The 2023 economics job market presents a noticeable decline in candidate numbers compared to previous years, potentially influenced by lingering effects from the COVID-19 pandemic and broader demographic trends. Despite the reduced pool, the overall quality of research papers appears to have diminished as well, with a growing tendency to prioritize depth over breadth in research topics.
Shifting Research Trends in Economics
Observations indicate that fewer innovative and compelling research papers emerged this year. Many candidates seem to focus on refining specific techniques to answer smaller questions effectively, rather than engaging with larger, more significant economic issues. This shift raises concerns about the vitality and excitement of the field, as critical questions may not be receiving the attention they deserve.
Among the institutions evaluated, Harvard University stood out for its students who tackled topics that resonated more with the evaluators. The London School of Economics (LSE) also showcased promising candidates, suggesting that certain institutions continue to produce relevant and engaging research.
A notable trend in the subjects of interest includes a surge in papers concerning educational testing, urban economics, and artificial intelligence. In contrast, theoretical approaches appear to be losing traction, with a growing number of papers reflecting collaborative efforts, as indicated by the increasing number of co-authors involved in research projects.
Concerns Over the Future of Economics Research
Reflecting on the overall experience of reviewing this year’s candidates, there is a sense of disappointment regarding the lack of stimulating and vital research. While some departments remain unassessed, initial impressions suggest that the current state of the economics job market may not be as dynamic as in years past.
The implications of these trends may affect the future landscape of economic research and its potential to address pressing societal challenges. As the job market evolves, it remains crucial for candidates to expand their research interests and tackle broader questions that can inspire innovation and progress in the field.
As the evaluation continues, select papers of interest will be shared, highlighting the few standout contributions from this year’s candidates. The hope is that the economics community can rejuvenate its focus and commitment to addressing vital issues, ensuring that the discipline remains relevant and impactful in a rapidly changing world.