Frontmatter -- Acknowledgments -- Contents -- Tables -- Figures -- Introduction -- 1. The Economic Theory of Occupational Choice -- 2. Models of the Labor and Education Markets -- 3. Developments in the Market for Highly Specialized Workers after World War II -- 4. The Cobweb Pattern: the...

Using a new panel dataset comprising publication and appointment data for 889 German academic economists over a quarter of a century, we confirm the familiar hypothesis that publications are important for professorial appointments, but find only a small negative effect of appointments on...