This paper examines the characteristics of entry level academic economists and investigates the determinants of market salaries. Contrary to what might be expected we find that nominal salaries are not systematically adjusted to reflect observable differences in the cost of living and salary...

This paper examines the characteristics of entry level academic economists and investigates the determinants of market salaries. Contrary to what might be expected, we find that nominal salaries are not systematically adjusted to reflect observable differences in the cost of living. Our findings...