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The Labor Market for New Ph.D. Economists

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Author Info
John J. Siegfried
Wendy A. Stock

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Abstract

Presents results from a survey of 450 new (1996-97) Ph.D. economists, providing information about employment, underemployment, employers, work activities, salaries, and job satisfaction. Comparisons are made across ranks of the graduates' Ph.D. programs, sectors of employment and subfields of economics, as well as over time. Labor market outcomes for economists also are compared with those of seven other disciplines. Results indicate that a growing proportion of new economics Ph.D.s start their careers in business or industry, that an international market for new economics Ph.D.s is evolving, and that job outcomes for economists compare favorably with new Ph.D.s in many other disciplines.

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Publisher Info
Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 13 (1999)
Issue (Month): 3 (Summer)
Pages: 115-134
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Handle: RePEc:aea:jecper:v:13:y:1999:i:3:p:115-134

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Formby, John P & Gunther, William D & Sakano, Ryoichi, 1993. "Entry Level Salaries of Academic Economists: Does Gender or Age Matter?," Economic Inquiry, Oxford University Press, vol. 31(1), pages 128-38, January.
  2. Colander, David & Klamer, Arjo, 1987. "The Making of an Economist," Journal of Economic Perspectives, American Economic Association, vol. 1(2), pages 95-111, Fall. [Downloadable!] (restricted)
    Other versions:
  3. Carson, Richard & Navarro, Peter, 1988. "A Seller's (and Buyer's) Guide to the Job Market for Beginning Academic Economists," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 137-48, Spring. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. John J. Siegfried & Wendy A. Stock, 2006. "The Undergraduate Origins of Ph.D. Economists," Working Papers 0611, Department of Economics, Vanderbilt University. [Downloadable!]
    Other versions:
  2. John J. Siegfried & Wendy A. Stock, 2004. "The Labor Market for New Ph.D.s in 2002," Working Papers 0401, Department of Economics, Vanderbilt University. [Downloadable!]
  3. Chan-Kang, Connie & Pardey, Philip G. & Smith, Vincent H., 2006. "The Evolution of Economics Clubs: 1777-2000," Staff Papers 14135, University of Minnesota, Department of Applied Economics. [Downloadable!]
  4. Paul Gopuran Devassy Bino & Sasidharan Subash & Ananthakrishnan Ramanathan, 2005. "Concentration in Knowledge Output: A case of Economics Journals," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 2(2), pages 261-279, December. [Downloadable!]
  5. Bruno Frey, 2006. "How Influential is Economics?," De Economist, Springer, vol. 154(2), pages 295-311, June. [Downloadable!] (restricted)
  6. John J. Siegfried, 2001. "The Economics of Regional Association," Working Papers 0115, Department of Economics, Vanderbilt University. [Downloadable!]
  7. Smith, Vincent H. & Pardey, Philip G. & Chan-Kang, Connie, 2003. "Organizing The Economics Academy: The Evolution Of Professional Economics Associations, 1777-2000," Staff Papers 13899, University of Minnesota, Department of Applied Economics. [Downloadable!]
  8. John J. Siegfried & Wendy A. Stock, 2004. "The Market for New Ph. D. Economists in 2002," American Economic Review, American Economic Association, vol. 94(2), pages 272-285, May. [Downloadable!]
  9. Wendy A. Stock & John J. Siegfried, 2006. "Where are they Now? Tracking the Ph.D. Class of 1997," Working Papers 0605, Department of Economics, Vanderbilt University. [Downloadable!]
    Other versions:
  10. Popp, Jennie & Abdula, Arby & Newton, Doris & Pittman, Dianne & Danforth, Diana, 2009. "Factors Influencing Salaries of Agricultural Economics Professionals at Land Grant Institutions," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46722, Southern Agricultural Economics Association. [Downloadable!]
  11. Wendy A. Stock & John J. Siegfried, 2005. "The Labor Market for New Agricultural and Natural Resource Economics Ph.D.s," Working Papers 0504, Department of Economics, Vanderbilt University. [Downloadable!]
    Other versions:
  12. Paul Oyer, 2006. "The Macro-Foundations of Microeconomics: Initial Labor Market Conditions and Long-Term Outcomes for Economists," NBER Working Papers 12157, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  13. Matthias Sutter & Martin Kocher & Robert Mrsic, 2002. "Representation and Educational Background of European Economists in Top Journals of Economics," Empirica, Springer, vol. 29(4), pages 275-288, December. [Downloadable!] (restricted)
  14. William J. Moore & Robert J. Newman & M. Dek Terrell, . "Academic Economists' Pay and Productivity: A Tale of Two Countries," Departmental Working Papers 2002-16, Department of Economics, Louisiana State University. [Downloadable!]
  15. Gallet, Craig A. & List, John A. & Orazem, Peter F., 2004. "Cyclicality and the Labor Market for Economists," IZA Discussion Papers 1302, Institute for the Study of Labor (IZA). [Downloadable!]
    Other versions:
  16. Bruno S. Frey, . "Was bewirkt die Volkswirtschaftslehre?," IEW - Working Papers iewwp024, Institute for Empirical Research in Economics - IEW. [Downloadable!]
    Other versions:
  17. John P. Formby & Gary Hoover, 2002. "Salary Determinants of Entry-Level Academic Economists and the Characteristics of Those Hired on the Tenure Track," Eastern Economic Journal, Eastern Economic Association, vol. 28(4), pages 509-522, Fall. [Downloadable!]
  18. Wendy A. Stock & Lee W. Hansen, 2004. "Ph. D. Program Learning and Job Demands: How Close Is the Match?," American Economic Review, American Economic Association, vol. 94(2), pages 266-271, May. [Downloadable!]
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