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A revealed preference analysis of PhD students' choices over employment outcomes

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Abstract

We develop a revealed preference approach to elicit science and engineering PhDs' preferences over employment outcomes, exploiting cohort size variations. Depending on whether pecuniary and non-pecuniary rewards are sticky or not, increments in the PhDs' cohort size decrease either the availability of their ideal employment categories or the related compensations. In both cases, the PhDs' preferred employment categories are revealed to be the ones that are relatively less chosen when the PhDs' cohort is large and relatively more so when it is small. Examining two major European universities, we find that PhDs equally value employment in highly-ranked universities and R&D-intensive companies. Moreover, these employment categories are preferred to low-ranked universities, non-R&D-intensive firms, and public administration.

    Research areas

  • Revealed preferences, Employment choices, PhD students, Cohort size effects, SCIENTISTS, SCIENCE, INDUSTRIAL, ECONOMICS, CAREERS, PAY
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Details

Original languageEnglish
Pages (from-to)1931-1947
Number of pages17
JournalResearch Policy
Volume44
Issue number10
DOIs
Publication statusPublished - Dec 2015
Externally publishedYes