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The academic labor market for economists: 1995–96

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  • Wendy Stock
  • Richard Alston
  • Martin Milkman

Abstract

This paper provides a comprehensive, up-to-date picture of the job market for economists using new survey data on job search and employment experiences for a recent cohort of market participants. Several empirical facts are established about the labor market for economists based on separate surveys of job market applicants and chairs of programs advertising job openings in economics. In addition to providing descriptive statistics, this paper examines methods to reduce the costs of job search and recruiting and describes how market outcomes differ by department rank. Such information is of interest to current and future market participants, to advisors of job candidates, and to search committees. Copyright International Atlantic Economic Society 2000

Suggested Citation

  • Wendy Stock & Richard Alston & Martin Milkman, 2000. "The academic labor market for economists: 1995–96," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 28(2), pages 164-185, June.
    • Handle: RePEc:kap:atlecj:v:28:y:2000:i:2:p:164-185
    DOI: 10.1007/BF02298359
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    References listed on IDEAS

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    1. Tano, Doki K. & Black, David C., 1995. "Employers' hiring decisions and inefficiency in the market for economists," Journal of Economics and Business, Elsevier, vol. 47(1), pages 65-77, February.
    2. Larry D. Singell & Joe A. Stone, 1993. "Gender Differences In Ph.D. Economists' Careers," Contemporary Economic Policy, Western Economic Association International, vol. 11(4), pages 95-106, October.
    3. 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 137-148, Spring.
    4. Paul R. Portney, 1994. "The Contingent Valuation Debate: Why Economists Should Care," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 3-17, Fall.
    5. 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 128-138, January.
    6. Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
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    Cited by:

    1. Brooke Helppie McFall & Marta Murray-Close & Robert J. Willis & Uniko Chen, 2014. "Is it all worth it? The experiences of new PhDs on the job market, 2007-2010," NBER Working Papers 20654, National Bureau of Economic Research, Inc.
    2. Russell Smyth & Vinod Mishra, 2014. "Academic inbreeding and research productivity and impact in Australian law schools," Scientometrics, Springer;Akadémiai Kiadó, vol. 98(1), pages 583-618, January.
    3. John J. Siegfried & Wendy A. Stock, 2007. "The Undergraduate Origins of PhD Economists," The Journal of Economic Education, Taylor & Francis Journals, vol. 38(4), pages 461-482, September.
    4. Krause, Annabelle & Rinne, Ulf & Zimmermann, Klaus F., 2012. "Anonymous job applications of fresh Ph.D. economists," Economics Letters, Elsevier, vol. 117(2), pages 441-444.

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