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Diversity and Equity in Labor Market Outcomes for Economists

Author

Listed:
  • Lucia Foster

    (Census Bureau)

  • Erika McEntarfer

    (Census Bureau)

  • Danielle H. Sandler

    (Census Bureau)

Abstract

The lack of gender and racial diversity in economics academia is well-established, but less is known about the overall placement and earnings of economists. Using person-level data from the Survey of Earned Doctorates linked to Longitudinal Employer-Household Dynamics jobs data, we examine placements and earnings for new PhD economists by gender and race. Female PhD economists earn 12 percent less than their male counterparts; compared to their white counterparts on average Black PhD economists earn 15 percent less and overall underrepresented minority PhD economists earn 8 percent less. Pay disparities are attenuated in some sectors and when controlling for PhD granting institution and employer.

Suggested Citation

  • Lucia Foster & Erika McEntarfer & Danielle H. Sandler, 2023. "Diversity and Equity in Labor Market Outcomes for Economists," Journal of Economics, Race, and Policy, Springer, vol. 6(4), pages 246-257, December.
    • Handle: RePEc:spr:joerap:v:6:y:2023:i:4:d:10.1007_s41996-023-00117-z
    DOI: 10.1007/s41996-023-00117-z
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