  • Larry D. Singell

    (Indiana University – Bloomington)

  • Mark Stater

    (Trinity College)

  • Hui-Hsuan Tang

    (National Taipei University)

Abstract

This paper examines how personal, institutional, and legal factors affect where college presidents are placed and how much they earn given their placements. We find that controlling for selection into institutional type is important, suggesting that presidents nonrandomly sort into institutions based on unobserved characteristics that also relate to wages. We also find evidence that state “sunshine” laws governing whether applicants’ names must be disclosed in searches are related to placements and wages. Presidents hired in states that exempt the names of all but finalists from disclosure are more likely to be placed in public research universities and less likely to be placed in private institutions. There is also evidence that presidents hired in open records states earn compensating differentials, but we are ultimately unable to distinguish this from a state-specific effect. We also find wage discounts for presidents hired at times with larger numbers of states with open records and with exemptions to disclosure for non-finalists. Thus, presidents and institutions appear to respond to market-wide incentives created by sunshine laws.

Suggested Citation

  • Larry D. Singell & Mark Stater & Hui-Hsuan Tang, 2018. "Let the Sunshine in: An Analysis of the Placement and Pay of University Presidents and the Effects of Open Records Statutes," Journal of Labor Research, Springer, vol. 39(4), pages 405-432, December.
    • Handle: RePEc:spr:jlabre:v:39:y:2018:i:4:d:10.1007_s12122-018-9274-y
    DOI: 10.1007/s12122-018-9274-y
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    References listed on IDEAS

    as
    1. Monks, James, 2007. "Public versus private university presidents pay levels and structure," Economics of Education Review, Elsevier, vol. 26(3), pages 338-348, June.
    2. Singell, Larry D. & Tang, Hui-Hsuan, 2013. "Pomp and circumstance: University presidents and the role of human capital in determining who leads U.S. research institutions," Economics of Education Review, Elsevier, vol. 32(C), pages 219-233.
    3. Claudia Goldin & Lawrence F. Katz, 2008. "Transitions: Career and Family Life Cycles of the Educational Elite," American Economic Review, American Economic Association, vol. 98(2), pages 363-369, May.
    4. Mixon Jr, Franklin G. & W. McKenzie, Russell, 1999. "Managerial tenure under private and government ownership: the case of higher education," Economics of Education Review, Elsevier, vol. 18(1), pages 51-58, February.
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    Cited by:

    1. James Monks, 2022. "University Presidential Searches: An Empirical Examination of Internal Versus External Hiring," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 48(4), pages 580-601, October.

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    More about this item

    Keywords

    College presidents; Wage regressions; Human capital; Sunshine laws; Multinomial logit models; Selection bias;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • K19 - Law and Economics - - Basic Areas of Law - - - Other

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