Understanding the job market
Most graduating PhDs seeking jobs in academia, government, or industry will participate in the job market for economists and will interview for positions at the ASSA Annual Meeting in early January.
The job market process
The AEA 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
- Interviewing at the ASSA Meetings
- Campus Visits
- Job Talk
- Dinner with Faculty
- The Secondary Market “Scramble”
- Offers and Negotiating
- Special Topics
- Dual Job Searches (Spouses)
The American Economic Association provides the JOE Network for employers and job-seekers who are participating in the process each year.
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.
Current salary information
There are several sources of current salary and job market information for economists:
- The Center for Business and Economic Research at the University of Arkansas conducts an annual "Survey of the Labor Market for New Ph.D. Hires in Economics."
- The American Economic Association publishes results of its Universal Academic Questionnaire in each May issue of the American Economic Review.
- The Bureau of Labor Statistics publishes information on economists in the Occupational Outlook Handbook.