but maybe don’t go to the best school you can.
I read Initial labor market outcomes and long-term outcomes for economists today. Pretty interesting: there is a feedback from your first placement to your long-run productivity. The link is to the abstract.
I also found a nice paper called ‘Doe the academic labor market initially allocate new graduates efficiency?’ which argues empirically that a top ranked student from a lower quality school tends to place better and produce more research output than a mid-ranked student from a more elite institution. I cannot find the paper on the web, but it is published in ‘The Journal of Economic Perspectives.’
Both articles will inform me as I help students get organized for Grad. School, and also the academic job market.