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Executive Pay in the Public Sector: The Case of CEOs in UK Universities

Author

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  • Ma, Ada

    (University of Aberdeen)

  • Peter Dolton

Abstract

We analyse top management public sector pay using a panel data of university Vice Chancellors (VC) in UK. We assess how institutional performance, hierarchical effects, and personal characteristics determine VC pay. VC personal data covers personal details, qualifications and career history, which let us distinguish between internal promotions and hires from outside academia. We use the results of three Research Assessment Exercises as academic performance indicators, and university financial positions as measures of sound executive management. We analysed the importance of university salary structure and how they affect VC pay. Fixed and random institutional effects are also identified and analysed.

Suggested Citation

  • Ma, Ada & Peter Dolton, 2003. "Executive Pay in the Public Sector: The Case of CEOs in UK Universities," Royal Economic Society Annual Conference 2003 144, Royal Economic Society.
  • Handle: RePEc:ecj:ac2003:144
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    More about this item

    Keywords

    pay; public sector; CEO; universities;

    JEL classification:

    • M5 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • J45 - Labor and Demographic Economics - - Particular Labor Markets - - - Public Sector Labor Markets

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