Economics BA's and Ph.D.'s from Liberal Arts Colleges: Do Degree Requirements or Faculty Scholarship Matter?

29 Pages Posted: 26 Jan 2005  

Robert J. Lemke

Lake Forest College - Department of Economics

Todor L. Barzev

Lake Forest College - Department of Economics

Detlina N. Filipova

Lake Forest College - Department of Economics

Veska I. Suleva

Lake Forest College - Department of Economics

Date Written: January 25, 2005

Abstract

We investigate how economics degree requirements and faculty scholarship at 106 elite liberal arts colleges in the United States are related to the percent of a college's students who major in economics and the percent of a college's graduates who go on to earn a Ph.D. in economics. We find that degree requirements are related to these educational outcomes in a natural way. Additional requirements tend to drive undergraduates away from the major, while imposing more technical requirements is associated with more graduates eventually earning a Ph.D. in economics. Faculty scholarship is positively related to the number of undergraduate majors, but only at the top 40 colleges. In terms of affecting Ph.D. creation, faculty scholarship has a positive effect but only at the top 40 colleges that do not offer an undergraduate business degree. In particular, a one standard deviation increase in faculty publications is associated with a department producing one more economics Ph.D. about once every four years.

JEL Classification: A22, A23, I21

Suggested Citation

Lemke, Robert J. and Barzev, Todor L. and Filipova, Detlina N. and Suleva, Veska I., Economics BA's and Ph.D.'s from Liberal Arts Colleges: Do Degree Requirements or Faculty Scholarship Matter? (January 25, 2005). Available at SSRN: https://ssrn.com/abstract=654241 or http://dx.doi.org/10.2139/ssrn.654241

Robert J. Lemke (Contact Author)

Lake Forest College - Department of Economics ( email )

555 N. Sheridan Road
Lake Forest, IL 60045
847-735-5143 (Phone)
847-735-6193 (Fax)

Todor L. Barzev

Lake Forest College - Department of Economics ( email )

555 N. Sheridan Road
Lake Forest, IL 60045

Detlina N. Filipova

Lake Forest College - Department of Economics ( email )

555 N. Sheridan Road
Lake Forest, IL 60045

Veska I. Suleva

Lake Forest College - Department of Economics ( email )

555 N. Sheridan Road
Lake Forest, IL 60045

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