Deutsch
 
Hilfe Datenschutzhinweis Impressum
  DetailsucheBrowse

Datensatz

DATENSATZ AKTIONENEXPORT

Freigegeben

Zeitschriftenartikel

The Hog Cycle of Law Professors. An Econometric Time Series Analysis of the Entry-level Job Market in Legal Academia

MPG-Autoren
/persons/resource/persons183106

Engel,  Christoph
Max Planck Institute for Research on Collective Goods, Max Planck Society;

/persons/resource/persons183128

Hamann,  Hanjo
Max Planck Institute for Research on Collective Goods, Max Planck Society;

Volltexte (beschränkter Zugriff)
Für Ihren IP-Bereich sind aktuell keine Volltexte freigegeben.
Volltexte (frei zugänglich)
Es sind keine frei zugänglichen Volltexte in PuRe verfügbar
Ergänzendes Material (frei zugänglich)
Es sind keine frei zugänglichen Ergänzenden Materialien verfügbar
Zitation

Engel, C., & Hamann, H. (2016). The Hog Cycle of Law Professors. An Econometric Time Series Analysis of the Entry-level Job Market in Legal Academia. PLOS One, 11(7): e0159815.


Zitierlink: https://hdl.handle.net/11858/00-001M-0000-002B-0085-6
Zusammenfassung
The (German) market for law professors fulfils the conditions for a hog cycle: In the short run, supply cannot be extended or limited; future law professors must be hired soon after they first present themselves, or leave the market; demand is inelastic. Using a comprehensive German dataset, we show that the number of market entries today is negatively correlated with the number of market entries eight years ago. This suggests short-sighted behavior of young scholars at the time when they decide to prepare for the market. Using our statistical model, we make out-of-sample predictions for the German academic market in law until 2020.