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Associate Professors’ Salaries in U.S. Economics Departments (2), 1964/5-1965/66

 

This is the second table from the so-called “Cartel” summary report from December 1965 of 9-10 month salaries paid in U.S. economics departments. Tables 2c give figures for the distribution of associate professor salaries across the departments reporting. Last posting gave the distribution for full-professors. Future postings include the actual salary distributions for assistant professors and freshly completed PhD’s 1964/65 and 1965/66. Refer to the first posting in this series of tables for information about the compiler Professor Francis Boddy of the University of Minnesota and a list of the 30 departments belonging to the Chairmen’s Group.

Also there is a table of the anticipated (as of December 1965) range of salaries to hire freshly completed PhD’s for the coming academic year, 1966-67.

Using the BLS web CPI Inflation calculator, one can inflate nominal levels (say for December 1965, the date of the report) to April 2017 using a factor of 7.69.

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TABLE 2c
ASSOCIATE PROFESSORS 1965-66, 1964-65

(1)
Median Salaries
All Associate Professors

MID-POINT
OF RANGE
1965-66 1964-65
Over 13,749 3 0
13,500 2 0
13,000 2 1
12,500 6 3
12,000 5 2
11,500 4 3
11,000 3 11
10,500 2 4
10,000 0 0
9,750 0 1
9,500 0 2
N= 27 27
Median $12,000 $11,000
Mean $12,173 $11,093

 

 

TABLE 2c
ASSOCIATE PROFESSORS 1965-66, 1964-65

(2)
Average Salaries
“Superior Associate Professors”
(Top 1/3)

MID-POINT
OF RANGE
1965-66 1964-65
Over 16,249 0 1
16,000 1 0
15,500 1 0
15,000 2 0
14,500 2 0
14,000 5 2
13,500 6 4
13,000 4 6
12,500 3 3
12,000 0 4
11,500 1 3
 [sic, cell empty] 1 2
 [sic, cell empty] 0 1
N= 26 26
Median $13,000 $12,186
Mean $13,082 $12,159

 

 

TABLE 2c
ASSOCIATE PROFESSORS 1965-66, 1964-65

(3)
Average Salaries
“Average Assoc Professors”
(Lower 2/3)

MID-POINT
OF RANGE
1965-66 1964-65
14,500 0 0
14,000 1 0
13,500 0 0
13,000 4 1
12,500 4 1
12,000 2 2
11,500 3 2
11,000 7 8
10,500 3 4
10,000 2 4
9,750 0 1
9,500 0 2
9,250 0 0
9,000 0 0
8,750 0 1
8,500 0 0
N= 26 26
Median $11,265 $10,775
Mean $11,640 $10,760

 

Source: Johns Hopkins University. The Ferdinand Hamburger, Jr. Archives. Department of Political Economy, Series 5, Box 6, Folder 2 “Statistical Information”.

Image Source: “The monopolists’ may-pole” by F. Opper.  Centerfold of Puck, vol. 17, no. 425 (April 29, 1885). Library of Congress Prints and Photographs Division Washington, D.C. 20540 USA.

Irwin Collier

Posted by: Irwin Collier