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Do Economics Departments With Lower Tenure Probabilities Pay Higher Faculty Salaries?, Ronald Ehrenberg, Paul Pieper, Rachel Willis
Do Economics Departments With Lower Tenure Probabilities Pay Higher Faculty Salaries?, Ronald Ehrenberg, Paul Pieper, Rachel Willis
Ronald G. Ehrenberg
The simplest competitive labor market model asserts that if tenure is a desirable job characteristic for professors, they should be willing to pay for it by accepting lower salaries. Conversely, if an institution unilaterally reduces the probability that its assistant professors receive tenure, it will have to pay higher salaries to attract new faculty. Our paper tests this theory using data on salary offers accepted by new assistant professors at economics departments in the United States during the 1974-75 to 1980-81 period, along with data on the proportion of new Ph.D.s hired by each department between 1970 and 1980 that …
The Flow Of New Doctorates, Ronald G. Ehrenberg
The Flow Of New Doctorates, Ronald G. Ehrenberg
Ronald G. Ehrenberg
[Excerpt] As noted by Bowen and Sosa, their projections of the supply side of the academic labor market, which are typical of those used in other studies, are based on a number of simplifying assumptions. Similarly, their proposed policy remedies to increase the flow of new doctorates, such as increasing financial support for graduate students and shortening the time it takes students to receive degrees, are made presenting only scanty evidence on the likely magnitude of supply responses to these changes. This essay, which draws heavily from my study (Ehrenberg 1991), reviews the academic literature and available data (from a …