Salary Determinants of Entry-Level Academic Economists and the Characteristics of Those Hired on the Tenure Track

John Formby and Gary Hoover
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John Formby: University of Alabama

Eastern Economic Journal, 2002, vol. 28, issue 4, 509-522

Abstract: This paper examines the entry-level labor market for academic economists and investigates the determinants of market salaries. The focus is on the effects of tenure and nontenure track jobs and departmental ranking that are based upon faculty research productivity. The results reveal that the market works differently depending upon whether the hiring department is ranked in terms of research productivity. Being hired on the tenure track significantly influences academic salaries in both ranked and unranked departments. The paper also analyzes the impact of observable characteristics of individuals and hiring departments on the probability of being hired into tenure track positions.

Keywords: Economists; Labor Markets; Salaries; Salary (search for similar items in EconPapers)
JEL-codes: A11 J31 J44 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:28:y:2002:i:4:p:509-522

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