Personnel policies and the age structure of an occupation: the case of the academic labor market

Population projection techniques are used to project the size and age structure of the academic labor force. Age specific coverage data from Teachers Insurance and Annuity Association are used to proxy academic employment. Hiring, quit, retirement and death rates are calculated for 1981 and 1982. Projections of the future academic labor force are made holding these rates constant. The results show the importance of these entry and exit rates and also indicate how these rates can fluctuate from year to year.Estimates of the future demand for teachers are used to determine a target rate of growth of the academic labor force. Alternative personnel policies are incorporated into the projections. This analysis indicates that the personnel policies chosen to meet the desired labor force size have substantially different effects on the age structure of the labor force.The authors wish to acknowledge the cooperation of the Teachers Insurance and Annuity Association in providing the data used in this study and specifically Francis King for his assistance and encouragement. Helpful comments on this paper were provided by John Dutton, Ronald Schrimper, Jack Wilson, and Bryan Boulier.