In the course of the educational expansion the rising number of academics entering the labour market leads to two questions. First: Are academics capable to place themselves successfully in the labour market or do they have to face higher risks of unemployment? Second: Do academics find...

When employers hire a new staff member, the selection process is heavily characterised by uncertainty as the actual productivity of employees can only be estimated in advance. In particular, this affects the recruiting of entrants. In this respect, the article would like to tackle the question...

The elapsed time taken to earn a Ph.D. in economics is analyzed with data from 620 (of about 950) 1996-97 Ph.D.s. The median is 5.3 years. A duration model indicates that those students at several of the most highly regarded programs, those supported by no-work fellowships, and those holding a...