State Rankings of Cost of Living Adjusted Faculty Compensation

Accounting and Taxation, Vol. 1, No. 1, pp. 121-137, 2009

17 Pages Posted: 22 Jan 2010 Last revised: 27 Apr 2011

See all articles by Terrance Jalbert

Terrance Jalbert

University of Hawaii - Department of Business Administration

Mercedes Jalbert

The Institute for Business and Finance Research

Karla Hayashi

University of Hawaii at Hilo

Date Written: 2009

Abstract

In this paper we rank states based on higher education faculty compensation. Data on 574 universities across each of the 50 states and the District of Columbia are aggregated to develop a state compensation average. The analysis examines states both on a raw basis and on a cost of living adjusted basis. Rankings are reported for various academic classifications of faculty. Rankings based on salary data alone and salary and benefit combined data are presented. The results indicate that rankings of states based on raw and cost of living adjusted data are markedly different. The results suggest that faculty seeking employment opportunities should carefully consider cost of living issues. Administrators should design salary packages that reflect the local cost of living conditions in their area to attract quality faculty.

Keywords: cost of living, ranking, faculty compensation, higher education salaries

JEL Classification: J31, J44

Suggested Citation

Jalbert, Terrance and Jalbert, Mercedes and Hayashi, Karla, State Rankings of Cost of Living Adjusted Faculty Compensation (2009). Accounting and Taxation, Vol. 1, No. 1, pp. 121-137, 2009, Available at SSRN: https://ssrn.com/abstract=1539635

Terrance Jalbert (Contact Author)

University of Hawaii - Department of Business Administration ( email )

808-974-7456 (Phone)

Mercedes Jalbert

The Institute for Business and Finance Research ( email )

P.O. Box 5569
Hilo, HI 96720
United States

HOME PAGE: http://www.theIBFR.com

Karla Hayashi

University of Hawaii at Hilo ( email )

200 W. Kāwili St.
Hilo, HI 96720-4091
United States

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