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A Tale of Two Fields? STEM Career Outcomes

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A Tale of Two Fields? STEM Career Outcomes

Written by:
Working Paper Number CES-23-53

Abstract

CES_working_paper_series
Download A Tale of Two Fields? STEM Career Outcomes [PDF - > 1MB]

Is the labor market for U.S. researchers experiencing the best or worst of times? This paper analyzes the market for recently minted Ph.D. recipients using supply-and-demand logic and data linking graduate students to their dissertations and W2 tax records. We also construct a new dissertation-industry “relevance” measure, comparing dissertation and patent text and linking patents to assignee firms and industries. We find large disparities across research fields in placement (faculty, postdoc, and industry positions), earnings, and the use of specialized human capital. Thus, it appears to simultaneously be a good time for some fields and a bad time for others.

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Do the places that produce human capital in childhood also produce human capital in adulthood? We provide evidence of a tradeoff and explore why it occurs.
Page Last Revised - October 24, 2023
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