nep-sog New Economics Papers
on Sociology of Economics
Issue of 2005‒12‒14
two papers chosen by
Jonas Holmström
Swedish School of Economics and Business Administration

  1. Ranking economics departments worldwide on the basis of PhD placement By Rabah, AMIR; Malgorzata, KNAUFF
  2. The job satisfaction of English academics and their intentions to quit academe By Philip Stevens

  1. By: Rabah, AMIR; Malgorzata, KNAUFF
    Abstract: An objective ranking of economics departments worldwide in terms of graduate education is derived. The central idea is that the value of a department is the sum of the values of its PhD graduates, as reflected in the values of their current employing departments. The scores are thus derived as solutions to a linear system of simultaneous equations in the values. The sample includes the top fifty-four departments, the composition of which is determined endogenously using a criterion requiring a minimum of four placements in the departments comprising the sample. Two other related rankings are proposed, which place more emphasis on more recent faculty recruitments. The results point to a very high concentration in the economics PhD education market worldwide, confirming the dominance of the top U.S. departments, in particular of Harvard and M.I.T. Nevertheless, a modest de-concentration trend is under way. The rankings are in close agreement with the 1994 National Research Council survey ranking based on the perceived quality of PhD programs
    Keywords: Economics PhD education; scientific evaluation methods; economic department ranking
    JEL: A14 L11 R32
    Date: 2005–07–15
  2. By: Philip Stevens (National Institute of Economic & Social Research)
    Abstract: This paper considers the job satisfaction of academics using a detailed dataset of over two thousand academics from ten English higher education institutions. The results of our analysis suggest that one would be wrong to consider one single measure of job-satisfaction. Academics appear to be considering three separate sets of elements of their jobs, namely the pecuniary factors (both the salary and the ability to earn money from additional work. We also consider the influence of these elements of job satisfaction on their intentions to leave the sector.
    Keywords: Satisfaction, academics, turnover, comparison income
    JEL: C25 J28 J63
    Date: 2005–12–06

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