REVISITING GLADWELL'S HOCKEY PLAYERS: INFLUENCE OF RELATIVE AGE EFFECTS UPON EARNING THE PHD | Zendy

Kniffin Kevin M. | Zendy; Hanks Andrew S. | Zendy

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REVISITING GLADWELL'S HOCKEY PLAYERS: INFLUENCE OF RELATIVE AGE EFFECTS UPON EARNING THE PHD

Author(s) -

Kniffin Kevin M.,

Hanks Andrew S.

Publication year - 2016

Publication title -

contemporary economic policy

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.454

H-Index - 49

eISSN - 1465-7287

pISSN - 1074-3529

DOI - 10.1111/coep.12114

Subject(s) - salary , earnings , demographic economics , economics , accounting , market economy

We examine the influence of relative age effects ( RAE ) upon specific factors related to earning a Doctor of Philosophy ( PhD ): age at degree, time to degree, and salary upon completion. Drawing on the 2010 Survey of Earned Doctorates, we find no significant influence of RAE . Specifically, when controlling for discipline‐specific variation, we find no influence of RAE on the age of people earning the PhD and no influence on post‐graduate salary. However, we estimate a relative salary loss due to redshirting of over $138,000 in lifetime earnings for individuals who earn the PhD . To the extent that earning the PhD is considered an outstanding achievement, our findings support the view that redshirting is unnecessary and costly. ( JEL D01, D12, I20, I28, J24, J44)

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