The Labor Market for New Ph.D. Economists

Presents results from a survey of 450 new (1996-97) Ph.D. economists, providing information about employment, underemployment, employers, work activities, salaries, and job satisfaction. Comparisons are made across ranks of the graduates' Ph.D. programs, sectors of employment and subfields of economics, as well as over time. Labor market outcomes for economists also are compared with those of seven other disciplines. Results indicate that a growing proportion of new economics Ph.D.s start their careers in business or industry, that an international market for new economics Ph.D.s is evolving, and that job outcomes for economists compare favorably with new Ph.D.s in many other disciplines.

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Is more always good? Over-education, job satisfaction and wages on the Czech labor market

Society and Economy ◽

10.1556/204.2015.37.3.5 ◽

2015 ◽

Vol 37 (3) ◽

pp. 403-414

Author(s):

Raufhon Salahodjaev

Keyword(s):

Job Satisfaction ◽

Labor Market ◽

Negative Impact ◽

Labor Market Outcomes ◽

Wage Penalty ◽

Market Outcomes ◽

Research Attention ◽

Considerable Research ◽

Significant Negative Impact ◽

Using Data

The notion of over-education has drawn considerable research attention since the work of Freeman (1976). This study provides evidence that education match matters for labor market outcomes. Using data from the REFLEX survey, we find that over-education and over-skilling has a significant negative impact on wages and job satisfaction in the Czech labor market. Secondly, we find that the wage penalty is stronger for female respondents. In contrast, overskilled and overeducated men are more dissatisfied than women.

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Changes in Early Labor Market Outcomes among Young College Graduates in South Korea

The Annals of the American Academy of Political and Social Science ◽

10.1177/0002716220906779 ◽

2020 ◽

Vol 688 (1) ◽

pp. 115-136

Author(s):

Jaesung Choi ◽

Hannah Bae

Keyword(s):

Labor Market ◽

South Korea ◽

College Graduates ◽

Labor Market Outcomes ◽

Market Uncertainty ◽

College Entrance ◽

Market Outcomes ◽

Using Data ◽

Critical Policy ◽

Over Time

The unemployment rate among youths (age 20–29) in South Korea has increased sharply from 6.6 percent in 2002 to 9.8 percent in 2016. At the same time, the college entrance rate remains around 70 percent, and skill mismatch among college goers is a critical policy concern. Little attention has been paid to temporal change in labor market outcomes among college graduates or to the kinds of graduates who are particularly vulnerable to labor market uncertainty. We investigate how labor market experiences for college graduates have changed over time using data from nine different graduating cohorts of the Graduate Occupational Mobility Survey (GOMS). The results reveal that the proportion of those searching for a job has increased over time, and that even for those who were employed, job quality deteriorated. We also find a growing gap in labor market outcomes by reputation of graduating universities and college major.

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