In many universities, teaching summer classes pays professors a sum of money in addition to their annual salary. Full professors who have been at the university the longest typically get first priority for teaching summer classes, with newer assistant professors at the end of the line. Given this system, who ends up teaching the majority of summer classes at these universities? Explain why. What role do the different professors' labor supply curves play?

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The Answer of In many universities, teaching summer classes pays professors a sum of money in addition to their annual salary. Full professors who have been at the university the longest typically get first priority for teaching summer classes, with newer assistant professors at the end of the line. Given this system, who ends up teaching the majority of summer classes at these universities? Explain why. What role do the different professors' labor supply curves play?

In Many Universities, Teaching Summer Classes Pays Professors a Sum