TY  - JOUR
AU  - Ehrenberg,Ronald G.
AU  - Cheslock,John L.
AU  - Epifantseva,Julia
TI  - Paying our Presidents: What do Trustees Value?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 7886
PY  - 2000
Y2  - September 2000
UR  - http://www.nber.org/papers/w7886
L1  - http://www.nber.org/papers/w7886.pdf
N1  - Author contact info:
Ronald G. Ehrenberg
Cornell Higher Education Research Institute
271 Ives Hall East
Ithaca, NY  14853-3901
Tel: 607/255-3026
Fax: 607 255 4496
E-Mail: rge2@cornell.edu

John J. Cheslock
E-Mail: jjc36@psu.edu
AB  - We use panel data on the salaries and benefits of private university and college presidents for the 1992-93 to 1996-97 period to try to infer the factors that the trustees of these institutions value. Salary level equations suggest that the salary and compensation of the presidents are positively associated with the enrollment and endowment levels of their institutions and the test scores of their entering students. Salary and compensation change equations estimated for the presidents who remained in their positions for four years provide only weak evidence that presidents' pay increases are related to their fund raising success and no evidence that they get rewarded for their institutions' freshmen test scores increasing.
ER  -