The design of a faculty salary structure that gives weight both to professional concerns about merit and to personal concerns of salary improvement in the course of an academic career is illustrated. Commitment to quality, resources, and leadership are seen as essential to this model's success. (MSE)

Examination of college faculty salaries across disciplines suggests that the traditional academic wage scale is increasingly stressed by academic labor market forces. This trend has implications for faculty morale and commitment, turnover, faculty encouragement of students to pursue academic careers, and the relationship of the reward system to…

Adam Smith's discussion of the payment modes of teachers and resulting consequences for the quality of teaching and process of curricular innovation are reviewed through the conceptual lens of modern agency theory. Smith's analysis of higher education in his day (eighteenth century) sheds light on faculty incentive and assessment problems that…