EconomicsofEducationResearch(Beida)InstituteofEconomicsofEducation,PekingUniversity23420049Emailfqyan@gse.pku.edu.cn,st123@gse.pku.edu.cn,st121@gse.pku.edu.cn.62763443234EconomicsofEducationResearch(Beida)200492TheEmpiricalAnalysisofPersonnelContractandItsIncentiveinPrivateHigherEducationInstitutionsFengqiaoYan,LeiSunandLiHuangGraduateSchoolofEducationPekingUniversity,P.R.China100871AbstractThepaperisbasedonasurveyof502questionnairesfrom14privatecollegesinShanxiProvince,China.Itisfoundthatpart-timefacultymembersaremoresatisfiedwiththeirpersonnelcontractthanfull-timecounterparts.Theauthorsinterpretthefindingsfromeconomicsoforganizationandhumanrelationshipstudies.Itimpliesthatmarketcontractprovidesmoreincentivethanorganizationcontractwhenfull-timefacultymembershavehighexpectationsandarelessinvolvedincontractnegotiation.Keywordsprivatecollege,organizationcontract,marketcontract,incentive234EconomicsofEducationResearch(Beida)20049320032202003173811104100.420042003145-188234EconomicsofEducationResearch(Beida)200494Coase1937386-405Williamson1975234EconomicsofEducationResearch(Beida)200495spotcontractscontingentclaimscontractSimon1979493-513Commons1924internalspotmarket234EconomicsofEducationResearch(Beida)200496primitiveteamobligationalmarketrelationalteamWilliamson1985200252-76instrumentaltrustnorm-basedtrustcommoncognitiontrustBoer200243-61Reed234EconomicsofEducationResearch(Beida)200497Boer200243-61234EconomicsofEducationResearch(Beida)200498---19982004135-158234EconomicsofEducationResearch(Beida)200499---92004115023811113173.20%273.86%16.67%8.82%0.65%380%464.39%34.81%5152.25%1-329.41%316%2502234EconomicsofEducationResearch(Beida)200491052.1%47.9%57.6%15.3%13.7%13.5%25.4%45.6%13.6%15.4%3222234EconomicsofEducationResearch(Beida)20049111%/61466031453153513144.7755.236.865.5614.3873.200.658.8273.8616.673.608.826.2140.5240.857.528.8229.4152.2534.8164.390.8020042#Gamma0.1080.1730.0030.972-0.0560.4230.3270.002**0.4700.000**-0.3930.000**#**0.01234EconomicsofEducationResearch(Beida)20049133@#PearsonChi-square8.8400.1167.0350.21846.7680.000**31.2720.000**39.2620.000**25.0690.000**27.4990.000**91.1940.000**@#**0.01386.9%36.9%2.9102.617T234EconomicsofEducationResearch(Beida)20049144%0.518.444.229.67.352.9101.6722.6171.785T=3.533Sig.=0.00041234EconomicsofEducationResearch(Beida)200491516-9630%742%6%5.127.837.024.55.67%4.715.038.329.412.6234EconomicsofEducationResearch(Beida)200491688%91.01.90.53.37.194.31.40.59109%7.792.310%9.253.432.03.41.9234EconomicsofEducationResearch(Beida)200491711502234EconomicsofEducationResearch(Beida)20049181Boer,HarryDe(2002)“Trust,TheEssenceofGovernance”inAlbertoAmaral,GlenA.JonesandBeritKarseth(eds.)GoverningHigherEducation:NationalPerspectivesonInstitutionalGovernance,Dordrecht:KlewerAcademicPublishers,pp43-61.2Coase(1937)“TheNatureofFirm”,Economica4:386-405.3JohnCommons(1924)LegalFoundationsofCapitalism,NY:Macmillian.4Simon(1979)“RationalDecisionMakinginBusinessOrganizations”,AmericanEconomicsReview,69:493-513.5Williamson(1975)MarketandHierarchies:AnalysisandAntitrustImplications,NY:FreePress.6Williamson(1985)TheEconomicInstitutionsofCapitalism,NY:FreePress.720042003“”,471135-158122003220