[econoclectic] EclectEcon: How Much Do You Earn, Professor Palmer?

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Posted by EclectEcon:
How Much Do You Earn, Professor Palmer?
http://econoclectic.powerblogs.com/posts/1176722858.shtml


   I am not telling. But [1]here are some median professor salaries, by
   discipline, courtesy of [2]Newmark's Door.
   The columns probably won't line up. They are:
   Discipline . . . Full prof . . . Assoc Prof . . . Asst Prof . . . New
   Asst Prof . . . Instructor
   Biological and Biomedical Sciences . . .86,612 $62,677 $52,510 $52,275
   $41,103
   Business, Management, Marketing, and Related Support Services $98,384
   $82,347 $75,835 $81,842 $51,939
   Communication, Journalism and Related Programs $77,307 $59,549 $50,027
   $48,637 $41,230
   ...
   English Language and Literature/Letters $74,040 $57,598 $47,724
   $47,357 $37,573
   English Language and Literature/Letters: General $73,693 $56,868
   $47,405 $47,006 $37,612
   Family and Consumer Sciences/Human Sciences $78,255 $61,948 $51,238
   $50,869 $40,320
   ...
   Social Sciences $81,501 $63,008 $52,826 $52,619 $42,019
   Social Sciences: Political Science & Government $79,648 $61,247
   $50,207 $50,207 $41,591
   Social Sciences: Sociology $78,061 $59,919 $49,935 $49,142 $39,817
   Theology and Religious Vocations $66,706 $55,518 $47,310 $45,665
   $39,732
   The universities do a good job of extracting rent from those who have
   low opportunity costs (i.e. are not, on average, much good for
   anything else?). No wonder others are jealous of the salaries earned
   in law, biz, and economics.
   Phil Miller has his usual insightful comments about opportunity costs
   and professors' [3]salaries here.
   Scoop suggests contrasting economists' salaries with the salaries of
   those who declare a double major in theology and the arts.
   Does anyone know why newly hired assistant profs in many fields are
   paid more than "assistant professors"? Surely that type of salary
   inversion cannot be good for morale or for retention of good faculty
   members.

References

   1. http://www.higheredjobs.com/salary/salaryDisplay.cfm?SurveyID=6
   2. http://newmarksdoor.typepad.com/mainblog/2007/04/some_new_facult.html
   3. http://marketpower.typepad.com/market_power/2007/04/this_is_not_ine.html