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

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  • Ward-Warmedinger, Melanie
  • Euwals, Rob

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.

Suggested Citation

  • Ward-Warmedinger, Melanie & Euwals, Rob, 2000. "What Matters Most: Teaching or Research? Empirical Evidence on the Remuneration of British Academics," CEPR Discussion Papers 2628, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:2628
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    References listed on IDEAS

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    1. Brown, Byron W. & Woodbury, Stephen A., 1998. "Seniority, external labor markets, and faculty pay," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(4), pages 771-798.
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    11. Melanie E. Ward & Peter J. Sloane, 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.
    12. Ward-Warmedinger, Melanie E., 1999. "Your Everyday, Average Academic," IZA Discussion Papers 63, Institute of Labor Economics (IZA).
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    14. 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.
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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;International Institute of Public Finance, vol. 15(2), pages 165-198, April.

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    More about this item

    Keywords

    Academic labour market; Salary; Salary scales;
    All these keywords.

    JEL classification:

    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • 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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