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Early career PhD salaries: the industry premium and interdisciplinary debate

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  • Andrew S. Hanks
  • Kevin M. Kniffin

Abstract

Despite the fact that earning the PhD in any given field requires clear investments, the individual returns for such commitments have not been closely studied. This article utilizes data from the Survey of Earned Doctorates to address three questions concerning the salaries earned by recent PhD recipients. We find that (1) industry salaries are significantly higher than other employment sectors and (2) salaries for people who complete interdisciplinary dissertations appear to show - with some noted exceptions - neither a premium nor a penalty when interacted with employment sector and discipline.

Suggested Citation

  • Andrew S. Hanks & Kevin M. Kniffin, 2014. "Early career PhD salaries: the industry premium and interdisciplinary debate," Applied Economics Letters, Taylor & Francis Journals, vol. 21(18), pages 1277-1282, December.
    • Handle: RePEc:taf:apeclt:v:21:y:2014:i:18:p:1277-1282
    DOI: 10.1080/13504851.2014.922664
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    Cited by:

    1. Kevin M. Kniffin & Andrew S. Hanks & Xuechao Qian & Bo Wang & Bruce A. Weinberg, 2020. "Dissertators with Distantly Related Foci Face Divergent Near-Term Outcomes," NBER Working Papers 27825, National Bureau of Economic Research, Inc.
    2. Kevin M. Kniffin & Andrew S. Hanks, 2017. "Antecedents and near-term consequences for interdisciplinary dissertators," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(3), pages 1225-1250, June.
    3. Wei-Chiao Huang & Qing Zang & Daxue Kan, 2024. "Can Education Reduce or Mitigate Discrimination? An Investigation on Earnings of PhD Recipients in the US," Economic Analysis Letters, Anser Press, vol. 3(2), pages 59-73, June.
    4. Jeongeun Kim & Molly Ott & Lindsey Dippold, 2020. "University and Department Influences on Scientists’ Occupational Outcomes," Research in Higher Education, Springer;Association for Institutional Research, vol. 61(2), pages 197-228, March.
    5. Andrew S. Hanks & Kevin M. Kniffin & Xuechao Qian & Bo Wang & Bruce A. Weinberg, 2022. "First Foot Forward: A Two-Step Econometric Method for Parsing and Estimating the Impacts of Multiple Identities," NBER Working Papers 30293, National Bureau of Economic Research, Inc.

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