A Tale of Two Fields? STEM Career Outcomes

Xuan Jiang, Joseph Staudt and Bruce Weinberg

No 31835, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Is the labor market for US researchers experiencing the best or worst of times? This paper analyzes the market for recently minted Ph.D. recipients using supply-and-demand logic and data linking graduate students to their dissertations and W2 tax records. We also construct a new dissertation-industry “relevance” measure, comparing dissertation and patent text and linking patents to assignee firms and industries. We find large disparities across research fields in placement (faculty, postdoc, and industry positions), earnings, and the use of specialized human capital. Thus, it appears to simultaneously be a good time for some fields and a bad time for others.

JEL-codes: I23 J24 O3 (search for similar items in EconPapers)
Date: 2023-11
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Working Paper: A Tale of Two Fields? STEM Career Outcomes (2023)
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