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Do Economics Departments Search Optimally in Faculty Recruiting?

Author

Listed:
  • Yonmin Chen
  • Terra Mckinnish

Abstract

We find that it is optimal for higher-quality departments to search broadly across many or even all fields in faculty recruiting, whereas it is optimal for lower-quality departments to conduct narrower searches. We develop a simple search model in which optimal search scope is shown to increase in department quality. Using data from Job Openings for Economists, we find that higher-ranked departments do conduct broader searches. We find that a 10-place increase in department ranking is associated with 3.5--4.8 more Journal of Economic Literature subfields listed in a position announcement. (JEL J44, J64, D83, L8) Copyright 2005, Oxford University Press.

Suggested Citation

  • Yonmin Chen & Terra Mckinnish, 2005. "Do Economics Departments Search Optimally in Faculty Recruiting?," Economic Inquiry, Western Economic Association International, vol. 43(3), pages 676-688, July.
    • Handle: RePEc:oup:ecinqu:v:43:y:2005:i:3:p:676-688
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    Citations

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    Cited by:

    1. Oyer, Paul, 2008. "Ability and employer learning: Evidence from the economist labor market," Journal of the Japanese and International Economies, Elsevier, vol. 22(2), pages 268-289, June.
    2. Günther G. Schulze & Susanne Warning & Christian Wiermann, 2008. "What and How Long Does It Take to Get Tenure? The Case of Economics and Business Administration in Austria, Germany and Switzerland," German Economic Review, Verein für Socialpolitik, vol. 9(4), pages 473-505, November.
    3. Alison F. Del Rossi & Joni Hersch, 2020. "Gender And The Consulting Academic Economist," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1200-1216, July.
    4. Krzysztof Karbownik & Małgorzata Knauff, 2009. "On Importance of Main Economic Categories: Jel Codes Analysis," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 24.
    5. repec:bla:germec:v:9:y:2008:i::p:473-505 is not listed on IDEAS

    More about this item

    JEL classification:

    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • L8 - Industrial Organization - - Industry Studies: Services

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