The Hedonic Price Structure of Faculty Compensation at U.S. Colleges and Universities

Authors

David E. Clark, Marquette UniversityFollow
Thomas A. Knapp, Pennsylvania State University - Wilkes-Barre

Document Type

Article

Language

eng

Format of Original

25 p.

Publication Date

Fall 1995

Publisher

Southern Regional Science Association

Source Publication

Review of Regional Studies

Source ISSN

0048-749X

Abstract

Economic theory suggests that the variation in academic salaries across institutions in part reflects compensating differences associated with variation in the levels of local "quality of life" factors such as environmental quality and the provision of local public services. This paper presents an econometric analysis of the hedonic, or implicit price structure, of faculty compensation at U.S. colleges and universities using data from AAUP merged with data on a host of location-specific characteristics. Quality of life factors are found to be important, accounting for between 7 percent and 12.8 percent of total compensation.

Comments

Published version. Review of Regional Studies, Vol. 25, No. 2 (Fall 1995): 117-141. DOI. © 1995 Southern Regional Science Association. Used with permission.

Recommended Citation

Clark, David E. and Knapp, Thomas A., "The Hedonic Price Structure of Faculty Compensation at U.S. Colleges and Universities" (1995). Economics Faculty Research and Publications. 49.
https://epublications.marquette.edu/econ_fac/49