Does the Academic Labor Market Initially Allocate New Graduates Efficiently

Dados Bibliográficos

ID5159593
AutoresValérie Smeets (0000-0003-1908-9546, Assistant Professor of Management, Universidad Carlos III de Madrid, Madrid, Spain, and Research Fellow, Center for Corporate Performance at the Aarhus School of Business, Aarhus, Denmark.), Frédéric Warzynski (0000-0002-2410-669X, Assistant Professor of Management, Universidad Carlos III de Madrid, Madrid, Spain, and Research Fellow, Center for Corporate Performance at the Aarhus School of Business, Aarhus, Denmark.), Tom Coupé (0000-0002-9520-5556, Assistant Professor, Economics Education and Research Consortium, National University of Kyiv-Mohyla Academy, and Academic Director, Kyiv Economics Institute, Kyiv, Ukraine.)
Ano2006
Volume20
Fascículo3
Páginas161-172
Data de publicação2006-05-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Journal of Economic Perspectives (JOURNAL)
Identificadores do periódicoISSN: 0895-3309 • E-ISSN: 1944-7965
EditoraAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.20.3.161
OpenAlexW2053930397
IdiomaEN
Citações recebidas6
Referências citadas9

It is not surprising that economics graduate students from elite and very good schools find better jobs after completion of their Ph.D. degree, on average, than do candidates from less prestigious universities. Yet the job market outcome for candidates from the same university varies quite a lot. While the top candidates from the elite schools are often able to find jobs in other elite universities, it is unclear how "average" candidates from elite schools fare compared to the top students from relatively less prestigious schools and how the relative job market outcome relates to future success as a researcher. The objective of this paper is to investigate these issues. In this paper, we compare the career trajectories of candidates coming from three different types of schools: elite universities, "very good" universities, and "good" universities. We define three types of graduates within each group: those who placed best; those who had an average placement; and those who found jobs at lower levels. Then, for each of these nine groups, we look at initial and current affiliations and we compare publication patterns of the graduates more than a decade into their academic careers. Can we say that the initial allocation was efficient, in the sense that those who placed higher were also more productive in research terms? And to what extent does the labor market for economists adapt and allow economists to move between schools as the ability of individuals to publish their work manifests itself over time

Demographic economics · Economic growth · Economics · Elite · Higher education · Job market · Labour economics · Microeconomics · Political science · Publication · Economic Policies and Impacts · Engineering · Experimental Behavioral Economics Studies · Law · Monetary Policy and Economic Impact