Do Economics Departments Search Optimally in Faculty Recruiting?
AbstractWe find that it is optimal for higher-quality departments to search broadly across many or even all fields in faculty recruiting, whereas it is optimal for lower-quality departments to conduct narrower searches. We develop a simple search model in which optimal search scope is shown to increase in department quality. Using data from Job Openings for Economists, we find that higher-ranked departments do conduct broader searches. We find that a 10-place increase in department ranking is associated with 3.5--4.8 more Journal of Economic Literature subfields listed in a position announcement. (JEL J44, J64, D83, L8) Copyright 2005, Oxford University Press.
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Bibliographic InfoArticle provided by Western Economic Association International in its journal Economic Inquiry.
Volume (Year): 43 (2005)
Issue (Month): 3 (July)
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Find related papers by JEL classification:
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- L8 - Industrial Organization - - Industry Studies: Services
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- Paul Oyer, 2007.
"Ability and Employer Learning: Evidence from the Economist Labor Market,"
NBER Working Papers
12989, National Bureau of Economic Research, Inc.
- Paul Oyer, 2008. "Ability and employer learning: Evidence from the economist labor market," NBER Chapters, in: Organizational Innovation and Firm Performance, pages 268-289 National Bureau of Economic Research, Inc.
- Oyer, Paul, 2008. "Ability and employer learning: Evidence from the economist labor market," Journal of the Japanese and International Economies, Elsevier, vol. 22(2), pages 268-289, June.
- Oyer, Paul, 2007. "Ability and Employer Learning: Evidence from the Economist Labor Market," Research Papers 1961, Stanford University, Graduate School of Business.
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