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.