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Article
Hedonic wage equations for higher education faculty
Economics of Education Review (2002)
  • PHILIP E GRAVES, University of Colorado at Boulder
  • JAMES R MARCHAND, Mercer University
  • ROBERT L SEXTON, Pepperdine University
Abstract
This paper discusses the use of hedonic techniques to theoretically and empirically understand the wages of higher education faculty. The paper first presents theoretical models of department and faculty choice. These models represent a synthesis of prior work in the hedonic area. The models imply a hedonic wage equation for faculty with wages dependent on productivity, departmental amenities and locational amenities. The theoretical discussion is followed by exploratory and illustrative empirical work. In summary, the reported regressions show that increased teaching loads and secretaries per faculty member tend to decrease salaries while increasing referred journal articles, hotter than average summers, colder than average winters and a Ph.D. program tend to increase professor’s salaries.
Keywords
  • Educational economics,
  • Salary wage differentials,
  • Wage hedonic
Publication Date
October, 2002
Citation Information
PHILIP E GRAVES, JAMES R MARCHAND and ROBERT L SEXTON. "Hedonic wage equations for higher education faculty" Economics of Education Review Vol. 21 Iss. 5 (2002)
Available at: http://works.bepress.com/philip_graves/52/