Abstract
Labor economic theory posits that job mobil ity should affect worker salaries. The degree to which this holds for academic faculty has received considerable attention. Prior empirical studies have estimated log wage regressions that control for both years of total work experience and years of seniority at the current institution in an effort to determine whether negative returns to seniority exist in academic labor markets (for example, Bernt Bratsberg, James Ragan, and Jim Warren 2003 and William Moore, Robert Turnbull, and Geoffrey Newman 1998 for aca demic economists; Michael Ransom 1993, Kevin Hallock 1995, and Emily Hoffman 1976 for specific institutions; Debra A. Barbezat and Michael R. Donihue 1998 and Barbezat 1989 for
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