Acquiring Knowledge over the Economist’s Lifetime

Hendrik P. van Dalen ()
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Hendrik P. van Dalen: Erasmus University Rotterdam and NIDI, The Hague

No 97-124/1, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: In this paper the reading behaviour of economists is examined to see whether particular typesof knowledge - basic and applied - imply different investment patterns. As it turns out, thereading intensity of advanced theoretical and empirical literature declines with three to fourpercent per year of experience, although researchers and economists with a mathematicalbackground start with a higher initial stock of knowledge of this type of literature. Businessand government economists concentrate on applied literature and news magazines; a type ofliterature which is not frequently read by mathematical economists. However, themathematical economists catch up with their non-mathematical colleagues in 12 to 15 yearstime. Furthermore, the introduction of graduate schools in Dutch academia has not broughtabout a fundamental change in reading habits. The biggest factor in explaining the divergencein reading behaviour among economists remains the mathematical, c.q. econometricsbackground in undergraduate training.

Date: 1997-12-09
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