This study used 10 years of personnel data of Michigan State University faculty to explore the returns in salary to seniority (the wage-tenure profile) and the degree to which these returns respond to entry-level salaries (or opportunity wages). Elasticities of senior-faculty salaries were estimated with respect to entry-level salaries, and…

The Educational Research Service annually reports an important statistical measure, the Composite Indicator of Changes in Average Salaries and Wages Paid by Public School Systems (CIC), which is designed to reflect overall changes in average salaries and wages paid by school systems in much the same way that the Dow Jones Average or the Standard…

Compensation in higher education is an inclusive term, since all the benefits associated with teaching, research, work with people, and work with knowledge might be included. But in terms of purchasing power it appears that compensation for work in higher education has lost ground against inflation. In contrast, wage and salary earners in many…

Average faculty compensation at institutions reporting comparable data both this year and last increased by 6.4 percent; consumer prices increased by 7 percent between the two years. Related statistics are presented on faculty status, females, medical schools, librarians, and financial problems. (LBH)

Previous research related to the economics of higher education has devoted virtually no attention to the economic return for different disciplines or fields of study. The present study examines the relationship between cost and economic return for undergraduate programs of study at one large public institution, the University of Illinois. In the…

To provide baseline cost data for facilitation of future decisions on resource allocation and to develop a model for compiling and reporting direct expenditures, the Indiana State University conducted a study of expenditures supporting the activities of the School of Education during the fiscal year 1972-73. A computer program was prepared to…

The current cost structure of higher education, comprised of multiple controllable and uncontrollable costs, is analyzed and promising opportunities to reduce costs are explored. Some innovative strategies that have saved substantial sums for the institutions implementing them are highlighted. (MSE)

Analyzes the trend in real income for professors in the United Kingdom from 1965-75 and concludes that the purchasing power of professorial salaries has fallen about 19 percent. Briefly discusses the impact of this decline on career motivation and professional standards in the academic profession. (JG)

This memo proposes a 5 percent increase in productivity in the Dallas Community College District and invites all district personnel to participate by thinking of ways of achieving this goal without lowering standards of educational quality and without reducing salaries and wages. (DC)

Higher education must give close attention to the changing fields of educational economics and public finance. (IR)

This paper formulates a comprehensive model of resource allocation in a local public school district. The theoretical framework specified could be applied equally well to any number of local public social service agencies. Section 1 develops the theoretical model describing the process of resource allocation. This involves the determination of the…

In a study prepared at the Indiana University School of Business, it was revealed that: (1) the Consumer Price Index has risen 39.7 percent from fiscal 1971 to fiscal 1976; since 1970-71, prices have risen slightly more in small cities than in larger ones; and according to the Bureau of Labor Statistics, the cost of living for their lower budget…

Proves that the same single-period structure in relationships among schooling, experience, and earnings can have sharply contrasting meanings for life cycle patterns. Returns on investment in human resources, productivity, and higher education depend on the static or dynamic nature of society, not on the society's wealth or poverty. Includes three…

The purpose of this report was to inform the community of the effect of Chemeketa Community College on the local economy. Considered in this analysis of the college's economic relationship to its district were employee salaries, local capital and service expenditures of the college, and local expenditures by staff and students for housing rental…

The potential impact over a five-year period of various social security proposals upon independent colleges and universities was examined in a survey of 114 institutions. The survey encompassed only administrative, faculty, and staff salaries, and excluded nonprofessional salaries and wages. Data concerning the average increases of employer costs…