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Negative Returns to Seniority and Job Mobility across the Program Quality Distribution: Are Top Public PhD-Granting Programs Different?

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  • Michael J. Hilmer
  • Christiana E. Hilmer

Abstract

We analyze a unique data set containing annual salary and detailed job and publication histories for a sample of 1,009 faculty members drawn from 53 public Ph.D.-granting economics departments. Empirical results suggest that all else equal: (1) statistically significant negative returns to seniority exist within lower-ranked but not top 15 programs; (2) more frequent movers observe statistically higher annual salaries in lower-ranked but not top 15 programs; and (3) for each level of seniority, faculty in top 15 programs are more likely to move at any point in the career than faculty in lower-ranked programs.

Suggested Citation

  • Michael J. Hilmer & Christiana E. Hilmer, 2011. "Negative Returns to Seniority and Job Mobility across the Program Quality Distribution: Are Top Public PhD-Granting Programs Different?," American Economic Review, American Economic Association, vol. 101(3), pages 466-470, May.
    • Handle: RePEc:aea:aecrev:v:101:y:2011:i:3:p:466-70
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    References listed on IDEAS

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    1. Bernt Bratsberg & James F. Ragan Jr. & John T. Warren, 2003. "Negative Returns to Seniority: New Evidence in Academic Markets," ILR Review, Cornell University, ILR School, vol. 56(2), pages 306-323, January.
    2. Ransom, Michael R, 1993. "Seniority and Monopsony in the Academic Labor Market," American Economic Review, American Economic Association, vol. 83(1), pages 221-233, March.
    3. Scott, Loren C & Mitias, Peter M, 1996. "Trends in Rankings of Economics Departments in the U.S.: An Update," Economic Inquiry, Western Economic Association International, vol. 34(2), pages 378-400, April.
    4. Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 1998. "Do Academic Salaries Decline with Seniority?," Journal of Labor Economics, University of Chicago Press, vol. 16(2), pages 352-366, April.
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    1. John G. Sessions & John D. Skåtun, 2017. "Performance-Related Pay, Efficiency Wages and the Shape of the Tenure-Earnings Profile," Manchester School, University of Manchester, vol. 85(3), pages 295-319, June.
    2. John Gibson & David L. Anderson & John Tressler, 2017. "Citations Or Journal Quality: Which Is Rewarded More In The Academic Labor Market?," Economic Inquiry, Western Economic Association International, vol. 55(4), pages 1945-1965, October.
    3. Hilmer, Christiana E. & Hilmer, Michael J., 2020. "On the labor market for full-time non-tenure-track lecturers in economics," Economics of Education Review, Elsevier, vol. 78(C).
    4. Christiana E. Hilmer & Michael J. Hilmer, 2022. "Insights from a decade in the life of public Ph.D.‐granting agricultural economics departments," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(4), pages 2049-2063, December.
    5. Michael J. Hilmer & Michael R. Ransom & Christiana E. Hilmer, 2015. "Fame and the fortune of academic economists: How the market rewards influential research in economics," Southern Economic Journal, John Wiley & Sons, vol. 82(2), pages 430-452, October.

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