Abstract
This study is based on the 2014 NABE salary survey and estimates the relationship between the total compensation and the professional characteristics of NABE members who responded to the survey. The underlying regression results form the basis for the salary calculator found on the NABE website. This study builds on previous models, and we find many consistencies with previous results as well as some interesting exceptions.
Similar content being viewed by others
Notes
See Lemieux [2003] for a review of the subsequent use of Mincer’s analytic framework.
The 2010 model was an estimation done to refresh the NABE online Salary Calculator. There was no paper published, however.
References
Bernstein, Elizabeth and Christopher Swann . 2010. “Compensation of Economists—Measuring the Market Value of NABE Member Characteristics.” Business Economics, 45 (3): 204–209.
Griffiths, William E., R. Carter Hill and George G. Judge . 1993. Learning and Practicing Econometrics. John Wiley and Sons.
Jaquette, Peter . 2006. “Modeling NABE Members’ Compensation.” Business Economics, 45 (2): 55–60.
Kmenta, Jan . 1971. Elements of Econometrics. Macmillan.
Lemieux, Thomas . 2003. The ‘Mincer Equation’ Thirty Years after Schooling, Experience, and Earnings. Center for Labor Economics, University of California, Berkeley, Working Paper No. 62, October.
Mincer, J. 1974. Schooling, Experience and Earnings. National Bureau of Economic Research.
The NABE Foundation, 2014. Salary Characteristics 2014, NABE Salary Survey, 50th Anniversary Edition, Salary Survey Highlights, Business Economics Career Center, NABE website, http://www.nabe.com/careers/ (accessed September, 2014).
Acknowledgements
We wish to thank Kemm Farney, Paul Rappoport, Kevin Swift, and Tom Beers, whose comments helped to refine the article and sharpen the analysis.
Additional information
*Christopher Swann is Vice-President Research Services at Select Greater Philadelphia, where he is responsible for market and economic research that supports economic development for the Greater Philadelphia region. He began his career at Bell Atlantic in research and later joined WEFA as a senior economist and consultant. Before joining Select, he served at the U.S. Bureau of Economic Analysis. He is a past NABE Board member and is currently on the editorial board of Business Economics. He received his Ph.D. in Economics from Temple University and his B.A. in Economics from Washington University, St. Louis.Anessa Custovic is Research Associate at Select Greater Philadelphia and is responsible for research and support for Select Research Services. She received her B.A. in Economics from Arcadia University in Philadelphia and is currently preparing for fall 2015 Ph.D. admissions.
Rights and permissions
About this article
Cite this article
Swann, C., Custovic, A. Estimating the Impact of NABE Member Characteristics on Compensation. Bus Econ 50, 39–44 (2015). https://doi.org/10.1057/be.2015.3
Published:
Issue Date:
DOI: https://doi.org/10.1057/be.2015.3