How Much is Tenure Worth?
How much would YOU accept to give up tenure?
An interesting debate.
Has there been any research on this? What is the value of the contract provision "tenure" for a professor? What lump-sum cash payment would they accept to give it up?
For me, I think I would give it up for $10,000. It is worth SOMETHING, but I am protected by market forces.
Tenure protects those who are (1) lazy, (2) controversial, or (3) faced with cutbacks. I am clearly (2), and some days feel like (1) might be pretty fun.
(Nod to El Zorno)