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Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
Queen's Economics Department Working Paper No. 1294
Verlag: 
Queen's University, Department of Economics, Kingston (Ontario)
Zusammenfassung: 
The compensation of a professor who is awarded an internal Canada Research Chair (CRC) increases by 6.3 percent on average in our sample. This gain is large initially but quickly erodes over CRC tenure. The gain is slightly larger for professors who change university to obtain a CRC Chair. Assuming that the CRC program has achieved its goal of attracting and retaining top talents, we infer that the compensation cost of doing so is modest. In addition, only a small fraction of the CRC grants have been passed through to professors as compensation increases. This is despite the fact that universities report spending more than half of the CRC grants on chairholder compensation.
Schlagwörter: 
compensation
brain drain
crowding out
Canada Research Chair
JEL: 
J3
I23
Dokumentart: 
Working Paper

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