In the series of discussion papers of the IZA Institute of Labor Economics in Bonn, Daniel Hamermesh published an article Why are Professors “poorly paid”? in which he demonstrates a 15-percentage wage disadvantage for academics compared professionals outside academia with exactly the same profile. He also demonstrates that although the academic staff work equally long weeks as their colleagues outside the university, their hours are spread more evenly over the hours of the day and days of the week. He used the data from the Current Population Surveys of the American National Bureau of Economic Research.
February 26, 2018