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What is the cost of retaining and attracting exceptional talents? Evidence from the Canada Research Chair program

  • Pascal Courty

    ()

    (University of Victoria)

  • John Sim

    ()

    (Queen's University)

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.

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File URL: http://qed.econ.queensu.ca/working_papers/papers/qed_wp_1294.pdf
File Function: First version 2012
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Paper provided by Queen's University, Department of Economics in its series Working Papers with number 1294.

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Length: 35 pages
Date of creation: Feb 2012
Date of revision:
Handle: RePEc:qed:wpaper:1294
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  1. 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.
  2. Gibson, John & McKenzie, David, 2011. "Eight questions about brain drain," Policy Research Working Paper Series 5668, The World Bank.
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  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. Ehrenberg, R.G.Ronald G., 2004. "Econometric studies of higher education," Journal of Econometrics, Elsevier, vol. 121(1-2), pages 19-37.
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