Staff with PhDs make up 21.3% of average economics department

Four-fifths of advanced economy institutions sponsor economists to undertake PhD qualification

The share of central bank economists with doctorate-level qualifications (PhDs) averaged 21.3% in the Economics Benchmarks 2022, slightly higher than 2021. The proportion of institutions sponsoring economists for PhD programmes also ticked up to 66% (or 21 of 32 banks) in the 2022 sample.

In the 2021 benchmark, the average figure of economists with a PhD was 18%, while 59% of banks said they have arrangements for sponsoring such professionals to obtain a PhD. The range of economics staff with a

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