According to a 2019 Pew Research Center survey, 67% of Americans support raising the federal minimum hourly wage from $7.25 to $15 per hour, with 41% strongly supporting the increase. Raising the federal minimum wage to $15 per hour has been the battle cry for many members of Congress, while others have opposed or expressed concern regarding, such…

In a knowledge market, the knowledge, skills and expertise needed for the economic and sociopolitical transformation of a nation and its citizens are transacted at different prices. Inequitable access to this market poses a serious threat to the economic welfare of the country and its citizens. The authors assess the extent of this threat with…

Women born in 1935 went to college significantly less than their male counterparts and married women's labor force participation (LFP) averaged 40% between the ages of thirty and forty. The cohort born twenty years later behaved very differently. The education gender gap was eliminated and married women's LFP averaged 70% over the same ages. In…

Innovation is the key to productivity growth and prosperity. Most empirical cross-country analysis of the determinants of innovation focus mainly on developed countries. The objective of this study is to fill this gap in the research and analyze the determinants of innovation in transition countries of Eastern Europe and the Former Soviet Union.…

Income growth and stagnation is discussed, several trends in income inequality among American families are examined, and the notion of a vanishing middle class that may be losing the college cost race is addressed. (MSE)

An extension of earlier research into the growth of dentistry in the United States found that the profession maintained its economic strength relative to the economy, growing at a somewhat faster rate, that inflation was less, and that growth was not adversely affected by the recession of 1978-84. (Author/MSE)

Data from an annual national survey indicate that college faculty salaries increased just 0.4 percent when adjusted for inflation, with variation by faculty rank and institution type. Recession and negative public opinion are blamed. Public college faculty salaries increased less than private college salaries, broadening an existing gap.…

An American Association of University Professors report finds the highest one-year gains (above inflation) in over a decade in faculty's "real salaries" in 1997-98. While salaries have not returned to 1970s predecline levels, the generally upward trend is continuing. The report also compares faculty salaries with those of others at…

Trends in college faculty salaries in Australia since 1967 are examined, in real terms, for several academic ranks and in comparison with salaries of scientists, senior public service administrators and managers, and public service engineers. Faculty salary losses since a 1973 high are substantial, both over time and in comparison with other…

Despite rapid growth of educational enrollments in response to labor market demands for educated workers, there remains a shortage of full-time jobs and a gap between real wage growth and changing educational quality of the workforce. It is possible that a better educated workforce can make only limited contributions to economic growth or that…

Trends in Teachers Insurance and Annuities Association (TIAA) and College Retirement Equities Fund (CREF) investments as compared with Standard and Poor's 500 stocks are graphed for 1989-92; and increases in college administrator salaries, by institution type and job type, are tabulated for each academic year, 1988-89 through 1991-92. (MSE)

Employs Portuguese data to test competing hypotheses about effects of over- and under-education on earnings. The human capital trade-off theory seems irrelevant. The hypothesis of technology-produced pockets of over- and under-education is consistent with Portugal's efforts to promote economic growth, modernize industry, and upgrade educational…

Disciplinary and rank salary differences in higher education are immense and growing, and neither a marketplace nor a uniform approach explains or guides the setting of academic salaries. Salary differences must be prevented from generating feelings of second-class citizenship to maintain a common purpose among faculty. (MSE)

While faculty salaries rose more overall, there are continuing signs of salary compression, with lower-ranking faculty getting larger raises than higher-ranking faculty, and faculty continue to lose purchasing power. (MSE)

Problems of personnel evaluation and gender bias are discussed as they relate to the current restructuring of Australian college and university salaries. Areas of evaluation seen as needing some improvement include the job analysis, standards for job equivalence, information gathering, writing of job descriptions, evaluation, and postevaluation…