Does the Academic Labor Market Initially Allocate New Graduates Efficiently?
It is not surprising that economics graduate students from elite and very good schools find better jobs after completion of their Ph.D. degree, on average, than do candidates from less prestigious universities. Yet the job market outcome for candidates from the same university varies quite a lot. While the top candidates from the elite schools are often able to find jobs in other elite universities, it is unclear how "average" candidates from elite schools fare compared to the top students from relatively less prestigious schools and how the relative job market outcome relates to future success as a researcher. The objective of this paper is to investigate these issues. In this paper, we compare the career trajectories of candidates coming from three different types of schools: elite universities, very good universities, and good universities. We define three types of graduates within each group: those who placed best; those who had an average placement; and those who found jobs at lower levels. Then, for each of these nine groups, we look at initial and current affiliations and we compare publication patterns of the graduates more than a decade into their academic careers. Can we say that the initial allocation was efficient, in the sense that those who placed higher were also more productive in research terms? And to what extent does the labor market for economists adapt and allow economists to move between schools as the ability of individuals to publish their work manifests itself over time?
Volume (Year): 20 (2006)
Issue (Month): 3 (Summer)
|Contact details of provider:|| Web page: https://www.aeaweb.org/jep/|
More information through EDIRC
|Order Information:||Web: https://www.aeaweb.org/subscribe.html|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John J. Siegfried & Wendy A. Stock, 1999. "The Labor Market for New Ph.D. Economists," Journal of Economic Perspectives, American Economic Association, vol. 13(3), pages 115-134, Summer.
- Ault, David E & Rutman, Gilbert L & Stevenson, Thomas, 1979. "Mobility in the Labor Market for Academic Economists," American Economic Review, American Economic Association, vol. 69(2), pages 148-53, May.
- 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.
When requesting a correction, please mention this item's handle: RePEc:aea:jecper:v:20:y:2006:i:3:p:161-172. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jane Voros)or (Michael P. Albert)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.