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Between the Penthouse and the Outhouse: The Sorting of Economics Professors

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  • Timothy Perri

Abstract

Oyer (2007, 2008) considered the turnover of economics professors early in their careers. He found professors are more likely to move down from higher ranked schools than up from lower ranked schools. An asymmetric information model suggests this phenomenon is explained by imperfect screening at one’s initial hiring. A smaller fraction of more able individuals and more accurate screening imply a greater chance downward movement exceeds movement up. Key Words:

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File URL: http://econ.appstate.edu/RePEc/pdf/wp1113.pdf
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Bibliographic Info

Paper provided by Department of Economics, Appalachian State University in its series Working Papers with number 11-13.

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Date of creation: 2011
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Handle: RePEc:apl:wpaper:11-13

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Web page: http://www.business.appstate.edu/departments/economics/
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  1. Peter Groothuis & James Richard Hill & Timothy Perri, 2009. "The dilemma of choosing talent: Michael Jordans are hard to find," Applied Economics, Taylor & Francis Journals, vol. 41(25), pages 3193-3198.
  2. Oyer, Paul, 2007. "Ability and Employer Learning: Evidence from the Economist Labor Market," Research Papers 1961, Stanford University, Graduate School of Business.
  3. Paul Oyer, 2006. "Initial Labor Market Conditions and Long-Term Outcomes for Economists," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 143-160, Summer.
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