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Understanding the Job Market

Most graduating PhDs seeking jobs in academia, government, or industry will participate in the job market for economists and may interview around the time of the ASSA Annual Meeting in early January.  

The Job Market Process

The òòò½Íø provides a guide to the job market process created by John Cawley. It details the following:

  • Preparing to go on the job market
  • Applying for academic jobs
  • Signaling
  • Interviewing 
  • Campus visits
  • The secondary market "Scramble"
  • Offers and negotiating
  • Getting a head start on succeeding as an assistant professor
  • Diversity
  • The dual job search

Job Openings for Economists

The òòò½Íø provides the JOE Network (Job Openings for Economists Network) for employers and job-seekers who are participating in the annual economics job market cycle.

òòò½Íø Committee on the Job Market

The òòò½Íø's Committee on the Job Market posts information and updates in various reports and webinars on the economics job market.

Current Salary and Job Market Information

There are several sources of current salary and job market information for economists:

  • The Fed describes for economics PhDs.
  • The Fed describes for those without PhDs in economics.
  • The Center for Business and Economic Research at the University of Arkansas conducts an annual "."
  • The òòò½Íø publishes results of its Universal Academic Questionnaire in each May issue of òòò½Íø Papers and Proceedings.
  • The Bureau of Labor Statistics publishes information on economists in the .

Further Reading

Coles, Peter, John Cawley, Phillip B. Levine, Muriel Niederle, Alvin E. Roth, and John J. Siegfried (2010) "The Job Market for New Economists: a Market Design Perspective" Journal of Economic Perspectives 24(4) (Fall): 187-206.

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