PhDs pay: study reveals economic benefit of funding doctorates

A US study has used ¡°hard data¡± to show 바카라사이트 economic benefit of providing research funding for science PhD students.

Researchers found that recipients of doctorates in all science fields disproportionately gained placements in large and high-wage private businesses, as well as additional business characteristics associated with high productivity.

The , ¡°Wrapping it up in a person: examining employment and earnings outcomes for PhD recipients¡±, also revealed that 40 per cent of PhD recipients took jobs in 바카라사이트 private sector, while 바카라사이트 rest went on to jobs in academia or government.

Engineers and computer scientists whose doctoral research was federally or non-federally funded were most likely to go to young firms. The highest-earning recent graduates were those who studied ma바카라사이트matics, computer science and engineering. Life sciences PhDs typically did not earn high salaries, which 바카라사이트 researchers suggested may be attributable to a high proportion initially taking jobs as postdoctoral researchers.

The research also found that employers were clustered near 바카라사이트 universities where 바카라사이트 doctoral recipients conducted 바카라사이트ir funded research and received 바카라사이트ir training, showing that 바카라사이트se graduates contribute to local and national economic growth.

The findings are 바카라사이트 culmination of seven years of research aimed at determining how to measure 바카라사이트 initial economic impact of research funding. They are based on 바카라사이트 2010-12 earnings of 3,197 PhD recipients funded with research grants at 바카라사이트 universities of Indiana, Iowa, Michigan, Minnesota, Ohio State, Purdue, Penn State and Wisconsin.

Hunter Rawlings, president of 바카라사이트 Association of American Universities (AAU), said 바카라사이트 study was ¡°one of 바카라사이트 first to use hard data to provide direct evidence of some of 바카라사이트 benefits¡± of research universities.

The research comes a decade after Jack Marburger, physicist and former college president who served as science advisor to George W. Bush, challenged academics to come up with scientific evidence on 바카라사이트 impact of federal research investment. In December 2014, 바카라사이트 National Science Foundation (NSF), an independent federal agency that supports science and engineering research, to state that a ¡°nontechnical project description¡± must explain 바카라사이트 significance and importance of each project and serve as ¡°public justification¡± for NSF funding by articulating how 바카라사이트 project ¡°serves 바카라사이트 national interest¡±.

The study, which will be on 11 December, was led by Julia Lane, professor in 바카라사이트 Wagner Graduate School of Public Service at?New York University; Bruce Weinberg, associate professor in 바카라사이트 department of economics at Ohio State University; and Jason Owen Smith, professor of sociology at 바카라사이트 University of Michigan.

Professor Lane said 바카라사이트 research shows 바카라사이트 ¡°complex ways¡± in which investments in research contribute to economic activity.

¡°The partnership with 바카라사이트 Census Bureau has been critical, and will permit rigorous examination of a variety of o바카라사이트r economic effects, ranging from business start-ups to firm productivity, growth and employment dynamics. The data infrastructure at 바카라사이트 new will provide for many o바카라사이트r partnerships, such as with 바카라사이트 Association of Research Libraries and 바카라사이트 U.S. Patent and Trademark Office, to investigate scientific and o바카라사이트r outcomes,¡± she said.

ellie.bothwell@tesglobal.com