Abstract
This paper contrasts the performance levels and promotion experiences of 371 faculty members under three different market conditions reflecting the supply and demand for university faculty (buyer's market, seller's market, and stable market). The central questions examined are, What is the effect of market conditions upon (1) the length of time it takes for promotion; (2) the promotion rate; (3) the productivity of assistant and associate professors before each promotion; and (4) the productivity of full professors after attaining that rank? Findings are most consistent with a market model indicating that faculty promoted during a buyer's market remain in rank longer before being promoted and exhibit a greater rate of productivity than faculty promoted during other market conditions. There is also support for the elite model in that the impact of “tight” market conditions on productivity is greatest for faculty below the rank of full professor.
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