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

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  • Stock, Wendy A
  • Siegfried, John J

Abstract

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.

Suggested Citation

  • Stock, Wendy A & Siegfried, John J, 2001. "So You Want to Earn a Ph.D. in Economics: How Much Do You Think You'll Make?," Economic Inquiry, Western Economic Association International, vol. 39(2), pages 320-335, April.
    • Handle: RePEc:oup:ecinqu:v:39:y:2001:i:2:p:320-35
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    Cited by:

    1. 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.
    2. Kurlaender, Michal & Jackson, Jacob & Howell, Jessica S. & Grodsky, Eric, 2014. "College course scarcity and time to degree," Economics of Education Review, Elsevier, vol. 41(C), pages 24-39.
    3. 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 for the Study of Labor (IZA).
    4. Michael J. Hilmer & Christiana E. Hilmer, 2009. "Fishes, Ponds, And Productivity: Student-Advisor Matching And Early Career Publishing Success For Economics Phds," Economic Inquiry, Western Economic Association International, vol. 47(2), pages 290-303, April.
    5. John H. Cawley & Michael A. Morrisey & Kosali I. Simon, 2015. "The Earnings and Consulting Income of US Health Economists: Results from the 2012 Survey of the American Society of Health Economists," American Journal of Health Economics, MIT Press, vol. 1(2), pages 255-274, Spring.
    6. Christiana Hilmer & Michael Hilmer, 2010. "Do Public Ph.D.-Granting Economics Departments Invert Salaries?," Economics Bulletin, AccessEcon, vol. 30(2), pages 924-932.

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