This post is motivated by Eshe Nelson's column "The Dismal Cost of Economics' Lack of Racial Diversity." I was especially struck by this data -- out of the 539 economics doctorates awarded to U.S. citizens and permanent residents (by U.S. institutions), only 18 of the recipients were African-American. I thought it would be of some interest to see what the data looks like more broadly over other groups and over a longer period of time. I thank my research assistant, Andrew Spewak, for gathering this data (from the National Science Foundation). Let's start with the raw numbers first. The data is aggregated into 5-year bins beginning in 1965 and up to 2014. The orange bars represent the number of econ PhDs awarded to U.S. citizens and permanent residents (by U.S. institutions) over a
David Andolfatto considers the following as important:
This could be interesting, too:
Bank of Japan writes Average Interest Rates by Type of Deposit
Bank of Japan writes Services Producer Price Index (Feb.)
Bank of Japan writes Summary of Opinions at the Monetary Policy Meeting on March 14 and 15, 2019
IMFBlog writes Corporate Taxation in the Global Economy
Let's start with the raw numbers first. The data is aggregated into 5-year bins beginning in 1965 and up to 2014. The orange bars represent the number of econ PhDs awarded to U.S. citizens and permanent residents (by U.S. institutions) over a given 5-year period. The blue bars represent the total number of doctorates awarded.
Seems like the number of econ PhDs awarded to U.S. citizens is on the decline and that this decline has been partially made up by the number of PhDs awarded to foreign students.
Now, let's stick with citizens for the moment and decompose the data across various "racial" categories. The following figure reports the share of econ doctorates earned by various groups.
The most dramatic pattern is the relative decline of PhDs awarded to Whites and the increasing share of degrees awarded to Asians (there is also a noticeable uptick in the "Other" category which includes groups like Native Americans). Blacks and Hispanics have made some gains since the early years, but have since stabilized to about a 5% share.
I now reproduce the picture above, but this time looking at total PhDs awarded.
To conclude, there are some clear racial imbalances here. I think most people would agree that increasing Black and Hispanic representation in the U.S. economics profession is a good idea (for many of the reasons highlighted in Eshe's column). Future research into this matter should be informed by the fact that not all minority groups have fared in the same way. It would also be interesting to see how these patterns have evolved in other countries.