@TechReport{iza:izadps:dp18868, author={Eberhardt, Markus and Facchini, Giovanni and Rueda, Valeria}, title={Expanding Opportunities: New Facts about the Placement of PhD Economists}, year={2026}, month={Aug}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={18868}, url={https://www.iza.org/index.php/publications/dp18868}, abstract={Is the top of the economics profession becoming more insular? We study the placement of top PhD graduates over the past quarter-century matching them to their advisors. Three trends point towards greater openness: graduates increasingly place outside academia, outside the US, and into a tech sector recruiting broadly across gender, ethnicity, and program prestige. The disaggregated picture is less reassuring: the Emerging South is largely sidelined in the global job market, East Asians face persistent gaps in top academic placement, and elite advisors continue to confer substantial advantages within academia. Tech placement, meanwhile, is dominated by a single employer.}, keywords={gender;ethnicity;diversity;economics;job market}, }