Publishing pays in economics

Here is a new paper by Suzanne O’Keefe and Ta-Chen Wang:

We study salaries of economics faculty at the University of California to determine how publications affect salary. We find that each publication in a top 10 journal has a positive and significant effect on annual base salary of 1.5%, or $2,053. Unlike previous research, our analysis specifies the impact of publications in specific journals. Publications in American Economic Review, Econometrica, and Review of Economics and Statistics have an independent positive effect on salary. Compensation is also affected by faculty rank, seniority, university of employment, and teaching awards. Base salary does not significantly differ by gender, however, gross salary is about 9% lower for women. After controlling for migration and faculty rank, seniority has a negative impact on salary.

Here is a sentence of interest:

Full-time tenure-track economics faculty members in the UC system have gross salaries ranging from about $70,000 to $378,000.

Against my expectations, UCLA economics professors are paid more than 13k more, on average, than UC Berkeley economics professors.  The pay gap for women is larger in economics than in these universities as a whole.

The possibly gated article is here, and for the pointer I thank Michelle Dawson.


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