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The Remuneration of British Academics

  • Euwals, Rob

    ()

    (CPB Netherlands Bureau for Economic Policy Analysis)

  • Ward-Warmedinger, Melanie E.

    ()

    (European Central Bank)

Registered author(s):

    This paper examines both pay relativities and mechanisms for pay determination within the UK academic labour market drawing upon a particularly detailed data set of 635 academics from five traditional Scottish Universities. In the existing literature, the fact that in many occupations, employees are paid according to explicitly determined wage scales is mostly ignored. We employ salary, grade and spinal point information to incorporate the fixed framework of academic salaries into analysis. Our results outline the importance of individual productivity, measured through publication, grant receipt and teaching skill, in attracting financial reward. We find a large penalty associated with time out of the profession and evidence for the deregulation of established pay and promotion structures. In order to identify those academics most likely to leave the profession, analysis also considers the determinants of individuals’ reservation and deserved salary. Controlling for individual characteristics we find that lecturers hold the lowest reservation salaries in relation to their current salary level. The academic profession is therefore most at risk from loosing its staff at this grade. We find however no (self-)selection on the basis of the productivity of individuals.

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    File URL: http://ftp.iza.org/dp178.pdf
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    Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 178.

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    Length: 40 pages
    Date of creation: Jul 2000
    Date of revision:
    Publication status: published in: Applied Economics, 2005, 37 (14), 1655-1672
    Handle: RePEc:iza:izadps:dp178
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    1. Andrew E. Clark and Andrew J. Oswald, . "Satisfaction and Comparison Income," Economics Discussion Papers 419, University of Essex, Department of Economics.
    2. Byron W. Brown & Stephen A. Woodbury, . "Seniority, External Labor Markets, and Faculty Pay," Upjohn Working Papers and Journal Articles bbsaw1999, W.E. Upjohn Institute for Employment Research.
    3. Amemiya, Takeshi, 1984. "Tobit models: A survey," Journal of Econometrics, Elsevier, vol. 24(1-2), pages 3-61.
    4. van den Berg, Gerard J, 1992. "A Structural Dynamic Analysis of Job Turnover and the Costs Associated with Moving to Another Job," Economic Journal, Royal Economic Society, vol. 102(414), pages 1116-33, September.
    5. Hallock, Kevin F, 1995. "Seniority and Monopsony in the Academic Labor Market: Comment," American Economic Review, American Economic Association, vol. 85(3), pages 654-57, June.
    6. Lancaster, Tony & Chesher, Andrew, 1983. "An Econometric Analysis of Reservation Wages," Econometrica, Econometric Society, vol. 51(6), pages 1661-76, November.
    7. Ward, Melanie E & Sloane, Peter J, 2000. "Non-pecuniary Advantages versus Pecuniary Disadvantages; Job Satisfaction among Male and Female Academics in Scottish Universities," Scottish Journal of Political Economy, Scottish Economic Society, vol. 47(3), pages 273-303, August.
    8. McDowell, John M, 1982. "Obsolescence of Knowledge and Career Publication Profiles: Some Evidence of Differences among Fields in Costs of Interrupted Careers," American Economic Review, American Economic Association, vol. 72(4), pages 752-68, September.
    9. Mary Hampton & John Heywood, 1999. "The Determinants of Perceived Underpayment: The Role of Racial Comparisons," Review of Social Economy, Taylor & Francis Journals, vol. 57(2), pages 141-155.
    10. McNabb, Robert & Wass, Victoria, 1997. "Male-Female Salary Differentials in British Universities," Oxford Economic Papers, Oxford University Press, vol. 49(3), pages 328-43, July.
    11. 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.
    12. Johnson, George E & Stafford, Frank P, 1974. "The Earnings and Promotion of Women Faculty," American Economic Review, American Economic Association, vol. 64(6), pages 888-903, December.
    13. Tuckman, Howard P & Gapinski, James H & Hagemann, Robert P, 1977. "Faculty Skills and the Salary Structure in Academe: A Market Perspective," American Economic Review, American Economic Association, vol. 67(4), pages 692-702, September.
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