Do Undergraduate Majors or Ph.D. Students Affect Faculty Size?

Author:

Becker William E.1,Greene William H.2,Siegfried John J.3

Affiliation:

1. Indiana University, Adjunct Professor of Commerce, University of South Australia, Research Fellow, Institute for the Study of Labor (IZA) and Fellow, Center for Economic Studies and Institute for Economic Research (CESifo).

2. Stern School of Business, New York University, Distinguished Adjunct Professor at American University and External Affiliate of the Health Econometrics and Data Group at York University.

3. Emeritus of Economics, Vanderbilt University, Senior Research Fellow, University of Adelaide, South Australia, and Secretary-Treasurer of the American Economic Association.

Abstract

Regression analysis using panel data for 42 colleges and universities over 14 years suggests that the economics faculty size of universities offering a Ph.D. in economics is determined primarily by the long-run average number of Ph.D. degrees awarded annually; the number of full-time faculty increases at almost a one-for-one pace as the average number of Ph.D.s grows. Faculty size at Ph.D. granting universities is largely unresponsive to changes in the contemporaneous number of undergraduate economics degrees awarded at those institutions. Similarly, faculty size at colleges where a bachelor's is the highest degree awarded is responsive to the long and short term average number of economics degrees awarded but not the annual changes in BS and BA degrees awarded in economics.

Publisher

SAGE Publications

Subject

General Economics, Econometrics and Finance

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