I don’t really know. I know about econ because I’m doing a joint PhD in it and statistics. One useful consideration is whether there’s a large non-academic job market for the field. This pushes the salaries of academics up and makes the academic market less competitive, all else equal, because of the outside option.
I don’t really know. I know about econ because I’m doing a joint PhD in it and statistics. One useful consideration is whether there’s a large non-academic job market for the field. This pushes the salaries of academics up and makes the academic market less competitive, all else equal, because of the outside option.