IDEAS home Printed from https://ideas.repec.org/a/spr/jlabre/v39y2018i4d10.1007_s12122-018-9274-y.html
   My bibliography  Save this article

Let the Sunshine in: An Analysis of the Placement and Pay of University Presidents and the Effects of Open Records Statutes

Author

Listed:
  • Larry D. Singell

    (Indiana University – Bloomington)

  • Mark Stater

    (Trinity College)

  • Hui-Hsuan Tang

    (National Taipei University)

Abstract

This paper examines how personal, institutional, and legal factors affect where college presidents are placed and how much they earn given their placements. We find that controlling for selection into institutional type is important, suggesting that presidents nonrandomly sort into institutions based on unobserved characteristics that also relate to wages. We also find evidence that state “sunshine” laws governing whether applicants’ names must be disclosed in searches are related to placements and wages. Presidents hired in states that exempt the names of all but finalists from disclosure are more likely to be placed in public research universities and less likely to be placed in private institutions. There is also evidence that presidents hired in open records states earn compensating differentials, but we are ultimately unable to distinguish this from a state-specific effect. We also find wage discounts for presidents hired at times with larger numbers of states with open records and with exemptions to disclosure for non-finalists. Thus, presidents and institutions appear to respond to market-wide incentives created by sunshine laws.

Suggested Citation

  • Larry D. Singell & Mark Stater & Hui-Hsuan Tang, 2018. "Let the Sunshine in: An Analysis of the Placement and Pay of University Presidents and the Effects of Open Records Statutes," Journal of Labor Research, Springer, vol. 39(4), pages 405-432, December.
    • Handle: RePEc:spr:jlabre:v:39:y:2018:i:4:d:10.1007_s12122-018-9274-y
    DOI: 10.1007/s12122-018-9274-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s12122-018-9274-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s12122-018-9274-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Singell, Larry D. & Tang, Hui-Hsuan, 2013. "Pomp and circumstance: University presidents and the role of human capital in determining who leads U.S. research institutions," Economics of Education Review, Elsevier, vol. 32(C), pages 219-233.
    2. Claudia Goldin & Lawrence F. Katz, 2008. "Transitions: Career and Family Life Cycles of the Educational Elite," American Economic Review, American Economic Association, vol. 98(2), pages 363-369, May.
    3. Mixon Jr, Franklin G. & W. McKenzie, Russell, 1999. "Managerial tenure under private and government ownership: the case of higher education," Economics of Education Review, Elsevier, vol. 18(1), pages 51-58, February.
    4. Monks, James, 2007. "Public versus private university presidents pay levels and structure," Economics of Education Review, Elsevier, vol. 26(3), pages 338-348, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. James Monks, 2022. "University Presidential Searches: An Empirical Examination of Internal Versus External Hiring," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 48(4), pages 580-601, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Singell, Larry D. & Tang, Hui-Hsuan, 2013. "Pomp and circumstance: University presidents and the role of human capital in determining who leads U.S. research institutions," Economics of Education Review, Elsevier, vol. 32(C), pages 219-233.
    2. James Monks, 2022. "University Presidential Searches: An Empirical Examination of Internal Versus External Hiring," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 48(4), pages 580-601, October.
    3. Miki Kobayashi & Emiko Usui, 2017. "Breastfeeding practices and parental employment in Japan," Review of Economics of the Household, Springer, vol. 15(2), pages 579-596, June.
    4. Hätönen, Jussi, 2011. "The economic impact of fixed and mobile high-speed networks," EIB Papers 7/2011, European Investment Bank, Economics Department.
    5. Samuel Antill & David Hou & Asani Sarkar, 2014. "Components of U.S. financial sector growth, 1950-2013," Economic Policy Review, Federal Reserve Bank of New York, issue Dec, pages 59-83.
    6. Todd Stinebrickner & Ralph Stinebrickner & Paul Sullivan, 2018. "Job Tasks and the Gender Wage Gap among College Graduates," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20183, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    7. Marin, Giovanni & Vona, Francesco, 2023. "Finance and the reallocation of scientific, engineering and mathematical talent," Research Policy, Elsevier, vol. 52(5).
    8. Mayuri Chaturvedi, 2022. "Schooling Down to Marry Up: Marriage Norms and Educational Investments," Working Papers 202216, University of Liverpool, Department of Economics.
    9. Dong, Feng & Jia, Yandong & Wang, Siqing, 2022. "Speculative Bubbles and Talent Misallocation," Journal of Economic Dynamics and Control, Elsevier, vol. 141(C).
    10. Vo, Thang T. & Truong, Thiet-Ha, 2023. "Gender division of household workforce in Vietnam: Role of international trade and fertility," Economic Analysis and Policy, Elsevier, vol. 80(C), pages 1696-1718.
    11. Valerie Michelman & Joseph Price & Seth D Zimmerman, 2023. "Old Boys’ Clubs and Upward Mobility Among the Educational Elite," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 137(2), pages 845-909.
    12. Gunther Capelle-Blancard & Claire Labonne, 2016. "More Bankers, More Growth? Evidence from OECD Countries," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 45(1), pages 37-51, February.
    13. Liu, Guanchun & Liu, Yuanyuan & Zhang, Chengsi, 2021. "Human capital in the financial sector and corporate debt maturity," China Economic Review, Elsevier, vol. 69(C).
    14. Asano, Koji, 2024. "Managing financial expertise," International Review of Economics & Finance, Elsevier, vol. 89(PA), pages 351-365.
    15. Adam Isen & Betsey Stevenson, 2010. "Women's Education and Family Behavior: Trends in Marriage, Divorce and Fertility," NBER Chapters, in: Demography and the Economy, pages 107-140, National Bureau of Economic Research, Inc.
    16. Konstantinos Angelopoulos & Andrea Benecchi & James Malley, 2017. "Can subsidising job-related training reduce inequality?," Working Papers 2017_10, Business School - Economics, University of Glasgow.
    17. David McClendon & Janet Kuo & R. Raley, 2014. "Opportunities to Meet: Occupational Education and Marriage Formation in Young Adulthood," Demography, Springer;Population Association of America (PAA), vol. 51(4), pages 1319-1344, August.
    18. Francesconi, Marco & Parey, Matthias, 2018. "Early gender gaps among university graduates," European Economic Review, Elsevier, vol. 109(C), pages 63-82.
    19. Valerie Michelman & Joseph Price & Seth D Zimmerman, 2022. "Old Boys’ Clubs and Upward Mobility Among the Educational Elite [Do Immigrants Assimilate More Slowly Today Than in the Past?]," The Quarterly Journal of Economics, Oxford University Press, vol. 137(2), pages 845-909.
    20. Suqin Ge & Elliott Isaac & Amalia Miller, 2022. "Elite Schools and Opting In: Effects of College Selectivity on Career and Family Outcomes," Journal of Labor Economics, University of Chicago Press, vol. 40(S1), pages 383-427.

    More about this item

    Keywords

    College presidents; Wage regressions; Human capital; Sunshine laws; Multinomial logit models; Selection bias;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy
    • 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
    • K19 - Law and Economics - - Basic Areas of Law - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jlabre:v:39:y:2018:i:4:d:10.1007_s12122-018-9274-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.