“What do Australian economics PhDs do?” Kenneth Clements and Jiawei Si (both UWA) ask in a new Australian Economic Review paper. No, the answer is not calculus.

The authors examine the state of doctoral research across the country and conclude that prospects for the 100-or so PhD grads per annum “are reasonably good,” perhaps better than in other disciplines. Except for jobs as academics; “They feel some Australian universities have a preference for foreign-trained PhDs, so those who are Australian-trained are crowded out.”