IDEAS home Printed from https://ideas.repec.org/a/bla/ausecr/v56y2023i2p163-191.html
   My bibliography  Save this article

The Market for Economics and Finance PhDs

Author

Listed:
  • Yihui Lan
  • Ian W. Li
  • Zong Ken Chai
  • Kenneth W. Clements

Abstract

This paper presents new information about the post‐graduation activities of those with a PhD in economics and finance from an Australian university. Approximately 40 per cent have an academic job, while the other 60 per cent work elsewhere or engage in other activities. The analysis includes origin‒destination networks for both the academic and non‐academic markets, the determinants of earnings and measures of overqualification and underemployment. The findings of the paper can provide guidance for those completing or contemplating PhD studies.

Suggested Citation

  • Yihui Lan & Ian W. Li & Zong Ken Chai & Kenneth W. Clements, 2023. "The Market for Economics and Finance PhDs," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 56(2), pages 163-191, June.
    • Handle: RePEc:bla:ausecr:v:56:y:2023:i:2:p:163-191
    DOI: 10.1111/1467-8462.12509
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8462.12509
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-8462.12509?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Wendy A. Stock & John J. Siegfried, 2014. "Fifteen Years of Research on Graduate Education in Economics: What Have we Learned?," The Journal of Economic Education, Taylor & Francis Journals, vol. 45(4), pages 287-303, December.
    2. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hao Dong & Tao Li, 2023. "Climate Economics and Finance: A Literature Review," Climate Economics and Finance, Anser Press, vol. 1(1), pages 29-45, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jones, Todd R. & Sloan, Arielle A., 2021. "The Academic Origins of Economics Faculty," IZA Discussion Papers 14965, Institute of Labor Economics (IZA).
    2. Yihui Lan & Kenneth W Clements & Zong Ken Chai, 2022. "Australian PhDs in Economics and Finance: Professional Activities, Productivity and Prospects," Economics Discussion / Working Papers 22-04, The University of Western Australia, Department of Economics.
    3. Fine, Ben, 2002. "Economics Imperialism and the New Development Economics as Kuhnian Paradigm Shift?," World Development, Elsevier, vol. 30(12), pages 2057-2070, December.
    4. Chen, Jihui Susan & Liu, Qihong & Billger, Sherrilyn M., 2012. "Where Do New Ph.D. Economists Go? Evidence from Recent Initial Job Placements," IZA Discussion Papers 6990, Institute of Labor Economics (IZA).
    5. Bram Wouterse & Karen Wiel & Marc Steeg, 2017. "Income Differences Between PhDs and Masters: Evidence from The Netherlands," De Economist, Springer, vol. 165(4), pages 439-461, December.
    6. Bruno S. Frey, 2000. "Was Bewirkt die Volkswirtschaftslehre?," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 1(1), pages 5-33, February.
    7. Sheng Guo & Jungmin Lee, 2011. "Keeping Up With Fashion: Recent Trends in the Subfields of Study of Doctoral Students in Economics," Working Papers 1101, Florida International University, Department of Economics.
    8. John J. Siegfried, 2001. "The Economics of Regional Association," Vanderbilt University Department of Economics Working Papers 0115, Vanderbilt University Department of Economics.
    9. Paul Gopuran Devassy Bino & Sasidharan Subash & Ananthakrishnan Ramanathan, 2005. "Concentration in Knowledge Output: A case of Economics Journals," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 2(2), pages 261-279, December.
    10. Valerie Smeets & Frédèric warzynski & Tom Coupé, 2006. "Does the Academic Labor Market Initially Allocate New Graduates Efficiently?," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 161-172, Summer.
    11. Kenneth Clements & Jiawei Si, 2019. "What Do Australian Economics PhDs Do?," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 52(1), pages 134-144, March.
    12. Craig A. Gallet & John A. List & Peter F. Orazem, 2005. "Cyclicality and the Labor Market for Economists," Southern Economic Journal, John Wiley & Sons, vol. 72(2), pages 284-304, October.
    13. Garrison Schlauch & Richard Startz, 2018. "The path to an economics PhD," Economics Bulletin, AccessEcon, vol. 38(4), pages 1864-1876.
    14. Wendy A. Stock & John J. Siegfried, 2006. "The Labor Market for New Agricultural and Natural Resource Economics Ph.D.s," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 28(1), pages 147-163.
    15. Matthias Sutter & Martin Kocher & Robert Mrsic, 2002. "Representation and Educational Background of European Economists in Top Journals of Economics," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 29(4), pages 275-288, December.
    16. Tolga Yuret, 2018. "Tenure and turnover of academics in six undergraduate programs in the United States," Scientometrics, Springer;Akadémiai Kiadó, vol. 116(1), pages 101-124, July.
    17. Wendy A. Stock & John J. Siegfried, 2006. "Where Are They Now? Tracking the Ph.D. Class of 1997," Southern Economic Journal, John Wiley & Sons, vol. 73(2), pages 472-488, October.
    18. Volkov, Nikanor & Chira, Inga & Premti, Arjan, 2016. "Who is successful on the finance Ph.D. job market?," Journal of Corporate Finance, Elsevier, vol. 37(C), pages 109-131.
    19. Popp, Jennie S. Hughes & Abdula, Arby & Newton, Doris J. & Pittman, Dianne & Danforth, Diana M., 2009. "Factors Influencing Salaries of Agricultural Economics Professionals at Land Grant Institutions," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46722, Southern Agricultural Economics Association.
    20. William J. Moore & Robert J. Newman & M. Dek Terrell, 2002. "Academic Economists' Pay and Productivity: A Tale of Two Countries," Departmental Working Papers 2002-16, Department of Economics, Louisiana State University.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ausecr:v:56:y:2023:i:2:p:163-191. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/mimelau.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.