Some Factors Affecting Mobility in the Labor Market for Academic Economists

Ault, David E.; Rutman, Gilbert L.; Stevenson, Thomas

doi:10.1111/j.1465-7295.1982.tb01145.x

Cited by 19 publications

(13 citation statements)

References 12 publications

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“…Our first observation is that there is a general downward trend: on average, individuals hold a lower-quality job 12 years after graduating compared to their initial placement. This finding had been noted in most previous studies on mobility in the academic labor market (Ault, Rutman and Stevenson, 1982;Coupé, Smeets and Warzynski, 2006). Again, the expected patterns generally appear when moving left to right and top to bottom-that is, those from higher-ranked Ph.D. programs or those who start with better jobs end up with better jobs, too.…”

Section: Re-allocation Over Time?supporting

confidence: 60%

Does the Academic Labor Market Initially Allocate New Graduates Efficiently?

Smeets

Warzynski

Coupé

2006

Journal of Economic Perspectives

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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?

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Section: Re-allocation Over Time?supporting

confidence: 60%

Does the Academic Labor Market Initially Allocate New Graduates Efficiently?

Smeets

Warzynski

Coupé

2006

Journal of Economic Perspectives

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“…"The highest rated institution at which an academic economist will be employed is the institution of first employment" (Ault, Rutman, & Stevenson, 1979). With the assumption that the same holds true for accounting academics, the school of first employment is seen as an important contributor to a faculty member's research productivity.…”

Section: Preferences and Institutional Orientationmentioning

confidence: 99%

A further inquiry into the scholarly productivity of academic accountants: Twenty years of evidence from classes of 1980–82

Englebrecht

Bisping

Anderson

et al. 2008

Advances in Accounting

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“…Beyond the potential for overproduction, the current "downstream placement" of Ph.D.'s may require further accommodation because a large portion of the openings will be at schools (state-supported; two-year programs, etc.) with orientations toward teaching and public service (refer to Ault et al 1979, andTuckman et al 1977).…”

Section: Some Elements In the Outlookmentioning

confidence: 98%

Assessing the Role of Business Schools in the Market for New Economics Ph.D.'s

White¹,

Billings²,

Brown³

1981

The Journal of Economic Education

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The projection of an oversupply of new Ph.D.'s in economics has remained largely unquestioned by the profession during the past decade. However, the crunch has not appeared in the magnitude or form originally suggested. Why has the crunch not materialized? If only deferred, when is it likely to happen? What role, if any, have business schools played?In this paper we discuss six aspects of the projected oversupply. First, we review the basis for the projections of an oversupply and then examine official data to see if the projected oversupply materialized. Next, we discuss the emergence of business schools as the principal growth submarket for economists, and note the effect of the switch to other business disciplines on the market for economists. In addition, we review relative salary movements for evidence of developing market disequilibrium. Finally, we present some elements of the market outlook for economists.The Case for an 0l'ersupply of New Ph.D.'sIn the mid-1960s, Cartter ( 1965) shocked higher education circles with a finding that faculty quality-the doctoral ratio--was not in fact declining as official groups had widely reported. Hence, the quality-related need for increasing the output of Ph .D.'s disappeared. Though the trend was then hidden by truncated official projections, Cartter further stressed that a period of stable, or more likely falling, college enrollments was in the offing. If enrollment leveled off, then demand from market growth would disappear and leave only replacement demand. A sort of accelerator-effect decline would occur in the need for faculty and Ph.D.'s and would probably not be offset by a rising doctoral ratio. By 1971 Cartter, in an express examination of economics, pronounced the death knell for the seller's market. Cartter's ( 1971) oversupply position includes the following main points:-College enrollments at best will level off, but more likely will decline in the 1970s both because of a forthcoming decline in the age-eligible group (18-21) and a plateau in the participation rate.

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Some Factors Affecting Mobility in the Labor Market for Academic Economists

Cited by 19 publications

References 12 publications

Does the Academic Labor Market Initially Allocate New Graduates Efficiently?

Does the Academic Labor Market Initially Allocate New Graduates Efficiently?

A further inquiry into the scholarly productivity of academic accountants: Twenty years of evidence from classes of 1980–82

Assessing the Role of Business Schools in the Market for New Economics Ph.D.'s

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