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The Salaries of Ph.D.'s in Academe and Elsewhere

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  • Albert Rees

Abstract

It has long been known that Ph.D.'s working for academic institutions earn less than Ph.D.'s in the same disciplines working for other kinds of employers, especially government and industry. It has not been possible to tell, however, whether this difference in earnings represents a difference in average quality of the employees in the two sectors or whether it represents a compensating differential reflecting the greater autonomy and freedom from control of superiors in the academic sector and the greater job security of tenured professors. It is now possible to answer this question through the use of special tabulations of data from the Survey of Doctoral Recipients of the National Research Council (1989).

Suggested Citation

  • Albert Rees, 1993. "The Salaries of Ph.D.'s in Academe and Elsewhere," Journal of Economic Perspectives, American Economic Association, vol. 7(1), pages 151-158, Winter.
    • Handle: RePEc:aea:jecper:v:7:y:1993:i:1:p:151-58
    Note: DOI: 10.1257/jep.7.1.151
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.7.1.151
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    Citations

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    Cited by:

    1. Ragan Jr, James F. & Warren, John T. & Bratsberg, Bernt, 1999. "How similar are pay structures in 'similar' departments of economics?," Economics of Education Review, Elsevier, vol. 18(3), pages 347-360, June.
    2. Popp, Jennie S. Hughes & Abdula, Arby & Newton, Doris J. & Pittman, Dianne & Danforth, Diana M., 2009. "Factors Influencing Salaries of Agricultural Economics Professionals at Land Grant Institutions," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46722, Southern Agricultural Economics Association.
    3. Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 1998. "Do Academic Salaries Decline with Seniority?," Journal of Labor Economics, University of Chicago Press, vol. 16(2), pages 352-366, April.

    More about this item

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

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