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ERIC Number: EJ799265
Record Type: Journal
Publication Date: 2008-Jun
Pages: 16
Abstractor: As Provided
Reference Count: 13
ISSN: ISSN-0964-5292
A Theory of Tenure-Track Contracts
Cater, Bruce; Lew, Byron; Smith, Barry
Education Economics, v16 n2 p203-218 Jun 2008
This paper offers an explanation of the use of tenure-track contracts in academia. It argues that, because the results of academic research cannot be sold, a professor's profitability depends on the market value of the instruction he or she provides. But because that value depends directly on the extent of his or her observable research accomplishments, a profit-maximizing university will dismiss a professor who fails to initially establish a strong research record, but will tolerate a professor who fails to augment a record that is already strong. (Contains 1 figure.)
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A