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Do profs make additional money for refereeing journals?
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No.
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I guess I am wondering if maybe some of the websites unintentionally exaggerate the difference between professor salaries, and say economic consultant salaries. Like one website says the average econ consultant with a PhD makes about $127,000 per year, while the average associate prof makes about $77,000 per year.
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Can you give a specific source? For professors their stated salary is usually for academic year, with some limited support during the summer (like teaching, grants). I don't think there's a reason why academic economists should be earning similar to consultants... those poor guys gotta travel all the time, a lot of time-pressure to finish projects, pressure to attract projects at a more senior level... just pressure in general, too.
Academic economists can be stressed out (if they want to be), but their formal obligations are pretty limited. Imo.