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Internal Markets for Department Chairs: Comparative Advantage, Life-Cycle, and Jury Duty

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Abstract

We examine the internal market for department chairs in U.S. universities and provide the first empirical evidence concerning the determinants of departmental chair service using data from the economics departments in eight large public universities. The results reveal the wage premium for chairs increases with length of service and continues for an extended period thereafter. The chair premium largely represents compensation for foregone research and the attendant atrophy of research skills. The empirical results also indicate that departments tend to choose productive scholars to serve as chair, but avoid putting their most productive scholars in that position unless they are past their peak productivity period in their life-cycle.
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  • William J. Moore & Robert J. Newman & Geoffrey K. Turnbull, 2002. "Internal Markets for Department Chairs: Comparative Advantage, Life-Cycle, and Jury Duty," Departmental Working Papers 2002-14, Department of Economics, Louisiana State University.
    • Handle: RePEc:lsu:lsuwpp:2002-14
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    1. Sauer, Raymond D, 1988. "Estimates of the Returns to Quality and Coauthorship in Economic Academia," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 855-866, August.
    2. Graves, Philip E & Marchand, James R & Thompson, Randal, 1982. "Economics Departmental Rankings: Research Incentives, Constraints, and Efficiency," American Economic Review, American Economic Association, vol. 72(5), pages 1131-1141, December.
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    4. Bell, John G & Seater, John J, 1978. "Publishing Performance: Departmental and Individual," Economic Inquiry, Western Economic Association International, vol. 16(4), pages 599-615, October.
    5. Siegfried, John J & White, Kenneth J, 1973. "Financial Rewards to Research and Teaching: A Case Study of Academic Economists," American Economic Review, American Economic Association, vol. 63(2), pages 309-315, May.
    6. Siegfried, John J, 1972. "The Publishing of Economic Papers and Its Impact on Graduate Faculty Ratings, 1960-1969," Journal of Economic Literature, American Economic Association, vol. 10(1), pages 31-49, March.
    7. Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 1998. "Do Academic Salaries Decline with Seniority?," Journal of Labor Economics, University of Chicago Press, vol. 16(2), pages 352-366, April.
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    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. William J. Moore & Robert J. Newman & Dek Terrell, 2007. "Academic Pay in the United Kingdom and the United States: The Differential Returns to Productivity and the Lifetime Earnings Gap," Southern Economic Journal, John Wiley & Sons, vol. 73(3), pages 717-732, January.
    3. 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.
    4. Amanda H. Goodall & John M. McDowell & Larry D. Singell, 2017. "Do Economics Departments Improve after They Appoint a Top Scholar as Chairperson?," Kyklos, Wiley Blackwell, vol. 70(4), pages 546-564, November.
    5. Goodall, Amanda H. & McDowell, John M. & Singell, Larry D., 2014. "Leadership and the Research Productivity of University Departments," IZA Discussion Papers 7903, Institute of Labor Economics (IZA).

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