Wage Differentiation Among University Professors: Evidence from UNI’s College of Business Administration

Previous research has found that professor salaries are greatly influenced by the external labor market, but are also affected by the mobility and seniority of the professors. Using data from the College of Business Administration at the University of Northern Iowa, this study tries to determine what factors affect professor salaries, when holding everything else constant. It was found that department, rank, achieving the status of department head, ratings from RateMyProfessor.com, and summer money were significant in trying to explain the wage variation