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Tenure and Other Unusual Personnel Practices in Academia

Journal of Law, Economics, and Organization, Vol. 14, No. 1, Spring 1998

Posted: 7 Jan 1998  

Aloysius Siow

University of Toronto - Department of Economics; IZA Institute of Labor Economics

Abstract

Modern universities sell (teach) knowledge of social and scientific advances. In carrying out their objective, universities have to address three related constraints: 1) the problem of specialization as knowledge expands, 2) research obsolescence, and 3) the informational asymmetries between a university and its faculty. This paper explores how distinctive features of academia, including peer review, tenure, up or out rules, the negative seniority wage premium, the role of outside offers and the proliferation of academic journals, alleviate these constraints. The paper also studies how these issues affect the evolution of the organization of academia in North America.

JEL Classification: I2, J44

Suggested Citation

Siow, Aloysius, Tenure and Other Unusual Personnel Practices in Academia. Journal of Law, Economics, and Organization, Vol. 14, No. 1, Spring 1998. Available at SSRN: https://ssrn.com/abstract=47940

Aloysius Siow (Contact Author)

University of Toronto - Department of Economics ( email )

150 St. George Street
Toronto, Ontario M5S 3G7
Canada
416-978-4139 (Phone)
416-978-6713 (Fax)

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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