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American Economic Review: Vol. 101 No. 3 (May 2011)

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Negative Returns to Seniority and Job Mobility across the Program Quality Distribution: Are Top Public PhD-Granting Programs Different?

Article Citation

Hilmer, Michael J., and Christiana E. Hilmer. 2011. "Negative Returns to Seniority and Job Mobility across the Program Quality Distribution: Are Top Public PhD-Granting Programs Different?" American Economic Review, 101(3): 466-70.

DOI: 10.1257/aer.101.3.466

Abstract

We analyze a unique data set containing annual salary and detailed job and publication histories for a sample of 1,009 faculty members drawn from 53 public Ph.D.-granting economics departments. Empirical results suggest that all else equal: (1) statistically significant negative returns to seniority exist within lower-ranked but not top 15 programs; (2) more frequent movers observe statistically higher annual salaries in lower-ranked but not top 15 programs; and (3) for each level of seniority, faculty in top 15 programs are more likely to move at any point in the career than faculty in lower-ranked programs.

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Authors

Hilmer, Michael J. (San Diego State U)
Hilmer, Christiana E. (San Diego State U)

JEL Classifications

A11: Role of Economics; Role of Economists
I23: Higher Education and Research Institutions
J31: Wage Level and Structure; Wage Differentials
J44: Professional Labor Markets; Occupational Licensing
M51: Personnel Economics: Firm Employment Decisions; Promotions


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