The Allocation of Merit Pay in Academia: A Case Study

Finn Christensen, James Manley and Louise Laurence (llaurence@towson.edu)
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Louise Laurence: Towson University

Economics Bulletin, 2011, vol. 31, issue 2, 1548-1562

Abstract: This paper investigates whether the widespread awarding of faculty merit pay at a large public university accurately reflects productivity. We show that pairwise voting on a quality standard by a committee can in theory be consistent with observed allocation patterns. However, the data indicate only nominal adherence to a quality standard. Departments with more severe compression issues are more likely to award merit pay as a countermeasure and some departments appear to be motivated by nonpecuniary incentives. Much of the variance in merit pay allocation remains unexplained. These results suggest reform is needed to improve transparency in the merit system.

Keywords: merit; faculty compensation (search for similar items in EconPapers)
JEL-codes: I2 J3 (search for similar items in EconPapers)
Date: 2011-06-05
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