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Is it all worth it? The experiences of new PhDs on the job market, 2007-2010

Author

Listed:
  • Brooke Helppie McFall
  • Marta Murray-Close
  • Robert J. Willis
  • Uniko Chen
Abstract
This paper describes the job market experiences of new PhD economists, 2007-10. Using information from PhD programs' job candidate websites and original surveys, the authors present information about job candidates' characteristics, preferences and expectations; how job candidates fared at each stage of the market; and predictors of outcomes at each stage. Some information presented in this paper updates findings of prior studies. However, design features of the data used in this paper may result in more generalizable findings. This paper is unique in comparing pre-market expectations and preferences with post-market outcomes on the new PhD job market. It shows that outcomes tend to align with pre-market preferences, and candidates' expectations are somewhat predictive of their outcomes. Several analyses also shed light on sub-group differences.

Suggested Citation

  • Brooke Helppie McFall & Marta Murray-Close & Robert J. Willis & Uniko Chen, 2014. "Is it all worth it? The experiences of new PhDs on the job market, 2007-2010," NBER Working Papers 20654, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:20654
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    File URL: http://www.nber.org/papers/w20654.pdf
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    References listed on IDEAS

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    3. Wendy A. Stock & Richard M. Alston, 2000. "Effect of Graduate-Program Rank on Success in the Job Market," The Journal of Economic Education, Taylor & Francis Journals, vol. 31(4), pages 389-401, December.
    4. Jessica Holmes & David Colander, 2007. "The Hiring of an Economist: A Case Study," The American Economist, Sage Publications, vol. 51(1), pages 54-62, March.
    5. John Cawley, 2001. "A Guide (and Advice) for Economists on the U. S. Junior Academic Job Market," Labor and Demography 0109001, University Library of Munich, Germany, revised 02 Sep 2002.
    6. Carson, Richard & Navarro, Peter, 1988. "A Seller's (and Buyer's) Guide to the Job Market for Beginning Academic Economists," Journal of Economic Perspectives, American Economic Association, vol. 2(2), pages 137-148, Spring.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J4 - Labor and Demographic Economics - - Particular Labor Markets

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