Journal of Economic Perspectives
ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)
The Salaries of Ph.D.'s in Academe and Elsewhere
Journal of Economic Perspectives
vol. 7,
no. 1, Winter 1993
(pp. 151–158)
(Complimentary)
Abstract
It has long been known that Ph.D.'s working for academic institutions earn less than Ph.D.'s in the same disciplines working for other kinds of employers, especially government and industry. It has not been possible to tell, however, whether this difference in earnings represents a difference in average quality of the employees in the two sectors or whether it represents a compensating differential reflecting the greater autonomy and freedom from control of superiors in the academic sector and the greater job security of tenured professors. It is now possible to answer this question through the use of special tabulations of data from the Survey of Doctoral Recipients of the National Research Council (1989).Citation
Rees, Albert. 1993. "The Salaries of Ph.D.'s in Academe and Elsewhere." Journal of Economic Perspectives, 7 (1): 151–158. DOI: 10.1257/jep.7.1.151JEL Classification
- J31 Wage Level and Structure; Wage Differentials
- J44 Professional Labor Markets; Occupational Licensing
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