Why Are Professors "Poorly Paid"?

Daniel Hamermesh

No 24215, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Using Current Population Survey data, I demonstrate a 15-percentage point wage disadvantage among academics compared to all other doctorate-holders with the same demographics. Time-diary data show that academics’ work hours are distributed more evenly over the week and day, although their total workweeks are equally long. This smoother distribution of work time accounts for as much as one-third of the wage disadvantage. Survey data (of economists only) indicate that flexible scheduling is an attraction, but only fourth among the characteristics of academic life.

JEL-codes: J31 J33 J44 (search for similar items in EconPapers)
Date: 2018-01
Note: LS
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Citations: View citations in EconPapers (3)

Published as Daniel S. Hamermesh, 2018. "Why are professors “Poorly paid”?," Economics of Education Review, vol 66, pages 137-141.

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