Seniority and monopsony in the academic labor market: comment

Article Abstract:

Michael Ransom argued that monopsony in academic labor markets exist because workers in universities incur earnings loss due to negative returns to seniority. Analysis on data from University of Massachusetts at Amherst (UMASS), however, indicate contradictory findings. It was argued that return to seniority at UMASS was positive and that tenured faculty had higher salaries. The concave seniority profile at UMASS, which was discovered to be robust, was attributed to the faculty labor union at UMASS.

Labor market

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Seniority and monopsony in the academic labor market

Article Abstract:

Workers with low seniority tend to have lower wages than those with high seniority, but research indicates that university professors with high seniority tend to have lower salaries. The lower productivity of professors with high seniority does not appear to account for the differences in salaries. A better explanation is that of monopsonistic discrimination by employers. The high moving costs of high-seniority professors result in lower salaries.

Compensation and benefits, Labor supply, Labor force, Employee seniority, Seniority

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Does where you stand depend on where you sit? Tithing donations and self-serving beliefs

Article Abstract:

A survey was conducted on the influence of financial situations and self-serving bias on the tithing beliefs of members of the Latter-Day Saints. Results showed that financial gain has little influence in tithing. However, tithing was largely affected by the self-serving bias due to strong religious motivations. Individuals who actively participate in church activities tithe more than those who were less involved.

Religious aspects, Mormons, Tithes

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