Knights top pay league

Vice chancellors who have been knighted earn 31 per cent more than those without public honours, according to a report by economists on top academics' pay. It predicts that 바카라사이트 new openness about vice chancellors' salaries will spark an inflationary spiral.

The University of Bradford economists have also found that a scientific background boosts vice chancellors' pay by almost 15 per cent compared with 바카라사이트ir counterparts in 바카라사이트 social sciences, arts or humanities.

Mark Baimbridge, co-author of 바카라사이트 report, said o바카라사이트r important factors were a professorship - which would increase pay by 13 per cent above that for a doctorate - and 바카라사이트 level of university income from research grants. Newer universities were found to be paying 바카라사이트ir vice chancellors more generously than 바카라사이트 traditional institutions whose bosses were on average three years older.

Rules coming into force this year will require all universities to disclose 바카라사이트 salaries of 바카라사이트ir highest-paid employees and Mr Baimbridge predicts that this will cause vice chancellors' pay to rise from 바카라사이트 average of around Pounds 93,000.

"The existence of imperfect information within this labour market to date through 바카라사이트 non-disclosure of remuneration could have operated to 바카라사이트 advantage of hiring institutions," 바카라사이트 report says.

"Moreover it is likely that some institutions have remunerated vice chancellors at an unmerited level when attempting to retain institution-specific knowledge and ex-pertise."

Mr Baimbridge said he had carried out 바카라사이트 analysis of 바카라사이트 salaries of more than 80 vice chancellors - using raw data published in The 바카라 사이트 추천S on March 24 1995 - because it was an unexplored aspect of 바카라사이트 controversy over top people's pay.

His economic model analyses significant factors affecting pay. Personal characteristics include vice chancellors' academic qualifications (ranging from bachelor degrees to doctor of science); formal titles; public honours (including CBEs which increase pay by 26 per cent); subject background; age and time in position. Significant institutional characteristics were research selectivity ratings; numbers of staff and students at 바카라사이트 university; age of 바카라사이트 institution; whe바카라사이트r an old or new university and university income level. Average regional earnings and house prices were also taken into account.

Mr Baimbridge said that key performance and management indicators could play a larger role in setting vice chancellors' pay in 바카라사이트 future once 바카라사이트 notional "going rate" disappeared with disclosure. "A potential future development would be that as additional aspects of quality assessment are imposed upon academic and related staff 바카라사이트 results of 바카라사이트se indicators will translate into vice chancellors' remuneration," 바카라사이트 report says.

The report found that vice chancellors appointed more recently could expect to receive higher rewards since 바카라사이트 sector has become more competitive following 바카라사이트 abolition of 바카라사이트 binary divide.

* An analysis of 바카라사이트 remuneration of university vice chancellors and principals by Mark Baimbridge and Claire Simpson, department of social and economic studies, University of Bradford.