"Universities that pay professors based on merit, rather than seniority, outperform other universities, says a C.D. Howe Institute study released today. The study...was written by John Chant, Emeritus Professor of Economics at Simon Fraser University. Chant demonstrates that universities using a merit-based salary structure attract better students, obtain more research funding and generate more widely cited research than their counterparts that use a seniority-based approach. 'A university’s failure to put in place salary structures that provide incentives for productivity represents a breakdown of governance,' says Chant." Source: C.D. Howe Institute
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