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Where Are They Now? Tracking the Ph.D. Class of 1997

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Author Info
Wendy A. Stock () (Department of Agricultural Economics and Economics, Montana State University)
John J. Siegfried () (Department of Economics, Vanderbilt University and Secretary-Treasurer, American Economic Association)

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Abstract

We report early career outcomes of economics Ph.D.s by tracking the U.S. class of 1996–1997. We examine employment outcomes, work activities, salaries, and graduates' attitudes toward their jobs. By 2003, all of the respondents were employed, although almost half changed employers during the six years. Salaries of the cohort increased at an average annual rate of 8.2% from 1997 through 2003. Academic-year salaries rose about 5.7% per year, whereas private sector salaries skyrocketed at 15% per year. Finally, the median salaries of first-year full-time permanent 9- to 10-month academic economists hired in 2002–2003 actually exceed the median 2003 salaries of their counterparts initially hired in 1997–1998. Some of this apparent salary inversion reflects a different mix of employers and departments between the two cohorts, with the younger group securing relatively more jobs at higher-paying institutions.

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Publisher Info
Article provided by Southern Economic Association in its journal Southern Economic Journal.

Volume (Year): 73 (2006)
Issue (Month): 2 (October)
Pages: 472–488
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Handle: RePEc:sej:ancoec:v:73:2:y:2006:p:472-488

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Find related papers by JEL classification:
A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General
J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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    Other versions:
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    Other versions:
  9. Buchmueller, Thomas C. & Dominitz, Jeff & Lee Hansen, W., 1999. "Graduate training and the early career productivity of Ph.D. economists," Economics of Education Review, Elsevier, vol. 18(1), pages 65-77, February. [Downloadable!] (restricted)
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  15. 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!]
  16. Donna K. Ginther & Shulamit Kahn, 2004. "Women in Economics: Moving Up or Falling Off the Academic Career Ladder?," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 193-214, Summer. [Downloadable!] (restricted)
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