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Salary Determinants of Entry-Level Academic Economists and the Characteristics of Those Hired on the Tenure Track

  • John P. Formby

    (University of Alabama)

  • Gary Hoover

    ()

    (University of Alabama)

This paper examines the entry-level labor market for academic economists and investigates the determinants of market salaries. The focus is on the effects of tenure and nontenure track jobs and departmental ranking that are based upon faculty research productivity. The results reveal that the market works differently depending upon whether the hiring department is ranked in terms of research productivity. Being hired on the tenure track significantly influences academic salaries in both ranked and unranked departments. The paper also analyzes the impact of observable characteristics of individuals and hiring departments on the probability of being hired into tenure track positions.

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File URL: http://college.holycross.edu/RePEc/eej/Archive/Volume28/V28N4P509_522.pdf
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Article provided by Eastern Economic Association in its journal Eastern Economic Journal.

Volume (Year): 28 (2002)
Issue (Month): 4 (Fall)
Pages: 509-522

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Handle: RePEc:eej:eeconj:v:28:y:2002:i:4:p:509-522
Contact details of provider: Postal: c/o Dr. Alexandre Olbrecht, The Anisfield School of Business 205, Ramapo College, 505 Ramapo Valley Road, Ramapo, New Jersey 07430, USA
Phone: (201) 684-7346
Web page: http://www.ramapo.edu/eea/journal.html
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  1. Hirsch, Barry T, et al, 1984. "Economics Departmental Rankings: Comment [Economics Departmental Rankings: Research Incentives, Constraints, and Efficiency]," American Economic Review, American Economic Association, vol. 74(4), pages 822-26, September.
  2. 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.
  3. DuMond J.M. & Hisch, B.T. & Macpherson, D.A., 1996. "Wage Differentials Across Labor Markets and Workers: Does Cost of Living Matter?," Working Papers 1996_08_01, Department of Economics, Florida State University.
  4. Blomquist, Glenn C & Berger, Mark C & Hoehn, John P, 1988. "New Estimates of Quality of Life in Urban Areas," American Economic Review, American Economic Association, vol. 78(1), pages 89-107, March.
  5. Ronald G. Ehrenberg & Paul J. Pieper & Rachel A. Willis, 1998. "Do Economics Departments With Lower Tenure Probabilities Pay Higher Faculty Salaries?," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 503-512, November.
  6. John J. Siegfried & Wendy A. Stock, 1999. "The Labor Market for New Ph.D. Economists," Journal of Economic Perspectives, American Economic Association, vol. 13(3), pages 115-134, Summer.
  7. Raymond, Richard D & Sesnowitz, Michael L & Williams, Donald R, 1988. "Does Sex Still Matter? New Evidence from the 1980s," Economic Inquiry, Western Economic Association International, vol. 26(1), pages 43-58, January.
  8. Formby, John P & Gunther, William D & Sakano, Ryoichi, 1993. "Entry Level Salaries of Academic Economists: Does Gender or Age Matter?," Economic Inquiry, Western Economic Association International, vol. 31(1), pages 128-38, January.
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