Using choice experiments and latent-class modeling to investigate and estimate how academic economists value and trade off the attributes of academic positions


Unpublished


Edward R. Morey, Jennifer Thacher
2013

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Cite

APA   Click to copy
Morey, E. R., & Thacher, J. (2013). Using choice experiments and latent-class modeling to investigate and estimate how academic economists value and trade off the attributes of academic positions.


Chicago/Turabian   Click to copy
Morey, Edward R., and Jennifer Thacher. “Using Choice Experiments and Latent-Class Modeling to Investigate and Estimate How Academic Economists Value and Trade off the Attributes of Academic Positions,” 2013.


MLA   Click to copy
Morey, Edward R., and Jennifer Thacher. Using Choice Experiments and Latent-Class Modeling to Investigate and Estimate How Academic Economists Value and Trade off the Attributes of Academic Positions. 2013.


BibTeX   Click to copy

@unpublished{edward2013a,
  title = {Using choice experiments and latent-class modeling to investigate and estimate how academic economists value and trade off the attributes of academic positions},
  year = {2013},
  author = {Morey, Edward R. and Thacher, Jennifer}
}

I thought this research superb, but no journal has reached that conclusion! 

Abstract: We investigate how economists would choose among academic positions as a function of the levels of attributes such as department rank,their teaching load, and their salary. We identified all 1735 faculty in the top fifty economics departments and asked each one "Would you prefer to work in Department A or Department B," questions." A latent-class choice model was estimated, identifying four classes. What is preferred and the rates at which attributes substitute for attributes, and for money, vary substantially across the four classes. The largest two classes made choices consistent with homo economicus




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