Using individual level data on the salary of all UK university professors, matched to results on the performance of academic departments from the 2014 Research Excellence Framework, we study the relationship between academic salaries and research performance. The UK higher education sector is particularly interesting because professorial salaries are unregulated and the outcome of the official research evaluation is a key financial concern of universities. To frame our analysis, we present a simple model of university pay determination, which shows that pay level and pay inequality in a department are positively related to performance. Our empirical results confirm these theoretical predictions; we also find that the pay-performance relationship is weaker for the more established and better paying universities. Our findings are also consistent with the idea that higher salaries have been used by departments to recruit academics more likely to improve their performance.

中文翻译：

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大学研究的学术薪酬和公共评估：来自英国卓越研究框架的证据

我们使用有关英国所有大学教授薪水的个人水平数据，并与2014年卓越研究框架中各学术部门的绩效结果相匹配，我们研究了学术薪水与研究绩效之间的关系。英国的高等教育领域特别有趣，因为教授的薪水不受监管，官方研究评估的结果是大学关注的主要财务问题。为了进行分析，我们提出了一个简单的大学薪酬确定模型，该模型表明部门的薪酬水平和薪酬不平等与绩效呈正相关。我们的经验结果证实了这些理论预测。我们还发现，对于比较老牌且薪资更高的大学而言，薪资绩效关系较弱。