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The Labor Market for New Ph.D. Economists

  • John J. Siegfried
  • Wendy A. Stock

Presents results from a survey of 450 new (1996-97) Ph.D. economists, providing information about employment, underemployment, employers, work activities, salaries, and job satisfaction. Comparisons are made across ranks of the graduates' Ph.D. programs, sectors of employment and subfields of economics, as well as over time. Labor market outcomes for economists also are compared with those of seven other disciplines. Results indicate that a growing proportion of new economics Ph.D.s start their careers in business or industry, that an international market for new economics Ph.D.s is evolving, and that job outcomes for economists compare favorably with new Ph.D.s in many other disciplines.

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Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 13 (1999)
Issue (Month): 3 (Summer)
Pages: 115-134

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Handle: RePEc:aea:jecper:v:13:y:1999:i:3:p:115-134
Note: DOI: 10.1257/jep.13.3.115
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  1. David Colander, 2003. "The Aging of an Economist," Middlebury College Working Paper Series 0304, Middlebury College, Department of Economics.
  2. Carson, Richard & Navarro, Peter, 1988. "A Seller's (and Buyer's) Guide to the Job Market for Beginning Academic Economists," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 137-48, Spring.
  3. Formby, John P & Gunther, William D & Sakano, Ryoichi, 1993. "Entry Level Salaries of Academic Economists: Does Gender or Age Matter?," Economic Inquiry, Western Economic Association International, vol. 31(1), pages 128-38, January.
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