English
 
Help Privacy Policy Disclaimer
  Advanced SearchBrowse

Item

ITEM ACTIONSEXPORT

Released

Paper

Informal Contacts in Hiring: The Economics Job Market

MPS-Authors
/persons/resource/persons222103

Rose,  Michael
MPI for Innovation and Competition, Max Planck Society;

External Resource
Fulltext (restricted access)
There are currently no full texts shared for your IP range.
Fulltext (public)
There are no public fulltexts stored in PuRe
Supplementary Material (public)
There is no public supplementary material available
Citation

Rose, M., & Shekhar, S. (2018). Informal Contacts in Hiring: The Economics Job Market. Max Planck Institute for Innovation & Competition Research Paper, No. 18-12.


Cite as: https://hdl.handle.net/21.11116/0000-0001-AB3F-9
Abstract
We demonstrate the importance of 'social connections' in the labor market by studying the placement outcomes of doctoral students in Economics. We show that a PhD adviser's connectedness in the co-author network matters for her student's academic placement. An adviser's connectedness is measured by her Eigenvector centrality rank in the co-author network defined by more than 100,000 coauthored research articles. Students of more connected advisers obtain a better initial placement compared to students of less connected advisers. We identify the impact of adviser connectedness via changes in the centrality of the adviser’s co-authors in a model with adviser-fixed effects. Additionally, we use the deaths of faculty members as an exogenous shock to show that the probability of a student being placed at a particular department reduces when the collaboration intensity between the student's school and that department decreases due to the death. Our results contain a more general insight for any labor market - even in direct connections can significantly affect job market outcomes.