The May Papers & Proceedings reports the number of new PhDs and the number of jobs advertised in JOE. The number advertised is roughly three times the number of new PhDs.
I am a prospective Ph.D. in Economics student at a well-known university in Europe. However, I have concerns about the future of the job market for Ph.D. in Economics graduates.
I have read several comments that claim oversupply in the market, especially compared to Ph.D. in Finance or Business This leads me to think about what will happen in the coming four years and questioning myself about the investment decision I am making.
Therefore, could you please evaluate the current(and future) of the Ph.D. in Economics job market? Is there any source that provides some kind of demand and supply data?
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