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A Tale of Two Fields? STEM Career Outcomes

Author

Listed:
  • Xuan Jiang
  • Joseph Staudt
  • Bruce A. Weinberg

Abstract

Is the labor market for US researchers experiencing the best or worst of times? This paper analyzes the market for recently minted Ph.D. recipients using supply-and-demand logic and data linking graduate students to their dissertations and W2 tax records. We also construct a new dissertation-industry “relevance” measure, comparing dissertation and patent text and linking patents to assignee firms and industries. We find large disparities across research fields in placement (faculty, postdoc, and industry positions), earnings, and the use of specialized human capital. Thus, it appears to simultaneously be a good time for some fields and a bad time for others.

Suggested Citation

  • Xuan Jiang & Joseph Staudt & Bruce A. Weinberg, 2023. "A Tale of Two Fields? STEM Career Outcomes," NBER Working Papers 31835, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:31835
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    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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