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University Rankings By Cost Of Living Adjusted Faculty Compensation

Author

Listed:
  • Terrance Jalbert
  • Mercedes Jalbert
  • Karla Hayashi

Abstract

In this paper we rank 574 universities based on compensation paid to their faculty. The analysis examines universities both on a raw basis and on a cost of living adjusted basis. Rankings based on salary data and benefit data are presented. In addition rankings based on total compensation are presented. Separate rankings are provided for universities offering different degrees. The results indicate that rankings of universities based on raw and cost of living adjusted data are markedly different. The results suggest that faculty seeking employment opportunities should carefully consider cost of living issues. Administrators should design salary packages that reflect the cost of living conditions in their area in order to attract quality faculty.

Suggested Citation

  • Terrance Jalbert & Mercedes Jalbert & Karla Hayashi, 2010. "University Rankings By Cost Of Living Adjusted Faculty Compensation," International Journal of Management and Marketing Research, The Institute for Business and Finance Research, vol. 3(2), pages 85-118.
    • Handle: RePEc:ibf:ijmmre:v:3:y:2010:i:2:p:85-118
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    References listed on IDEAS

    as
    1. Barbezat, Debra A. & Donihue, Michael R., 1998. "Do faculty salaries rise with job seniority?," Economics Letters, Elsevier, vol. 58(2), pages 239-244, February.
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    Cited by:

    1. Terrance Jalbert & Mercedes Jalbert & Karla Hayashi, 2009. "State Rankings of Cost of Living Adjusted Faculty Compensation," Accounting & Taxation, The Institute for Business and Finance Research, vol. 1(1), pages 121-137.

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    More about this item

    Keywords

    cost of living; ranking; faculty compensation; higher education salaries; State ranking.;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

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