The Selection of Skills into Sectors: Evidence from the Market for Economists

Michael J. Boehm and Martin Watzinger

MPRA Paper from University Library of Munich, Germany

Abstract: We study the selection of skills into sectors in an environment with (1) exogenous variation in the attractiveness of sectors and (2) good measurability of skills. More concretely, we examine how the selection into leading economics PhD programs varies with the business cycle and we measure PhD’s skills by their publication success. Our results strongly support a selection story: cohorts applying fora PhD- and graduating from a PhD during recession achieve a substantially better publication record if they stay in academia after graduating.

Keywords: Sectoral Selection; Skill Composition; Business Cycle; Careers (search for similar items in EconPapers)
JEL-codes: I29 J24 J44 (search for similar items in EconPapers)
Date: 2010-06
New Economics Papers: this item is included in nep-hrm and nep-sog
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https://mpra.ub.uni-muenchen.de/23315/1/MPRA_paper_23315.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/29484/4/MPRA_paper_29484.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/29711/2/MPRA_paper_29711.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/29725/1/MPRA_paper_29725.pdf revised version (application/pdf)

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