Human Capital, Networks and Segmentation in the Market for Academic Economists

Faria, João Ricardo and Mixon, Franklin G. and Sawyer, William C. (2023) Human Capital, Networks and Segmentation in the Market for Academic Economists. Economies, 11 (6). p. 165. ISSN 2227-7099

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Abstract

Academic labor markets often exhibit steep hierarchies, with institutions at the top attempting to attract newly minted doctorates from similarly situated institutions in an effort to maintain or improve their reputations. Yet, despite recent research on labor market segmentation in academe, the literature has heretofore been under-theorized. This paper provides a straightforward formal model that generates a three-tiered hierarchy of academic institutions, wherein academic departments affiliated with top-tier universities endeavor to hire only from within the group, while those in the bottom tier are unable to employ faculty with degrees from top departments. The results from statistical tests applied to data from economics departments in the U.S. indicate that top-tier departments employ 3.5 to 3.8 (2.5 to 2.9) more assistant professors from top-tier institutions, ceteris paribus, than bottom (middle) tier departments.

Item Type: Article
Subjects: Research Scholar Guardian > Multidisciplinary
Depositing User: Unnamed user with email support@scholarguardian.com
Date Deposited: 30 Jun 2023 04:43
Last Modified: 25 Sep 2023 04:57
URI: http://science.sdpublishers.org/id/eprint/1165

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