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Do undergraduate majors or Ph.D. students affect faculty size?

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  • Becker, William E.
  • Greene, William H
  • Siedfried, John J.

Abstract

Regression analysis using panel data for 42 colleges and universities over 14 years suggests that the economics faculty size of universities offering a Ph.D. in economics is determined primarily by the long-run average number of Ph.D. degrees awarded annually; the number of full-time faculty increases at almost a one-for-one pace as the average number of Ph.D.s grows. Faculty size at Ph.D. granting universities is largely unresponsive to changes in the contemporaneous number of undergraduate economics degrees awarded at those institutions. Similarly, faculty size at colleges where a bachelor's is the highest degree awarded is responsive to the long and short term average number of economics degrees awarded but not the annual changes in BS and BA degrees awarded in economics.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 39930.

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Date of creation: 2011
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Publication status: Published in American Economist 1.56(2011): pp. 69-77
Handle: RePEc:pra:mprapa:39930

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Keywords: faculty size; economics majors; Ph.D students;

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  1. Mundlak, Yair, 1978. "On the Pooling of Time Series and Cross Section Data," Econometrica, Econometric Society, Econometric Society, vol. 46(1), pages 69-85, January.
  2. Sargent, Thomas J, 1978. "Estimation of Dynamic Labor Demand Schedules under Rational Expectations," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 86(6), pages 1009-44, December.
  3. William R. Johnson & Sarah Turner, 2009. "Faculty without Students: Resource Allocation in Higher Education," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 23(2), pages 169-89, Spring.
  4. John J. Siegfried, 2008. "Trends in Undergraduate Economics Degrees, 1991-2007," The Journal of Economic Education, Taylor & Francis Journals, Taylor & Francis Journals, vol. 39(3), pages 297-301, July.
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Cited by:
  1. Winkler, Anne E. & Levin, Sharon & Stephan, Paula & Glänzel, Wolfgang, 2011. "Publishing Trends in Economics across Colleges and Universities, 1991-2007," IZA Discussion Papers 6082, Institute for the Study of Labor (IZA).

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