演講者簡介 : Professor Chen received his Ph.D. from Washington University in St. Louis in 2014. He is currently an Assistant Professor of National Chung Cheng University. His research interests include Monetary Theory, Macroeconomics, Development Economics, and Education Economics.
演講摘要 : There exists a growing glut of PhDs in some academic fields. In this study, we develop an occupational choice model with rational PhDs to explain such a phenomenon and provide quantitative and welfare analysis. We distinguish two stages of market demand for PhDs. The first stage is the professors’ demand for doctoral students in knowledge production. The second stage is the market demand for professors in higher education. Students will choose an academic career if their expected lifetime income, i.e., the training wage in the first stage plus the discounted professor wage, meets the participation constraint. By calibrating the model to Taiwanese data as an example, we find some deviations of the number of doctoral students from the social optima in all fields.
