What is the impact of the gender pay gap in academia over the course of a career and retirement? To quantify this impact, we used a Canadian post-secondary institution as a case study and simulated the effects of the reported difference in salary across multiple academic career trajectories. A starting wage gap of less than $9,000 resulted in a…

Faculty working well beyond retirement age has become an issue in higher education that includes increased expenditures in benefits and salaries, hindrance of hiring minorities and women, and teaching effectiveness. The effects of aging faculty contribute to the factors in student retention. A few factors in student success involve affordability,…

Rough financial seas had been buffeting many colleges and universities for years before the recession that began in late 2007. Then in mid-September 2008, an economic tsunami crashed into campuses, challenging their ability to provide the accessible, high-quality education necessary to achieve long-term national goals. As the economy weakened at…

Like many states, Minnesota has incurred large budget deficits during the past two years. Those deficits have, in turn, led to changes in a number of areas of state government, particularly higher education. Faculty have incurred pay freezes and layoffs, programs have closed, and tuition increased. Campuses within the MnSCU system have been…

This paper presents the annual report of the American Association of University Professors on the economic status of the profession for 2010-2011. This analysis of the economic status of the faculty begins with results from this year's annual survey of full-time faculty compensation. Survey report table 1 presents the most basic results, while…

One of the most important aspects of growing and improving business education is replacing departed faculty members. As the baby-boom generation approaches retirement, the supply of available replacement faculty members is diminishing. The result is a competitive market for replacement faculty that features increasing starting salary levels. In…

According to the National Bureau of Economic Research, the Great Recession began in December 2007 and ended in June 2009. With a duration of eighteen months, this recession was almost double the length of the average post-World War II economic downturn. Although the worst recession since the Great Depression is now technically over, this analysis…

Discusses some of the retirement plans offered at several higher education institutions. (HS)

A serious problem for retired teachers is the decreasing buying power of their retirement benefit. Older teachers who have been retired for 10 years or more face serious economic problems because of low salaries in the past, weak benefit formulas, lost service credit by teachers who moved from one State to another during their teaching careers,…

Charts and graphs illustrate trends in (1) values of college employee pension money invested in the stock market since 1990; (2) college spending on a variety of faculty fringe benefits in 1992-93, by institution type; and (3) the relationship between faculty salaries and the cost of living, 1986-87 to 1992-93. (MSE)

Mandatory retirement of college faculty, as affected by the amendments to the Age Discrimination in Employment Act (ADEA), is considered in relation to the changing faculty age profile, retirement strategies to cope with ADEA, and other issues under ADEA. ADEA raised the mandatory retirement age from 65 to 70, and tenured faculty were exempted…

Faculty salary and fringe benefit data for 1985-1986 and 1986-1987 at California State University and the University of California are examined, along with data for comparison institutions. University of California medical faculty salary comparisons from 1984-1985 are also provided. Statistics on salary and fringe benefits are provided by faculty…

The collective bargaining agreement between Wayne State University and the Wayne State University Chapter of the American Association of University Professors covering the period August 1, 1986-July 31, 1988 is presented. Items covered in the agreement include: personnel classification, union rights and privileges, administration rights, deduction…

The collective bargaining agreement between Wayne State University and the Wayne State University Chapter of AAUP covering the period August 1, 1983-July 31, 1986 is presented. Items covered in the agreement include: personnel classification, administration rights, union rights, union privileges, deduction of union dues and fees,…

Findings of three reports on the potential impact of age 70 mandatory retirement legislation on the arts and sciences faculties of institutions belonging to the Consortium on Financing Higher Education (COFHE) are summarized. In a report by J. Russell Southworth et al., faculty flow (departures, new appointments, appointments to tenure, etc.) is…