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Why Do French Engineers Find Stable Jobs Faster than PhDs?

Author

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  • David N. Margolis
  • Egidio Luis Miotti

Abstract

This paper studies why PhDs in France take longer to find stable jobs than engineers. Using data from CEREQ’s “Génération 2004” survey, we show that job finding rates of PhDs are lower than those of engineers and document the differences in their observable characteristics and fields of study. We show that this phenomenon is due to multiple factors: heterogeneity in student characteristics along observable and unobservable dimensions and fields of study, directed search toward public sector positions (especially professors) among PhDs and, in all likelihood, reservation wages of PhDs for private sector jobs that are “too high” relative to their value of marginal product. JEL Codes: J24, I23, J64.

Suggested Citation

  • David N. Margolis & Egidio Luis Miotti, 2021. "Why Do French Engineers Find Stable Jobs Faster than PhDs?," Revue économique, Presses de Sciences-Po, vol. 72(4), pages 555-589.
    • Handle: RePEc:cai:recosp:reco_724_0555
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    Cited by:

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    2. Baruffaldi, Stefano H. & Simeth, Markus, 2020. "Patents and knowledge diffusion: The effect of early disclosure," Research Policy, Elsevier, vol. 49(4).

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    Keywords

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    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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