2014/18 | LEM Working Paper Series | |
The economics of research, consulting, and teaching quality: theory and evidence from a technical university
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Stefano Bianchini, Francesco Lissoni, Michele Pezzoni, Lorenzo Zirulia |
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Keywords | ||
higher education; teaching; academic consulting; research; economics of
science
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Abstract | ||
We investigate the effect of both research and consulting on teaching
quality in higher education, at the individual level. We propose a
theoretical model in which academics allocate effort between the three
activities, over a two period time horizon, under the assumption of
positive spillovers from research to both consulting opportunities and
teaching, and of life cycle effects on incentives. Propositions from
the model are tested against data from a mid-sized Italian engineering
faculty. We find that teaching quality is negatively related to
consulting and positively related to research experience. However,
both relationships are not linear, due to the importance of several
mediating factors, such as seniority and the role of scientific
publications as a signal for attracting consulting opportunities.
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