RT Generic T1 The elite in economics A1 Albarrán, Pedro A1 Carrasco, Raquel A1 Ruiz-Castillo, Javier A2 Universidad Carlos III de Madrid. Departamento de Economía, A2 Universidad Carlos III de Madrid, AB We use a sample consisting of economists working in 2007 in the world top 81 Economics departments, andEconometric Society Fellows working elsewhere. Productivity is based in each individual’s publications in fourjournal equivalent classes. We identify three elites consisting of 123, 332, and 908 researchers in a total sample of2,605 scholars, which are partitioned into the U.S., the European Union, and the rest of the world. We investigatethe following questions. (1) The “funneling effect” from countries where elite members obtain their first degree, tocountries where they earn a Ph.D., and to countries where they work in 2007. (2) The clustering in a few U.S.institutions. (3) The distribution into those who study and work in the same country (stayers), those who study theirPh.D. abroad but come back home to work (brain circulation), and those who migrate after completing theireducation at home, plus those who remain abroad after studying the Ph.D. (two forms of brain drain). (4) Theresearch gap favoring the U.S. (5) The elite in Economics versus other scientific disciplines. (6) We investigatequestions 1 to 4 above for the subset of economists that earned a Ph.D. at most 25 years before 2007 SN 2340-5031 YR 2014 FD 2014-10 LK https://hdl.handle.net/10016/19151 UL https://hdl.handle.net/10016/19151 LA eng NO Albarrán acknowledges financial support from the Spanish MEC through grants ECO2009-11165 and ECO2011-29751, and Carrasco and Ruiz-Castillo through grants No. ECO2012-31358 and ECO2011-29762, respectively DS e-Archivo RD 10 may. 2024