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Do undergraduate majors or Ph.D. students affect faculty size?

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  • Becker, William E.
  • Greene, William H
  • Siedfried, John J.

Abstract

Regression analysis using panel data for 42 colleges and universities over 14 years suggests that the economics faculty size of universities offering a Ph.D. in economics is determined primarily by the long-run average number of Ph.D. degrees awarded annually; the number of full-time faculty increases at almost a one-for-one pace as the average number of Ph.D.s grows. Faculty size at Ph.D. granting universities is largely unresponsive to changes in the contemporaneous number of undergraduate economics degrees awarded at those institutions. Similarly, faculty size at colleges where a bachelor's is the highest degree awarded is responsive to the long and short term average number of economics degrees awarded but not the annual changes in BS and BA degrees awarded in economics.

Suggested Citation

  • Becker, William E. & Greene, William H & Siedfried, John J., 2011. "Do undergraduate majors or Ph.D. students affect faculty size?," MPRA Paper 39930, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:39930
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    References listed on IDEAS

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    1. John J. Siegfried, 2008. "Trends in Undergraduate Economics Degrees, 1991-2007," The Journal of Economic Education, Taylor & Francis Journals, vol. 39(3), pages 297-301, July.
    2. Sargent, Thomas J, 1978. "Estimation of Dynamic Labor Demand Schedules under Rational Expectations," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 1009-1044, December.
    3. William R. Johnson & Sarah Turner, 2009. "Faculty without Students: Resource Allocation in Higher Education," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 169-189, Spring.
    4. Mundlak, Yair, 1978. "On the Pooling of Time Series and Cross Section Data," Econometrica, Econometric Society, vol. 46(1), pages 69-85, January.
    5. Michael K. Salemi, 1996. "Where Have All the Majors Gone?," The Journal of Economic Education, Taylor & Francis Journals, vol. 27(4), pages 323-325, October.
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    1. repec:ner:leuven:urn:hdl:123456789/327130 is not listed on IDEAS
    2. Anne E Winkler & Sharon G Levin & Paula E Stephan & Wolfgang Gl&aauml;nzel, 2014. "Publishing Trends in Economics across Colleges and Universities, 1991–2007," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 40(4), pages 560-582, September.

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    More about this item

    Keywords

    faculty size; economics majors; Ph.D students;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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