Does Raiding Explain the Negative Returns to Faculty Seniority?
We track faculty for 30 yr at five PhD-granting departments of economics. Two-thirds of faculty who take alternative employment move downward; less than one-quarter moves upward. We find a substantial penalty for seniority, even after richly controlling for faculty productivity, and the penalty is l...
| Publicado en: | Economic Inquiry Vol. 48; no. 3; pp. 704 - 722 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
July 2010
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510885556&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510885556 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: N pubinfo: dt: July 2010 vid: 48 iid: 3 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510885556 10.1111/j.1465-7295.2009.00220.x ppf: 704 ppct: 18 formats: fmt: – @attributes: type: T – @attributes: type: C – @attributes: type: P size: 3MB tig: atl: Does Raiding Explain the Negative Returns to Faculty Seniority? aug: au: Bratsberg, Bernt Ragan, James F. Warren, John T. su: College teachers' salaries Employee seniority Occupational mobility sug: subj: College teachers' salaries Employee seniority Occupational mobility ab: We track faculty for 30 yr at five PhD-granting departments of economics. Two-thirds of faculty who take alternative employment move downward; less than one-quarter moves upward. We find a substantial penalty for seniority, even after richly controlling for faculty productivity, and the penalty is little changed when we allow wages and returns to seniority to differ by mobility status. Faculty who end up moving to better or comparable positions were penalized as severely for seniority while they were in our sample as faculty who stay. These results are incompatible with the raiding hypothesis. Faculty from top 10 programs are also punished for seniority but to a lesser degree than other faculty, which could reflect reduced monopsony power against such faculty if they are more marketable. All results persist when we control for prospective publications and allow lower returns for older publications. Match-quality bias has dissipated in the post-internet period, which may be the consequence of greater availability of information. (JEL J62, J44, J42). pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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