The Selection of Skills into Sectors: Evidence from the Market for Economists
AbstractWe study the selection of skills into sectors in an environment with (1) exogenous variation in the attractiveness of sectors and (2) good measurability of skills. More concretely, we examine how the selection into leading economics PhD programs varies with the business cycle and we measure PhD’s skills by their publication success. Our results strongly support a selection story: cohorts applying fora PhD- and graduating from a PhD during recession achieve a substantially better publication record if they stay in academia after graduating.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 23315.
Date of creation: Jun 2010
Date of revision:
Sectoral Selection; Skill Composition; Business Cycle; Careers;
Find related papers by JEL classification:
- I29 - Health, Education, and Welfare - - Education - - - Other
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-26 (All new papers)
- NEP-HRM-2010-06-26 (Human Capital & Human Resource Management)
- NEP-SOG-2010-06-26 (Sociology of Economics)
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