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So You Want to Earn a Ph.D. in Economics: How Much Do You Think You'll Make?

  • Stock, Wendy A
  • Siegfried, John J

Using data from individuals who earned a Ph.D. in economics in 1996-97, this study identifies factors associated with securing full-time permanent positions and determinants of starting salaries for new Ph.D. economists. Where individuals attend graduate school and factors including the field of specialization and work as a teaching/research assistant impact whether graduates obtain full-time permanent jobs. Choice of graduate program and amount of time spent in the program influence starting salary, as does obtaining a position outside academia or in a research-oriented academic institution, both of which entail higher salaries relative to employment at a B.A.-level academic institution. Copyright 2001 by Oxford University Press.

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Article provided by Western Economic Association International in its journal Economic Inquiry.

Volume (Year): 39 (2001)
Issue (Month): 2 (April)
Pages: 320-35

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Handle: RePEc:oup:ecinqu:v:39:y:2001:i:2:p:320-35
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