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Do Public Ph.D.-Granting Economics Departments Invert Salaries?

By Christiana Hilmer and Michael Hilmer


This study analyzes a unique data set containing current salary and detailed job history information on a sample of 902 individuals drawn from 43 public U.S. Ph.D.-granting departments of economics. An analysis of current salaries by academic rank shows that 25% of Assistant Professors earn more that 50% of Associate Professors and 25% of Associate Professors earn more than 25% of Full Professors. Regression analysis suggests that salary inversion is most likely to exist between Associate and Assistant Professors and is more prevalent in lower ranked programs.Salary Inversion

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