The Economics of Academic Tenure
In some countries, many universities use an employment system for teachers known as tenure. After a lengthy trial period, a faculty member whose performance meets with the approval of the senior members of the department and the administration of the institution may be awarded tenure. A tenured faculty member enjoys considerable job security for the rest of his or her working life and can only be fired for reasons of “moral turpitude” (bad or evil behavior) or “gross incompetence” or if the financial stability of the institution requires the elimination of an entire department or program.
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