ENTRY LEVEL SALARIES OF ACADEMIC ECONOMISTS: DOES GENDER OR AGE MATTER?

Authors

  • JOHN P. FORMBY,

  • WILLIAM D. GUNTHER,

  • RYOICHI SAKANO

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    • *The authors are respectively, Professor of Economics, Professor of Economics, University of Alabama, and Assistant Professor, North Carolina Agricultural and Technical State University. The authors thank Donald Frey, Barry Hirsch, James Lindley, James Marchand, Terry Seaks, Gary Zarkin, three anonymous referees and the editors for helpful comments on an earlier version of this paper. The usual caveats apply.


Abstract

This study uses the results of a survey of entry level economists to investigate whether gender or age influence beginning salaries once other determinants of earnings are taken into account. We consider and control for terminal degree status, the quality of Ph.D. granting and hiring departments, field of specialization, costs of living across areas, and other institutional factors that can influence academic salaries. Gender is found to have no significant effect. Age seems to matter but only in departments that have faculty who do not publish in top journals and only through interactions with other variables.

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