Arbeitspapier

What is the cost of retaining and attracting exceptional talents? Evidence from the Canada Research Chair program

The compensation of a professor who is awarded an internal Canada Research Chair (CRC) increases by 6.3 percent on average in our sample. This gain is large initially but quickly erodes over CRC tenure. The gain is slightly larger for professors who change university to obtain a CRC Chair. Assuming that the CRC program has achieved its goal of attracting and retaining top talents, we infer that the compensation cost of doing so is modest. In addition, only a small fraction of the CRC grants have been passed through to professors as compensation increases. This is despite the fact that universities report spending more than half of the CRC grants on chairholder compensation.

Language
Englisch

Bibliographic citation
Series: Queen's Economics Department Working Paper ; No. 1294

Classification
Wirtschaft
Higher Education; Research Institutions
Subject
compensation
brain drain
crowding out
Canada Research Chair
Hochschule
Hochschullehrer
Qualifikation
Brain Drain
Besoldung
Kanada

Event
Geistige Schöpfung
(who)
Courty, Pascal
Sim, John
Event
Veröffentlichung
(who)
Queen's University, Department of Economics
(where)
Kingston (Ontario)
(when)
2012

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Courty, Pascal
  • Sim, John
  • Queen's University, Department of Economics

Time of origin

  • 2012

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