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Journal Article

Seniority and Monopsony in the Academic Labor Market

Michael R. Ransom
The American Economic Review
Vol. 83, No. 1 (Mar., 1993), pp. 221-233
Stable URL: http://www.jstor.org/stable/2117505
Page Count: 13
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Seniority and Monopsony in the Academic Labor Market
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Abstract

Workers with high seniority usually have higher wages than workers with low seniority and the same total labor-market experience. In contrast, the results of this paper indicate that for university professors higher seniority is associated with lower salaries. I document this finding for national surveys and individual institutions and explain it as due to monopsonistic discrimination by employers.

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