Economics

I've probably gotten a dozen pointers to Gregory Petsko's open letter in support of the humanities, addressed to the President of SUNY-Albany, over the last couple of weeks (the link is to a reposting of the letter at Inside Higher Ed; it was originally on Petsko's own blog). I haven't linked to it or commented on it here, mostly because while I'm broadly sympathetic with his position, after the second use of "[Famous Writer] said [interesting thing] which I'm sure your department of [humanities field] could tell you about, if you hadn't eliminated them," my reaction had shifted significantly…
The American Institute of Physics has a statistics division that produces lots of interesting analyses of issues relevant to the discipline. A couple of them were released just recently, including one on the job status of new Ph.D.'s (PDF). The key graph from the report is this one: The text of the report talks up the recent decrease in the number of post-doc jobs and increase in potentially permanent positions, but the long term trend looks pretty flat to me-- averaged over the thirty years of data, it looks like a bit more than half of new Ph.D.'s have always taken post-doc positions, and…
Via Steve Hsu, a GNXP post about the benefits of elite college educations, based largely on a graph of income vs. US News ranking. While the post text shows some of the dangers of taking social-science data too literally (the points on the graph in question are clearly binned, so I would not attribute too high a degree of reality to a statement like "The marginal benefit of getting into the next highest ranked school is actually higher the higher the rank of your current school. In other words, Yale grads should really really want to go to Harvard"), the apparent effect is pretty significant…
Speaking of teacher evaluation schemes, as we were, Doug Natelson draws my attention to a new proposal from Texas A&M: [Frank] Ashley, the vice chancellor for academic affairs for the A&M System, has been put in charge of creating such a measure that he says would help administrators and the public better understand who, from a financial standpoint, is pulling their weight. A several-inches thick document in the possession of A&M System officials contains three key pieces of information for every single faculty member in the 11-university system: their salary, how much external…
At Inside Higher Ed this morning, they have a news squib about a new report blaming the high cost of college on "administrative bloat." Coincidentally, the Dean Dad has a post pre-emptively responding to this in the course of arguing with a different group: In terms of administration, what would you cut? Should we stop trying to comply with the ADA? Should we stop evaluating faculty altogether, and just trust that everybody is perfect? Perhaps we should stop giving financial aid, since it requires so many staff. Who cares about accreditation? Who cares about IT? Who cares about payroll? (…
Via Inside Higher Ed this YouTube video is pretty much a distillation of faculty reaction nationwide to higher education's response to the world economic crisis: The IHE link gives a little more context to the video, and some of the reaction to it. The arguments here are not all well-founded-- science and engineering will necessarily receive more funding than the liberal arts because teaching and research in science and engineering are vastly more expensive than in the humanities, and many of those central administrative salaries are going to support multicultural and mental health programs…
Inside Higher Ed has a news squib about gender disparities in academic science, which points to a Nature story about a survey on job satisfaction (bad IHE, giving a false impression on the story!). The gender portion of the story is limited to a short section at the end of the article, and one graph: The larger story is actually pretty positive, but I fear that as IHE did, too much attention will be focused on this one graph (which, by the way, is surprisingly badly done). There's a fairly narrow point about the presentation of this that I think is worth making (even though it will likely be…
Continuing with the uncomfortable questions, H asks a good one: Union is one of the most expensive colleges in the country. What are students getting for their money? How does Union justify the increase in price over other schools with comparable academics and facilities? See, now that's an uncomfortable question, especially on an institutional level. Stripped down to the most basic level, and stated as bluntly as possible, students at an elite private liberal arts college are paying for three things: faculty/facilities, individual attention, and connections. Faculty and facilities are the…
Confessions of a Community College Dean: Thoughts on DIY U "Eleemosynary institutions have real and serious flaws, but they exist to empower the weak. They are necessary to empower the weak. If you rend them asunder, you will expose the weak to the predations of the strong. This is so fundamental that I'm surprised it even needs to be brought up. If it weren't scandalously unethical, I'd propose an experiment: take two sets of kids who barely got through a weak school district. Send one set to the local community college, and tell the other set it's free to educate itself under digital…
Back when I was in grad school, and paper copies of journals were delivered to the lab by a happy mailman riding a brontosaurus, I used to play a little game when the new copy of Physical Review Letters arrived: I would flip through the papers in the high energy and nuclear physics sections, and see if I could find one where the author list included at least one surname for every letter of the alphabet. There wasn't one every week, but it wasn't that hard (particularly with large numbers of physicists from China, where family names beginning with "X" are more common). Every so often, somebody…
