ERIC Number: ED240899
Record Type: RIE
Publication Date: 1983
Reference Count: 0
The Effects of Academic Market Value on the Outliers of a Multi-Variant Regression Analysis of Faculty Salaries.
Simpson, William A.; Sperber, William E.
Three models to describe university salary structure were assessed. Attention was focused on full-time, permanent faculty in ranks of instructor through full professor. Model I postulated that the internal labor market is uninfluenced by the external academic market. The results of model I were compared to the results of a model that adjusted for the market value of academic disciplines. It was found that the market value of academic disciplines have a considerable effect on the regression residuals. The judgment as to which departments are underpaid is almost completely dependent upon whether the market factors are or are not considered. Statistical measures indicated that the model incorporating external market effects (model III) has less auto-correlation of the salary residuals and is therefore the preferred model. A further comparison of two models, utilizing slightly different sets of market factors (Model II and Model III), showed that the salary residuals are extremely sensitive to data changes. (SW)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: N/A