What is the cost of retaining and attracting exceptional talents? Evidence from the Canada Research Chair program
The compensation of a professor who is awarded an internal Canada Research Chair (CRC) increases by 6.3 percent on average in our sample. This gain is large initially but quickly erodes over CRC tenure. The gain is slightly larger for professors who change university to obtain a CRC Chair. Assuming that the CRC program has achieved its goal of attracting and retaining top talents, we infer that the compensation cost of doing so is modest. In addition, only a small fraction of the CRC grants have been passed through to professors as compensation increases. This is despite the fact that universities report spending more than half of the CRC grants on chairholder compensation.
|Date of creation:||May 2012|
|Date of revision:|
|Contact details of provider:|| Postal: Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ.|
Phone: 44 - 20 - 7183 8801
Fax: 44 - 20 - 7183 8820
|Order Information:|| Email: |
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Haeck, Catherine & Verboven, Frank, 2010.
"The Internal Economics of a University - Evidence from Personnel Data,"
CEPR Discussion Papers
7843, C.E.P.R. Discussion Papers.
- Catherine Haeck & Frank Verboven, 2012. "The Internal Economics of a University: Evidence from Personnel Data," Journal of Labor Economics, University of Chicago Press, vol. 30(3), pages 591 - 626.
- Catherine HAECK & Frank VERBOVEN, 2010. "The internal economics of a university - evidence from personnel data," Working Papers Department of Economics ces10.18, KU Leuven, Faculty of Economics and Business, Department of Economics.
- Andreoni, J. & Bergstrom, T., 1993.
"Do Government Subsidies Increase the Private Supply of Public Goods?,"
The Warwick Economics Research Paper Series (TWERPS)
406, University of Warwick, Department of Economics.
- Andreoni, James & Bergstrom, Ted, 1996. "Do Government Subsidies Increase the Private Supply of Public Goods?," Public Choice, Springer, vol. 88(3-4), pages 295-308, September.
- Andreoni, J. & Bergstrom, T., 1992. "Do Government Subsidies Increase the Private Supply of Public Good," Working papers 9207, Wisconsin Madison - Social Systems.
- Andreoni, J. & Bergstrom, T., 1992. "Do Government Subsidies Increase the Private Supply of Public Goods," Papers 92-11, Michigan - Center for Research on Economic & Social Theory.
- Gibson, John & McKenzie, David, 2011.
"Eight Questions about Brain Drain,"
IZA Discussion Papers
5730, Institute for the Study of Labor (IZA).
- Gibson, John & McKenzie, David, 2011. "Eight questions about brain drain," Policy Research Working Paper Series 5668, The World Bank.
- John Gibson & David McKenzie, 2011. "Eight Questions about Brain Drain," CReAM Discussion Paper Series 1111, Centre for Research and Analysis of Migration (CReAM), Department of Economics, University College London.
- Gordon C. Winston, 1999. "Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education," Journal of Economic Perspectives, American Economic Association, vol. 13(1), pages 13-36, Winter.
- Scott J. Wallsten, 2000. "The Effects of Government-Industry R&D Programs on Private R&D: The Case of the Small Business Innovation Research Program," RAND Journal of Economics, The RAND Corporation, vol. 31(1), pages 82-100, Spring.
- Bergstrom, Theodore & Blume, Lawrence & Varian, Hal, 1986. "On the private provision of public goods," Journal of Public Economics, Elsevier, vol. 29(1), pages 25-49, February.
- Ronald G. Ehrenberg & Michael J. Rizzo & George H. Jakubson, 2003. "Who Bears the Growing Cost of Science at Universities?," NBER Working Papers 9627, National Bureau of Economic Research, Inc.
- Ehrenberg, R.G.Ronald G., 2004. "Econometric studies of higher education," Journal of Econometrics, Elsevier, vol. 121(1-2), pages 19-37.
When requesting a correction, please mention this item's handle: RePEc:cpr:ceprdp:8966. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.