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Job Market Advice: Sitting on the Demand Side at ASSA

(Edit: My household’s dependency ratio having gone from zero to 0.33 overnight two weeks ago, in my sleep-deprived state, I had initially titled this post “Sitting on the Supply Side …,” when I truly meant “Sitting on the Demand Side ….” Apologies for the confusion.)

Jessica Hoel comments on my last post, in which I gave my usual advice to job-market candidates interviewing at ASSA:

Any advice for first-timers on the other side of the table this year?

Having sat on the demand side for the last two ASSAs, I think I can offer at least some general thoughts. A lot of those thoughts are similar to my advice to job-market candidates, but here goes nevertheless:

[Repost] Job Market Advice: Interviewing at ASSA

(Note: Too many things are keeping me busy and away from blogging these days, and it is job-market season. As such, I thought this would be a good time to post part 2 of my advice to job-market candidates from a few years ago one more time.)

It’s that time of the year again, when graduate students who are about to enter their final year in economics and related disciplines are getting ready to go on the job market.

Going on the job market is a harrowing experience for most people, however, so I thought I should help job-market candidates by sharing my advice.

This post is the second in a series of three. Today, I’d like to discuss what it’s like to interview at the annual meetings, and how you should prepare for it. The next installment will cover on-campus interviews.

Is College Worth It? Job Market Hysteresis and Lumpiness in Educational Investments

On a recent Minneapolis-Saint Paul to London-Heathrow flight, I watched the 2014 documentary Ivory Tower. The movie is about the rising cost of attending college in the US,* and what might have caused it. The movie spends some time showing the viewer a number of borderline white-elephant large-scale infrastructure projects (e.g., a new football stadium here, a new climbing wall there, etc.) and speculates that such investments as well as admin bloat (i.e., increases in the number of university staff who are neither faculty nor support staff) have caused the cost of college to rise at a much faster rate than the income of the average US household. Unfortunately, the documentary spends way too much time on Cooper Union’s transition from being tuition-free to charging tuition, and to the occupation of the office of the president of Cooper Union by students who were opposed to the transition.

Because I have an obvious stake in those issues, the documentary made me reflect a great deal about the state of university education in the US. While it is certainly true that in my last job, I often felt more like a GO at a four-year Club Med than as a college professor (something I no longer feel in my current job, thank God), the rising costs of college made me think about a question often posed in the media these days (almost always accompanied with some crappy stock photo of young college graduates in full academic regalia on the day of their graduation), namely “Is college still worth it?” Answers tend to range from a more liberal “Yes, but …” usually followed with “you have to major in something that will be in demand in four years” to a more conservative “No, college is useless, you have to make your own way,” followed by vague mentions of Mark Zuckerberg, Steve Jobs, and Bill Gates (all college dropouts, all billionaires).