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Compensation of Economists—Measuring the Market Value of NABE Member Characteristics

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Abstract

This study is based on the 2008 NABE salary survey and provides detail on the estimated relationship between the total compensation and the professional characteristics of NABE members who responded to the survey. This study builds on previous work done by Peter Jaquette in analyzing the 2006 salary survey data. We find many similarities to the 2006 results, but also find interesting exceptions in the 2008 sample that suggest further inquiry in subsequent survey analysis.

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Notes

  1. Compensation is salary plus bonus plus additional compensation.

References

  • Jaquette, Peter . 2006. “Modeling NABE Members’ Compensation.” Business Economics, 41 (3): 55–60.

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Acknowledgements

Thanks are extended to Peter Jaquette for his guidance and insight and on whose earlier specification this model is based. Thanks also are extended to an anonymous referee whose comments helped to refine the article and sharpen the analysis.

Authors
  1. Elizabeth Bernstein
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  2. Christopher Swann
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Additional information

This paper was not written as part of the authors’ official duties at the Bureau of Economic Analysis (BEA) and does not represent the views of BEA.

*Elizabeth Carroll Bernstein is an economist in the National Income and Wealth Division at the Bureau of Economic Analysis. She has been an active member of NABE since 2004 and is currently serving on the NABE Education committee. She holds a Master of Arts in Economics with an emphasis in policy from Boston University and a Bachelor of Science in Business Administration (B.S.B.A.) in Economics and a B.S.B.A. in Finance from the University of Central Florida. Christopher Swann is an economist in the National Income and Wealth Division of the Bureau of Economic Analysis, where he prepares the article “GDP and the Economy” in the Survey of Current Business. He is a past NABE Board Member, past Roundtable Chair, past Chapter President, and currently serves on several NABE committees, including Get Connected. He holds a B.A. from Washington University and M.A. and Ph.D. degrees from Temple University.

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Bernstein, E., Swann, C. Compensation of Economists—Measuring the Market Value of NABE Member Characteristics. Bus Econ 45, 204–209 (2010). https://doi.org/10.1057/be.2010.18

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  • DOI: https://doi.org/10.1057/be.2010.18

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