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Where are they Now? Tracking the Ph.D. Class of 1997

Wendy Stock () and John Siegfried
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Wendy Stock: Department of Economics and Agricultural Economics, Montana State University

No 605, Vanderbilt University Department of Economics Working Papers from Vanderbilt University Department of Economics

Abstract: We report early career outcomes of economics Ph.D.s by tracking the U.S. class of 1996-97. We examine employment outcomes, work activities, salaries, and graduates' attitudes toward their jobs. By 2003, all of the respondents were employed, although almost half changed employers during the six years. Salaries of the cohort increased at an average annual rate of 8.2 percent from 1997 through 2003. Academic-year salaries rose about 5.7 percent per year, while private sector salaries skyrocketed at 15 percent per year. Finally, the median salaries of first-year full-time permanent 9-10 month academic economists hired in 2002-03 actually exceed the 2003 salaries of their counterparts initially hired in 1997-98. Some of this apparent salary inversion reflects a different mix of employers and departments between the two cohorts, with the younger group securing relatively more jobs at higher paying institutions.

Keywords: Economists; employment; salaries (search for similar items in EconPapers)
JEL-codes: A11 J30 J40 J44 (search for similar items in EconPapers)
Date: 2006-03
New Economics Papers: this item is included in nep-edu, nep-hrm, nep-lab and nep-sog
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http://www.accessecon.com/pubs/VUECON/vu06-w05.pdf First version, 2006 (application/pdf)

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