An Empirical Guide to Hiring Assistant Professors in Economics
We study the research productivity of new graduates of top Ph.D. programs in economics. We find that class rank is as important as departmental rank in predicting future research productivity. For example the best graduate from UIUC or Toronto in a given year will have roughly the same number of American Economic Review (AER) equivalent publications at year six after graduation as the number three graduate from Berkeley, U. Penn or Yale. We also find that research productivity of graduates drops off very quickly with class rank at all departments. For example, even at Harvard, the median graduate has only 0.04 AER papers at year six, an untenurable record at almost any department. These results provide guidance on how much weight to give to place of graduation relative to class standing when hiring new assistant professors. They also suggest that even the top departments are not doing a very good job at training the great majority of their students to be successful research economists
|Date of creation:||08 Sep 2013|
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- John J. Siegfried & Wendy A. Stock, 1999. "The Labor Market for New Ph.D. Economists," Journal of Economic Perspectives, American Economic Association, vol. 13(3), pages 115-134, Summer.
- Tom Coupé, 2003. "Revealed Performances: Worldwide Rankings of Economists and Economics Departments, 1990-2000," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1309-1345, December.
- Paul Oyer, 2006. "Initial Labor Market Conditions and Long-Term Outcomes for Economists," Journal of Economic Perspectives, American Economic Association, vol. 20(3), pages 143-160, Summer.
- John P. Conley & Mario J. Crucini & Robert A. Driskill & Ali Sina Önder, 2013. "The Effects Of Publication Lags On Life-Cycle Research Productivity In Economics," Economic Inquiry, Western Economic Association International, vol. 51(2), pages 1251-1276, 04.
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