Why Do French Engineers Find Stable Jobs Faster than PhDs?

David Margolis and Egidio Luis Miotti
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Egidio Luis Miotti: CEPN - Centre d'Economie de l'Université Paris Nord - CNRS - Centre National de la Recherche Scientifique - Université Sorbonne Paris Nord, HCERES - Haut Conseil de l'Évaluation de la Recherche et de l'Enseignement Supérieur

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Abstract: This paper studies why PhDs in France take longer to find stable jobs than engineers. Using data from CEREQ's "Génération 2004" survey, we show that job finding rates of PhDs are lower than those of engineers and document the differences in their observable characteristics and fields of study. We show that this phenomenon is due to multiple factors: heterogeneity in student characteristics along observable and unobservable dimensions and fields of study, directed search toward public sector positions (especially professors) among PhDs and, in all likelihood, reservation wages of PhDs for private sector jobs that are "too high" relative to their value of marginal product.

Keywords: Directed search; STEM; School-to-work transition; Wage subsidies (search for similar items in EconPapers)
Date: 2021-04
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03206891v1
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Related works:
Journal Article: Why Do French Engineers Find Stable Jobs Faster than PhDs? (2021)
Working Paper: Why Do French Engineers Find Stable Jobs Faster than PhDs? (2021)
Working Paper: Why Do French Engineers Find Stable Jobs Faster than PhDs? (2021)
Working Paper: Why Do French Engineers Find Stable Jobs Faster than PhDs? (2021)
Working Paper: Why Do French Engineers Find Stable Jobs Faster than PhDs? (2021)
Working Paper: Why Do French Engineers Find Stable Jobs Faster than PhDs? (2017)
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