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on Sociology of Economics |
| By: | Beverly Hirtle; Anna Kovner |
| Abstract: | Letters of recommendation from faculty advisors play a critical role in the job market for Ph.D. economists. At their best, they can convey important qualitative information about a candidate, including the candidate’s potential to generate impactful research. But at their worst, these letters offer a subjective view of the candidate that can be susceptible to conscious or unconscious bias. There may also be similarity or affinity bias, a particularly difficult issue for the economics profession, where most faculty members are white men. In this post, we draw on our recent working paper to describe how recommendation letters differ by the gender, race, or ethnicity of the job candidate and how these differences are related to early career outcomes. |
| Keywords: | recommendation letters; gender in economics; race and ethnicity in economics; research institutions; professional labor markets |
| JEL: | A11 A23 J15 J16 |
| Date: | 2024–11–15 |
| URL: | https://d.repec.org/n?u=RePEc:fip:fednls:99099 |
| By: | Hassid, Joseph; Maniatis, George; POLEMIS, Michael |
| Abstract: | The scope of this study is to investigate how legal professionals can benefit from a comprehensive understanding of economic principles and practices, thereby enriching their analytical and decision-making capabilities. For this reason, we use data from a field survey of Greek law professionals practicing mainly in commercial and civil law to conduct rank-ordered logit regression analysis. Our econometric findings signify the LAPET survey’s results regarding the lack of economics knowledge in several fields such as economics for business, the functioning of the markets, and competition economics. Furthermore, a gap between perceived usefulness and adequacy reveals a need for enhanced expertise in economics and business methods. Graduate studies in economics and business-related experience increase perceived competence in these areas, while self-employed practice is less beneficial. Our results underline the importance of further education and the role of business professional experience in enhancing lawyers' knowledge of economics and business methods. |
| Keywords: | Law and economics; Survey; Interdisciplinarity; Economics Education; Rank-ordered logit |
| JEL: | A12 A20 A23 C40 |
| Date: | 2024–10–30 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:122550 |
| By: | Lenartowicz, Paweł |
| Abstract: | Publication bias poses a serious challenge to the integrity of scientific research and meta-analyses. There exist persistent methodological obstacles for estimating this bias, especially with heterogeneous dataset, where studies vary widely in methodologies and effect sizes. To address this gap, I propose a Likelihood Ratio Test for Publication Bias, a statistical method designed to detect and quantify publication bias in datasets of heterogeneous studies results. I also show the proof-of-concept implementation developed in Python and simulations that evaluate the performance. The results demonstrate that this new method clearly outperforms existing methods like Z-Curve 2 and the Caliper test in estimating the magnitude of publication bias, showing higher precision and reliability, with still some space for improvement due to spotted errors in the implemented algorithm. While inherent challenges in publication bias detection remain, such as the influence of different research practices and the need for large sample sizes, the Likelihood Ratio Test offers a significant advancement in addressing these issues. |
| Date: | 2024–11–12 |
| URL: | https://d.repec.org/n?u=RePEc:osf:metaar:jt5zf |