Wednesday, May 13, 2009

Economics job market

The Harvard economics placement results show the effects of the weak job market this year. As noted by my colleague Lones Smith, who sent around the link, they have only two top ten placements out of 29 candidates.

I do not know most of these candidates but I was surprised by some of the ones I do know. In particular, I thought Juan Saavedra would go higher than Rand - he has a strong job market paper on university quality in Colombia. It has both a nice RD design for identification and data from college exit exams, which help to distinguish effects on human capital from signaling effects. I suspect he'll be able to publish his way out of Rand if he cares to, but in a different year he would not have had to.