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

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Author Info
Euwals, Rob
Ward-Warmedinger, Melanie
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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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;

Find related papers by JEL classification:
C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models
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

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    Other versions:
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    Other versions:
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    Other versions:
  11. Lancaster, Tony & Chesher, Andrew, 1983. "An Econometric Analysis of Reservation Wages," Econometrica, Econometric Society, vol. 51(6), pages 1661-76, November. [Downloadable!] (restricted)
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