This paper uses institutional level data collected by the American
Association of University Professors as part of their annual survey of faculty
members' compensation to analyze faculty turnover. Analyses of aggregate data
over almost a twenty-year period highlight how remarkably stable faculty
retention rates have been nationwide and how little they vary across broad
categories of institutions. Analyses of variations in faculty retention rates
across individual institutions stress the role that faculty compensation
levels play. Higher levels of compensation appear to increase retention rates
for assistant and associate professors (but not for full professors) and the
magnitude of this effect grows larger as one moves from institutions with
graduate programs, to four-year undergraduate institutions, to two-year
institutions.
*Published:
Economics of Education Review, Vol.10, No.2, 1991.
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