Jeff Sorensen

Oct 26, 2024 | scholarsarchive.byu.edu | Jeff Sorensen |James McDonald |James Mcdonald |Brigham Young

Keywordsacademic salary compression, labor, high demand, low supply, moving costsCollegeFamily, Home, and Social SciencesAbstractSalary compression is common in many fields with high demand for or low supply of a specific type of labor. In order to attract new recruits in such fields, employers sometimes must offer them wages higher than those of more senior employees. Unlike in most labor markets, there is evidence that returns to seniority for college professors are negative.