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The environmental cost of the international job market for economists

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  • Chanel, Olivier
  • Prati, Alberto
  • Raux, Morgan

Abstract

We provide an estimate of the environmental impact of the recruitment system in the economics profession, known as the “international job market for economists”. Each year, most graduating PhDs seeking jobs in academia, government, or companies participate in this job market. The market follows a standardized process, where candidates are pre-screened in a short interview which takes place at an annual meeting in Europe or in the United States. Most interviews are arranged via a non-profit online platform, econjobmarket.org, which kindly agreed to share its anonymized data with us. Using this dataset, we estimate the individual environmental impact of 1057 candidates and one hundred recruitment committees who attended the EEA and AEA meetings in December 2019 and January 2020. We calculate that this pre-screening system generated the equivalent of about 4800 tons of avoidable CO2-eq and a comprehensive economic cost over €4.4 million. We contrast this overall assessment against three counterfactual scenarios: an alternative in-person system, a hybrid system (where videoconference is used for some candidates) and a fully online system (as it happened in 2020–21 due to the COVID-19 pandemic). Overall, the study can offer useful information to shape future recruitment standards in a more sustainable way.

Suggested Citation

  • Chanel, Olivier & Prati, Alberto & Raux, Morgan, 2022. "The environmental cost of the international job market for economists," LSE Research Online Documents on Economics 116463, London School of Economics and Political Science, LSE Library.
    • Handle: RePEc:ehl:lserod:116463
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    File URL: http://eprints.lse.ac.uk/116463/
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    References listed on IDEAS

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    1. Milan Klöwer & Debbie Hopkins & Myles Allen & James Higham, 2020. "An analysis of ways to decarbonize conference travel after COVID-19," Nature, Nature, vol. 583(7816), pages 356-359, July.
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    More about this item

    Keywords

    carbon footprint; comprehensive economic cost; environmental impact; international job market; job market for economists;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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