Seniority, External Labor Markets, and Faculty Pay

Byron W. Brown and Stephen Woodbury
Additional contact information
Byron W. Brown: Michigan State University

No 95-37, Upjohn Working Papers from W.E. Upjohn Institute for Employment Research

Abstract: We estimate the returns to seniority (the wage-tenure profile) for university faculty, and the degree to which these returns respond to entry-level salaries (or opportunity wages) a relationship unexplored in work to date. Using data on faculty at a Big Ten university (ours), we estimate elasticities of senior-faculty salaries with respect to entry-level salaries, and find that these elasticities decline with seniority. The evidence both provides an explanation of faculty salary compression and suggests the importance of controlling for entry-level salaries in obtaining estimates of the returns to seniority.

Keywords: faculty; wages; college; labor; markets; Brown; Woodbury (search for similar items in EconPapers)
JEL-codes: J0 J3 (search for similar items in EconPapers)
Date: 1995-05
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://research.upjohn.org/cgi/viewcontent.cgi?art ... ext=up_workingpapers (application/pdf)
This material is copyrighted. Permission is required to reproduce any or all parts.

Related works:
Journal Article: Seniority, external labor markets, and faculty pay (1998)
Working Paper: Seniority, External Labor Markets, and Faculty Pay
Working Paper: Seniority, External Labor Markets, and Faculty Pay
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:upj:weupjo:95-37

Access Statistics for this paper

More papers in Upjohn Working Papers from W.E. Upjohn Institute for Employment Research 300 S. Westnedge Ave. Kalamazoo, MI 49007 USA. Contact information at EDIRC.
Bibliographic data for series maintained by ().