Are Agricultural Experiment Station Faculty Salaries Competitively Or Monopsonistically Determined?
AbstractWe examine the determinants of agricultural experiment station faculty salaries and find that productivity pays-as manifest by grantsmanship, publications, and the elicitation of competing offers-with no residual evidence of a negative seniority-salary relationship that could signal university monopsony power. This contrasts with findings in the previous literature on faculty salaries. Moreover, national market salary benchmarks, which may proxy for imperfectly observable productivity, correlate almost one-for-one with individual faculty salaries, with individual deviations from peers' salaries proving essentially random. This evidence is much more consistent with the hypothesis that experiment station faculty salaries are determined in a competitive labor market than with the prevailing wisdom that they are set monopsonistically.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Utah State University, Economics Department in its series Economics Research Institute, ERI Study Papers with number 28370.
Date of creation: 1998
Date of revision:
Labor and Human Capital; Teaching/Communication/Extension/Profession;
Other versions of this item:
- Barrett, Christopher B. & Bailey, DeeVon, 1999. "Are Agricultural Experiment Station Faculty Salaries Competitively Or Monopsonistically Determined?," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 28(1), April.
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.:
- Hoffman, Emily P, 1976. "Faculty Salaries: Is There Discrimination by Sex, Race, and Discipline? Additional Evidence," American Economic Review, American Economic Association, vol. 66(1), pages 196-98, March.
- Lazear, Edward P & Rosen, Sherwin, 1981.
"Rank-Order Tournaments as Optimum Labor Contracts,"
Journal of Political Economy,
University of Chicago Press, vol. 89(5), pages 841-64, October.
- Barbezat, Debra A. & Donihue, Michael R., 1998. "Do faculty salaries rise with job seniority?," Economics Letters, Elsevier, vol. 58(2), pages 239-244, February.
- Hausman, Jerry A, 1978.
"Specification Tests in Econometrics,"
Econometric Society, vol. 46(6), pages 1251-71, November.
- Harris, Milton & Holstrom, Bengt, 1982.
"A Theory of Wage Dynamics,"
Review of Economic Studies,
Wiley Blackwell, vol. 49(3), pages 315-33, July.
- Hallock, Kevin F, 1995. "Seniority and Monopsony in the Academic Labor Market: Comment," American Economic Review, American Economic Association, vol. 85(3), pages 654-57, June.
- Gordon, Nancy M & Morton, Thomas E & Braden, Ina C, 1974. "Faculty Salaries: Is There Discrimination by Sex, Race, and Discipline?," American Economic Review, American Economic Association, vol. 64(3), pages 419-27, June.
- Bhattacharya, Sudipto & Guasch, J Luis, 1988. "Heterogeneity, Tournaments, and Hierarchies," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 867-81, August.
- William M. Boal & Michael R. Ransom, 1997. "Monopsony in the Labor Market," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 86-112, March.
- Ransom, Michael R, 1993. "Seniority and Monopsony in the Academic Labor Market," American Economic Review, American Economic Association, vol. 83(1), pages 221-33, March.
- Hilmer, Christiana E. & Hilmer, Michael J., 2004. "On The Return To Journal Quality, Coauthorship And Author Order Within Top Ranked Agricultural Economics Programs," 2004 Annual meeting, August 1-4, Denver, CO 20179, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Srivastava, Lorie & Thilmany, Dawn D., 2000. "Agricultural Economists' Performance And Pay: An Analysis Of Land Grant University Salaries," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36511, Western Agricultural Economics Association.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If references are entirely missing, you can add them using this form.