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Do Public Ph.D.-Granting Economics Departments Invert Salaries?

  • Christiana Hilmer

    ()

    (San Diego State University)

  • Michael Hilmer

    ()

    (San Diego State University)

Registered author(s):

    This study analyzes a unique data set containing current salary and detailed job history information on a sample of 902 individuals drawn from 43 public U.S. Ph.D.-granting departments of economics. An analysis of current salaries by academic rank shows that 25% of Assistant Professors earn more that 50% of Associate Professors and 25% of Associate Professors earn more than 25% of Full Professors. Regression analysis suggests that salary inversion is most likely to exist between Associate and Assistant Professors and is more prevalent in lower ranked programs.

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    File URL: http://www.accessecon.com/Pubs/EB/2010/Volume30/EB-10-V30-I2-P85.pdf
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    Article provided by AccessEcon in its journal Economics Bulletin.

    Volume (Year): 30 (2010)
    Issue (Month): 2 ()
    Pages: 924-932

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    Handle: RePEc:ebl:ecbull:eb-09-00628
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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. Wendy A. Stock & John J. Siegfried, 2006. "Where are they Now? Tracking the Ph.D. Class of 1997," Vanderbilt University Department of Economics Working Papers 0605, Vanderbilt University Department of Economics.
    3. 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.
    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 352-66, April.
    5. 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.
    6. Stock, Wendy A & Siegfried, John J, 2001. "So You Want to Earn a Ph.D. in Economics: How Much Do You Think You'll Make?," Economic Inquiry, Western Economic Association International, vol. 39(2), pages 320-35, April.
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