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The economic contribution of PhDs

Bibliographic Data

ID4737554
AuthorsBernard H Casey, Bernard Casey (0000-0001-5349-3257, Institute for Employment Studies, corresponding author)
Year2009
Volume31
Issue3
Pages219-227
Publication date2009-07-13
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueJournal of Higher Education Policy and Management (JOURNAL)
Journal identifiersISSN: 1360-080X • E-ISSN: 1469-9508
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/13600800902974294
OpenAlexW1989762099
LanguageEN
Citations received14
References cited9

This paper looks at what the value of a doctorate is, both to employers in particular and to society and the economy at large. Given the emphasis many universities and funding agencies/governments are putting upon the development of PhD programmes, this is an issue deserving attention. The paper tries to show how two separate but interrelated questions 'What is a doctorate worth?' and 'Is there a justification for society to subsidise the production of doctorates?' might be answered. It considers the argument that the production of PhDs can generate benefits for wider society – both because the production process itself generates basic knowledge from which all can take advantage and because the outputs of that process help boost the productivity of those with whom they work. In other words, the gains to society as a whole might be greater than the sum of gains to PhD holders and their immediate employers. Evidence is reviewed

Argument (complex analysis · Economic growth · Economics · Knowledge management · Knowledge production · Microeconomics · Political science · Process (computing · Production (economics · Productivity · Public relations · Sociology · Value (mathematics · Work (physics · Computer Science · Engineering · Firm Innovation and Growth · Innovation Policy and RD · Labor market dynamics and wage inequality

  • Doctoral student attrition among all-but-dissertation students

    Manuel B Garcia•Journal of Further and Higher…•2026

  • Nationwide assessment of the mental health of UK Doctoral Researchers

    Open Access•Cassie M Hazell, Jeremy E Niven et al.•Humanities and Social Sciences…•2021

  • The PhD Premium

    Open Access•Gabriele Ballarino, Stefano Cantalini•Research in Higher Education•2026

  • “This Would Never be Possible if Not for Our Team Play”

    Open Access•Marianne Staub, Thamar Melanie Heijstra•Journal of Family and Economic…•2022

  • Student evaluation of teaching

    Margrét Sigurðardóttir, Guðbjörg Linda Rafnsdóttir et al.•Higher Education Research &…•2023

  • The employment destination of PhD‐holders in Italy

    Open Access•Giulio Marini•European Journal of Education•2022

  • Labour market perspectives for PhD graduates in Europe

    Open Access•Eva Hnatkova, Iryna Degtyarova et al.•European Journal of Education•2022

  • Equidad y capital humano avanzado

    Open Access•Roxana Chiappa, Ana Luisa Muñoz García et al.•Psicoperspectivas Individuo y…•2015

  • Where You Earn Your PhD Matters

    Open Access•Benjamin Jepson, Peter K Hatemi•PS Political Science & Politics•2025

  • Not all care is love”

    Open Access•Andrea Hjálmsdóttir, Guðbjörg Linda Rafnsdóttir•Feminism & Psychology•2025

  • Industrial Ph.D. Programs for the Strengthening of the Industry's Production of Innovation in Colombia

    Open Access•Jorge Celis, Orlando Acosta•Innovar•2016

  • What is known about doctoral employment? Reflections from a UK study and directions for future research

    Scott Hancock•Journal of Higher Education…•2021

  • The impact of the doctorate

    C Halse, Susan Mowbray•Studies in Higher Education•2011

  • The labour market relevance of PhDs

    Aurélie Boulos•Studies in Higher Education•2016

  • Universities, Innovation, and Territorial Development

    Open Access•Helen Lawton Smith•Environment and Planning C…•2007

  • Estimating the social return to higher education

    Open Access•Enrico Moretti•Journal of Econometrics•2004

  • Funding Higher Education in the UK

    Open Access•David Greenaway, Michele Haynes et al.•The Economic Journal•2003

  • Endogenous Growth Theory

    Open Access•Howard Pack•The Journal of Economic…•1994

Unique citing works14
Citations per year0,93
Citation span2011 - 2026 (16)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 14

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