Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/172372 
Year of Publication: 
1995
Series/Report no.: 
Upjohn Institute Working Paper No. 95-37
Publisher: 
W.E. Upjohn Institute for Employment Research, Kalamazoo, MI
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.
Subjects: 
faculty
wages
college
labor
markets
Brown
Woodbury
JEL: 
J0
J3
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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