January 5, 2009
Economists Ponder How to Help Speed Up Ph.D. Completion
San Francisco
Most doctoral programs in economics officially expect their students to earn their degrees and vacate the premises within five years. And because these are economists, they are quick to tell their students about the opportunity costs of delaying a degree.
A 2006 paper in the American Economic Review calculated that if the average starting salary for economists is $74,000, a three-month increase in average time-to-degree would carry a total opportunity cost of
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