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What Matters Most: Teaching or Research? Empirical Evidence on the Remuneration of British Academics

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  • Euwals, Rob
  • Ward-Warmedinger, Melanie
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    Abstract

    This paper examines the impact of productivity on pay within academia, drawing upon a detailed dataset of academics from five old, established universities. We investigate the relationship between teaching and research skill, but find no evidence in support of the hypothesis that productive researchers are also the best teachers. Our results outline the importance of publication; grant receipt and teaching skill, in the determination of pay. We reveal a large financial penalty for time out of the profession, which, with productivity variables, explains away the gender salary gap. Results also suggest that the best academics stay within the profession.

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    Bibliographic Info

    Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 2628.

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    Date of creation: Nov 2000
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    Handle: RePEc:cpr:ceprdp:2628

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    Related research

    Keywords: Academic Labour Market; Salary; Salary Scales;

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    References

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    1. Lancaster, Tony & Chesher, Andrew, 1983. "An Econometric Analysis of Reservation Wages," Econometrica, Econometric Society, vol. 51(6), pages 1661-76, November.
    2. Booth, Alison L & Burton, Jonathan & Mumford, Karen, 2000. "The Position of Women in UK Academic Economics," Economic Journal, Royal Economic Society, vol. 110(464), pages F312-33, June.
    3. Johnson, George E & Stafford, Frank P, 1974. "The Earnings and Promotion of Women Faculty," American Economic Review, American Economic Association, vol. 64(6), pages 888-903, December.
    4. Clark, Andrew E. & Oswald, Andrew J., 1994. "Satisfaction and comparison income," CEPREMAP Working Papers (Couverture Orange) 9408, CEPREMAP.
    5. Byron W. Brown & Stephen A. Woodbury, 1995. "Seniority, External Labor Markets, and Faculty Pay," Upjohn Working Papers and Journal Articles 95-37, W.E. Upjohn Institute for Employment Research.
    6. Mary Hampton & John Heywood, 1999. "The Determinants of Perceived Underpayment: The Role of Racial Comparisons," Review of Social Economy, Taylor & Francis Journals, vol. 57(2), pages 141-155.
    7. Ward, Melanie E & Sloane, Peter J, 2000. "Non-pecuniary Advantages versus Pecuniary Disadvantages; Job Satisfaction among Male and Female Academics in Scottish Universities," Scottish Journal of Political Economy, Scottish Economic Society, vol. 47(3), pages 273-303, August.
    8. Tuckman, Howard P & Gapinski, James H & Hagemann, Robert P, 1977. "Faculty Skills and the Salary Structure in Academe: A Market Perspective," American Economic Review, American Economic Association, vol. 67(4), pages 692-702, September.
    9. van den Berg, Gerard J, 1992. "A Structural Dynamic Analysis of Job Turnover and the Costs Associated with Moving to Another Job," Economic Journal, Royal Economic Society, vol. 102(414), pages 1116-33, September.
    10. Machin, Stephen & Oswald, Andrew, 2000. "UK Economics and the Future Supply of Academic Economists," Economic Journal, Royal Economic Society, vol. 110(464), pages F334-49, June.
    11. Blackaby, David & Frank, Jeff, 2000. "Ethnic and Other Minority Representation in UK Academic Economics," Economic Journal, Royal Economic Society, vol. 110(464), pages F293-311, June.
    12. McDowell, John M, 1982. "Obsolescence of Knowledge and Career Publication Profiles: Some Evidence of Differences among Fields in Costs of Interrupted Careers," American Economic Review, American Economic Association, vol. 72(4), pages 752-68, September.
    13. 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.
    14. 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.
    15. Amemiya, Takeshi, 1984. "Tobit models: A survey," Journal of Econometrics, Elsevier, vol. 24(1-2), pages 3-61.
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    Cited by:
    1. Alexis Walckiers, 2008. "Multi-dimensional contracts with task-specific productivity: an application to universities," International Tax and Public Finance, Springer, vol. 15(2), pages 165-198, April.

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