Poorly Paid Professors
Professors earn about 15 percent less than others with advanced degrees, finds a study circulated Tuesday by the National Bureau of Economic Research. The study, “Why Are Professors ‘Poorly Paid’?,” uses data from the Current Population Survey to compare the salaries and other characteristics of those with Ph.D., Ed.D., J.D. or M.D. degrees. Those who reported their profession as “postsecondary teacher” were compared to everyone else… Although on average professors appear poorly paid compared to other highly-educated workers, their average weekly earnings are 44 percent higher than those of workers without advanced degrees… To any who might imagine that lawyers and doctors work longer hours than professors, Hamermesh uses data from the American Time Use Survey to demonstrate that this is not the case.
Read full article [here].
by Scott Jaschik, Inside Higher Ed.