The compensation received by UK Vice Chancellors (VCs) has been on an upward trend in recent years and attracted a lot of negative media attention. In this paper, we examine whether VCs receive the compensation they deserve. Using a panel dataset covering the academic years 2007/2008 to 2018/2019, we develop a model to predict expected VC compensation to determine whether VCs are over- or undercompensated. Our model finds that VCs are not overcompensated regarding their base salary, but some are overcompensated in terms of their benefits and pension contributions. However, there is very little difference in terms of characteristics of over- and undercompensated VCs, indicating that on average, UK VCs receive the compensation they deserve. For robustness purposes, we employ a variety of alternative model specifications and subsamples which all support our previous findings.

近年来，英国副总理（VC）获得的薪酬呈上升趋势，并引起了很多媒体的负面关注。在本文中，我们检验了 VC 是否获得了他们应得的补偿。使用涵盖 2007/2008 至 2018/2019 学年的面板数据集，我们开发了一个模型来预测预期的 VC 薪酬，以确定 VC 是过度补偿还是补偿不足。我们的模型发现，VC 的基本工资并没有被过度补偿，但有些人在福利和养老金缴款方面被过度补偿。然而，高薪和低薪 VC 的特征差异很小，这表明平均而言，英国 VC 获得了他们应得的报酬。出于稳健性目的，