Are graduate students rational? Evidence from the market for biomedical scientists

PLoS ONE

Volumn 8, Issue 12, 2013, Pages

  Blume Kohout, Margaret E ^a   Clack, John W ^a  

^a UNIVERSITY OF NEW MEXICO   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

ARTICLE; BIOMEDICINE; BUDGET; CAREER; DRUG INDUSTRY; EMPIRICAL RESEARCH; EMPLOYMENT; FINANCIAL MANAGEMENT; GRADUATE STUDENT; HUMAN; MEDICAL EDUCATION; MEDICAL RESEARCH; NATIONAL HEALTH ORGANIZATION; POSTGRADUATE EDUCATION; SALARY; STUDENT ATTITUDE; TIME SERIES ANALYSIS; UNITED STATES; ACADEMIC ACHIEVEMENT; ECONOMICS; LABORATORY PERSONNEL; SALARY AND FRINGE BENEFIT; STATISTICS AND NUMERICAL DATA; STUDENT;

BIOMEDICAL RESEARCH; EDUCATION, GRADUATE; EMPLOYMENT; HUMANS; LABORATORY PERSONNEL; NATIONAL INSTITUTES OF HEALTH (U.S.); RESEARCH SUPPORT AS TOPIC; SALARIES AND FRINGE BENEFITS; STUDENTS; UNITED STATES;

EID: 84893455190     PISSN: None     EISSN: 19326203     Source Type: Journal    
DOI: 10.1371/journal.pone.0082759     Document Type: Article

References (29)

1. Garrison HH, Stith AL, Gerbi SA (2005) Foreign postdocs: the changing face of biomedical science in the US. FASEB J 19: 1938-1942.
2. Stephan P (2012) Perverse incentives. Nature 484: 29-31.
3. Levitt DG (2010) Careers of an elite cohort of U.S. basic life science postdoctoral fellows and the influence of their mentor's citation record. BMC Med Educ 10: 80.
4. Bedard K, Herman DA (2008) Who goes to graduate/professional school? The importance of economic fluctuations, undergraduate field, and ability. Econ Educ Rev 27: 197-210.
5. Loscalzo J (2006) The NIH budget and the future of biomedical research. N Engl J Med 354: 1665-1667.
6. National Research Council (2011) Research-Doctorate Programs in the Biomedical Sciences: Selected Findings from the NRC Assessment; Lorden JF, Kuh CV, Voytuk JA, editors. Washington, DC: National Academies Press.
7. Teitelbaum MS (2008) Research funding - Structural disequilibria in biomedical research. Science 321: 644-645.
8. Tilghman S, Rockey S, Degen S, Forese L, Ginther D, et al. (2012) Biomedical Research Workforce Working Group Report. Bethesda, MD: National Institutes of Health.
9. Stephan P (2012) How Economics Shapes Science: Harvard University Press.
10. Mullen AL, Goyette KA, Soares JA (2003) Who goes to graduate school? Social and academic correlates of educational continuation after college. Sociol Educ 76: 143-169.
11. Brotman JS, Moore FM (2008) Girls and science: a review of four themes in the science education literature. J Res Sci Teach 45: 971-1002.
12. St John EP, Paulsen MB, Carter DF (2005) Diversity, college costs, and postsecondary opportunity: an examination of the financial nexus between college choice and persistence for African Americans and Whites. J Higher Educ 76: 545-569.
13. Eagan MK, Newman CB (2010) Investing in human capital: underrepresented racial minorities' intentions to attend graduate school in STEM fields. Los Angeles, CA: UCLA Higher Education Research Institute. Available: http://heri.ucla.edu/nih/downloads/Eagan Newman - Investing in Human Capital - AERA 2010.pdf. Accessed: 2013 May 15.
14. Roach M, Sauermann H (2010) A taste for science? PhD scientists' academic orientation and self-selection into research careers in industry. Res Policy 39: 424-434.
15. Whittington KB, Smith-Doerr L (2008) Women inventors in context: Disparities in patenting across academia and industry. Gend Soc 22: 194-218.
16. Husbands Fealing K, Myers SL (2012) Pathways v. pipelines to broadening participation in the STEM workforce. University of Minnesota, via SSRN website. Available: http://dx.doi.org/10.2139/ssrn.2020504. Accessed 2013 Nov 18.
17. Greene J, Stockard J, Lewis P, Richmond G (2010) Is the academic climate chilly? The views of women academic chemists. J Chem Educ 87: 381-385.
18. Sauermann H, Roach M (2012) Science PhD career preferences: Levels, changes, and advisor encouragement. PLoS One 7 (5): e36307. doi: 10.1371/journal.pone.0036307.
19. Taylor JB (1985) Rational expectations models in macroeconomics. In: Arrow KJ, Honkapohja S, editors. Frontiers of Economics. New York: Basil Blackwell.
20. Ryoo J, Rosen S (2004) The engineering labor market. J Polit Econ 112: S110-S140.
21. Freeman RB (1976) A cobweb model of the supply and starting salary of new engineers. Ind Labor Relat Rev: 236-248.
22. Blume-Kohout ME, Adhikari D (2012) Training the biomedical workforce: Does funding mechanism matter? Southern Economic Association 82nd Annual Meeting New Orleans, LA, 2012 November 16-18.
23. Ehrenberg RG, Rees DI, Brewer DJ (1993) Institutional responses to increased external support for graduate students. Rev Econ Stat 75: 671-682.
24. Angrist JD, Krueger AB (2001) Instrumental variables and the search for identification: From supply and demand to natural experiments. J Econ Perspect 15: 69-85.
25. Bureau of Labor Statistics, U.S. Department of Labor Occupational Employment Statistics. Available: http://www.bls.gov/oes/tables.htm. Accessed 2011 April 6. Accessed 2012 Oct 26.
26. Bureau of Labor Statistics, U.S. Department of Labor (2007) Technical Notes for 1999 OES Estimates. Available: http://www.bls.gov/oes/1999/oestec99. htm. Last modified: 2007 January 10. Accessed 2013 Nov 18.
27. Fox MF, Stephan PE (2001) Careers of young scientists: preferences, prospects and realities by gender and field. Soc Stud Sci 31: 109-122.
28. U.S. Bureau of Economic Analysis (2010) Table C. Contributions to the Annual Growth Rate of Real Business Sector Investment in R&D, 1999-2007. Research and Development Satellite Account. Available: http://bea.gov/ newsreleases/general/rd/2010/xls/R&DSA-2010.xls. Accessed: 2012 Oct 26.
29. Durbin J (1970) Testing for serial correlation in least-squares regression when some of the regressors are lagged dependent variables. Econometrica: 410-421.