Diversity and Equity in Labor Market Outcomes for Economists

Lucia Foster, Erika McEntarfer and Danielle Sandler
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Erika McEntarfer: Census Bureau

Journal of Economics, Race, and Policy, 2023, vol. 6, issue 4, No 2, 246-257

Abstract: Abstract The lack of gender and racial diversity in economics academia is well-established, but less is known about the overall placement and earnings of economists. Using person-level data from the Survey of Earned Doctorates linked to Longitudinal Employer-Household Dynamics jobs data, we examine placements and earnings for new PhD economists by gender and race. Female PhD economists earn 12 percent less than their male counterparts; compared to their white counterparts on average Black PhD economists earn 15 percent less and overall underrepresented minority PhD economists earn 8 percent less. Pay disparities are attenuated in some sectors and when controlling for PhD granting institution and employer.

Keywords: Gender; Race; Market for economists; Diversity (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s41996-023-00117-z

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