Via Kurt Schuler:
A link from Marginal Revolution took me to a paper called “An Empirical Guide to Hiring Assistant Professors in Economics.” It is as interesting for what it doesn’t say as for what it does. It concludes that “top 30” Ph.D. programs in economics, which accept a bunch of quite bright college graduates every year, do a terrible job in making those who graduate capable of publishing work that academic economists find sufficiently worthwhile to accept for publication in academic journals. From all the top 30 programs combined, the average number of economics Ph.D.s in the period the authors studied was 460. Only 143 (31 percent) had at least one publication in any academic journal ranked by the authors six years after graduating. Even at Harvard, Chicago, or Berkeley, the bottom half of the class essentially published nothing. The paper is talking aboutgraduates, and is excluding students who didn’t complete their degrees. Another finding: for graduates who were not at the top of their Ph.D. cohort, Princeton, Rochester, and the University of California-San Diego seem to have provided the best preparation for writing publishable academic papers.
We indeed have several top notch faculty members who train graduate students. Check out their work here. In case anyone is wondering, I came from a “top” department and indeed am a dog, not the good kind.
And for this week’s dose of sensible analysis (do click on the Biology course description – imagine the outrage if I started teaching models of ecology in my economics courses), have a looksee here.