I'm having a little trouble typing, because the temperature in my office at the moment is around 55 F, and my hands are getting really cold. This is because of "deferred maintenance," which means "we're saving money by not maintaining the air-handling systems in our academic buildings (among other things)." The budget has been tight every year since I got here, and this building is fairly old, so things don't work as well as they might. The background noise while I'm typing is the sound of construction on the new Wold Building (webcam link). This is a multi-million-dollar new building…
The always interesting Timothy Burke has a post on the economics of conference attendance, inspired by Brian Croxall's essay about why he didn't attend the MLA. The key problem for both of them is that the way the academic job market is structured inn the humanities forces job seekers to attend the MLA for "screening interviews," used to cut a long list of applicants down to the three or so who will be invited to campus. This is almost a two cultures moment, because this isn't the situation in my part of academia. It's not that the job market is any better, but there isn't the same automatic…
Janet has a typically thoughtful post about tuition benefits, following on a proposal to eliminate tuition benefits for employees of the University of Illinois. Janet does a great job of rounding up the various pros and cons of the benefit and its possible elimination. It takes no time at all for the "Tuition benefits are unfair to people without kids" argument to pop up in comments. This is, as always, pretty stupid, because the same logic leads to thinking that health insurance benefits are unfair to people who don't become catastrophically ill. Tuition benefits are basically kid insurance…
There's been a bit of a kerfuffle in the SF blogosphere about what writers should be paid for short fiction, which has led to a lot of people posting lists of their short fiction and what they were paid for it (Scalzi has links to most of them). This naturally leads me to wonder what the analogous situation for non-fiction is (being that I am vastly more likely to be paid money for non-fiction pieces than fiction). Of course, I can't claim a long list of sales that I can list as my contribution to the discussion. I've only had a handful of pieces printed in commercial outlets: two pieces (so…
I spent an inordinate amount of time yesterday reading an economics paper, specifically the one about academic salaries and reputations mentioned on the Freakonomics blog. There's a pdf available from that post, if you'd like to read it for yourself. The basic idea is that they looked at the publication records of several hundred full professors of economics, and publicly available salary data for many of the same faculty, and tried to correlate those with the "reputation" of the professors in question. They used a couple of indirect means to assign each faculty member a "reputation," mostly…
I've been a little too busy to participate, but His Holiness and Eric Weinstein on Twitter have gotten into an interesting exchange about the structure of academia, and the appropriate number of Ph.D.'s in science. As usual, I suspect I'm not fully understanding the majesty of whatever Eric is arguing in favor of, but it's provocative. At about the same time, the Dean Dad has been on something of an anti-tenure bender, starting here, continuing here, and culminating in a blistering rant about Michael Berube. Dean Dad is in favor of replacing tenure with infinitely renewable five-year…
Like every other blogger with a political opinion, I read Paul Krugman's essay on economics last week, and tagged it for Saturday's Links Dump. And while I appreciate Eric Weinstein calling me out as part of the "high end blogosphere," I'm not sure I have much to say about it that is useful. But, since he asked... Twitter's interface makes it almost impossible to go back and figure out what the hell was going on even a few days ago, but going through Eric's feed, the crux of the matter seems to be that he takes issue with Krugman's claim that "the economics profession went astray because…
Dave Munger on Twitter drew my attention to this blog post on college costs, and I really wish he hadn't. The post in question is really just a recap-with-links of an editorial by John Zmirak, blaming the high cost of college on an unlikely source: [W]hat if universities began to neglect this basic charge, and instead turned into featherbedding, unionized factories that existed to protect their overpaid workers -- who were impossible to fire? What if these factories botched the items customers paid for, and spent their energy generating oddball inventions no one wanted? That is exactly what…
Janet is currently exploring the implications of the California university furloughs. If you haven't been paying attention, California is so grossly dysfunctional that the state government has had to order all employees-- including university faculty-- to take 9% of their work time off as unpaid "furlough" days, in order to cut costs enough to have an approximately balanced budget. Janet's comments, and the stories about the impact on scientists reminded me of the Great Government Shutdown of 1995, when I was a grad student working at NIST. That shutdown was the result of a game of "chicken"…
The Dean Dad had a great post about staff yesterday: Politically, hiring office staff is a harder sell than hiring faculty. Faculty are conspicuous, and the tie to the classroom is obvious. Back-office support staff are inconspicuous, and show up in public discussion as 'overhead' or 'administrative bloat.' But their work is necessary, as anyone whose financial aid package got lost in the shuffle can attest. And the relative lack of romance in back-office work means that good people aren't willing to accept adjunct-level wages to do it; adding staff means full-time salaries with benefits. (…