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Unformatted text preview: -sensitivity of faculty turnover to relative salaries is higher for asst profs than for asso profs and higher for asso profs than for full profs-full profs become tied to their communities with age; cost of moving themselves and their families increases substantially-main idea: reduced willingness of senior faculty to incur the monetary and psychological costs of moving to other institutions-main idea: presence of a nearby competitor reduces the ability of an institution to restrict senior faculty members salaries-deans can also respond with a salary adjustment for specific faculty member...
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This note was uploaded on 09/20/2009 for the course ILRLE 6480 taught by Professor Ehrenbergr during the Fall '07 term at Cornell University (Engineering School).
- Fall '07