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PhD Graduates with Post-doctoral Qualification in the Private Sector: Does It Pay Off?

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  • Isabelle Recotillet

Abstract

In this paper, we address the question of the early careers of French PhD graduates in science and engineering sciences in 1996. Post-doctoral training was initially developed for PhD graduates wishing to embark on a career in the public sector. However, a large proportion of post-doctorate graduates turn to the private sector, and in particular to occupations that do not involve research. The question we raise is that of the wage premium on post-doctoral training. To control for selection bias arising in the case where unobservable elements are correlated between participation and wages, we first estimate a treatment effect model. The main finding is that when selection bias is not controlled for, post-doctoral participation increases earnings; however, when selection bias is controlled for, the participation in a post-doctoral programme has no positive effect. With regards to this finding we show that post-doctoral programmes play much more the role of a signal in the first stage of a career. This finding is also reinforced when we use a bivariate selection rule to control for the endogenous nature of having been recruited in the private sector. Copyright 2007 The Author; Journal compilation 2007 CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd..

Suggested Citation

  • Isabelle Recotillet, 2007. "PhD Graduates with Post-doctoral Qualification in the Private Sector: Does It Pay Off?," LABOUR, CEIS, vol. 21(3), pages 473-502, September.
  • Handle: RePEc:bla:labour:v:21:y:2007:i:3:p:473-502
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    References listed on IDEAS

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    1. Lynne G. Zucker & Michael R. Darby & Maximo Torero, 2002. "Labor Mobility from Academe to Commerce," Journal of Labor Economics, University of Chicago Press, vol. 20(3), pages 629-660, July.
    2. Paul M. Romer, 2001. "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?," NBER Chapters,in: Innovation Policy and the Economy, Volume 1, pages 221-252 National Bureau of Economic Research, Inc.
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    Cited by:

    1. Marc van der Steeg & Karen van der Wiel & Bram Wouterse, 2014. "Individual Returns to a PhD Education in the Netherlands: Income Differences between Masters and PhDs," CPB Discussion Paper 276, CPB Netherlands Bureau for Economic Policy Analysis.
    2. Bastien Bernela, 2015. "Professional and geographical paths: the study of three generations of PhDs
      [Trajectoires professionnelles et géographiques : l'étude de trois générations de docteurs]
      ," Working Papers halshs-01085008, HAL.
    3. Lu, Xiao & McInerney, Paul-Brian, 2016. "Is it better to “Stand on Two Boats” or “Sit on the Chinese Lap”?: Examining the cultural contingency of network structures in the contemporary Chinese academic labor market," Research Policy, Elsevier, vol. 45(10), pages 2125-2137.
    4. Cathy Perret, 2008. "Mobilités internationales des diplômés de l'enseignement supérieur français en phase d'insertion professionnelle : effets sur leurs débuts de carrière lors de leur retour en France," Post-Print halshs-00294949, HAL.
    5. Claire Bonnard, 2012. "The Access of the Young Graduates in Sciences into R&D Profession: A Switching Model Treatment for the French Case," LABOUR, CEIS, vol. 26(1), pages 46-65, March.
    6. Eric S. Lin & Shih-Yung Chiu, 2016. "Does Holding a Postdoctoral Position Bring Benefits for Advancing to Academia?," Research in Higher Education, Springer;Association for Institutional Research, vol. 57(3), pages 335-362, May.
    7. Agustí Segarra & Mercedes Teruel & Miquel Angel Bove, 2014. "A territorial approach to R&D subsidies: Empirical evidence for Catalonian firms," Working Papers XREAP2014-07, Xarxa de Referència en Economia Aplicada (XREAP), revised Sep 2014.
    8. Antonio Di Paolo & Ferran Mañé, 2014. "Are we wasting our talent? Overqualification and overskilling among PhD graduates," Working Papers XREAP2014-06, Xarxa de Referència en Economia Aplicada (XREAP), revised Jun 2014.
    9. Herrera, Liliana & Nieto, Mariano, 2016. "PhD careers in Spanish industry: Job determinants in manufacturing versus non-manufacturing firms," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 341-351.

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