Most economic models falsely predicted a landslide victory for former President Bush in 1992. Rather than winning by the predicted margin of eight to 12 percentage points, Bush lost by a margin of about four. Exit polls tend to eliminate the unique candidacy of Ross Perot as an explanation for...

"This study of Ph.D. economists' careers during the period 1960-1989 examines both initial and current employment and explicitly accounts for the joint relationship between choosing an employment sector and placement within the academic sector. Initial placement and market conditions create...