Labor Market Survey
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How to write a Labor Market Survey Report?
A labor market survey for senior-level economists should measure the number of hires, tenure status, special positions, and salary offers (expected vs. actual) to provide a comprehensive overview of the market conditions. In a labor market survey for senior-level economists, it is important to measure several key aspects to understand the dynamics of the market. Here is a summary based on the "Outcomes of the Labor Market for Senior Level Economists.
- Number of Hires: The survey captured the total number of senior economists hired in the 2014-15 academic year, which included 22 senior assistant professors, 13 associate professors, and 11 full professors. This information helps in understanding the demand for senior-level economists in academia.
- Tenure Status: Among the associate professors hired, 64.3% were hired with tenure, indicating the level of job security offered to candidates at this rank.
- Special Positions: The survey also noted that 2 senior-level economists were hired for administrative positions, and 7 were hired to fill endowed chairs, highlighting the variety of roles available to senior economists in academia.
- Salary Offers: The survey compared expected vs. actual salary offers for each rank:
- Senior Assistant Professors: The mean expected salary was $, while the actual mean salary was $, indicating a 3.3% increase over expectations.
- Associate Professors: The mean expected salary was with an actual mean salary of $160,500, showing a 4.3% increase over expectations.
- Full Professors: The mean expected salary , and the actual mean salary was, reflecting a 4.4% increase over expectations.
- Institutional Comparisons: The survey also compared salary offers between different types of institutions. For example, all doctoral degree-granting institutions made average actual offers that were 5.4% above expected for senior assistant professors and 21.4% above expected for associate professors.
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