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As opposed to general expectation and perception, doctoral graduates do not necessarily strive for or realize the ideal-typical academic career. In many Western countries, career opportunities and paths for doctoral graduates have diversified, and academia is not their only occupational destination, with a large proportion leaving academia to work in public service, in companies’ research and development departments, or in non-profit organizations. Against this background, this thesis examines postdoctoral careers by means of the midterm occupational destinations and professional success among doctoral graduates in the academic and non-academic labour markets in Germany. With regard to occupational destinations, I investigate where doctoral graduates are employed following graduation and how their occupational destinations can be explained. With regard to professional success, I investigate various objective and subjective success indicators related to the returns to doctoral degrees — such as earnings, management positions, and job satisfaction — and systematically include the graduates’ occupational destinations in the analyses. I also consider social inequalities regarding both research topics.
We study nominal exchange rate dynamics in the aftermath of U.S. monetary policy announcements. Using high-frequency interest rate and stock price movements around FOMC announcements, we distinguish between pure monetary policy shocks and information shocks, which are associated with new information contained in the announcements. Contractionary pure policy shocks give rise to a strong, but transitory, appreciation on impact. Information shocks also appreciate the exchange rate, but the effect builds up only slowly over time and is highly persistent. Thus, we conclude that although the short-run effects on the exchange rate are primarily due to pure policy shocks, the medium-run response is driven by information effects.
Humans have long used external memory aids to support remembering. However, modern digital technologies could facilitate recording and remembering personal information in an unprecedented manner. The present research sought to understand the potential impact of these technologies on autobiographical memory based on interviews with users of smart journaling apps. In Study 1 (N = 12), participants who had no prior experience with smart journaling apps tested the app Day One for 2 weeks and were interviewed about their subjective perceptions afterwards. In order to cross-validate the obtained findings, Study 2 (N = 4) was based on in-depth interviews with long-time users of different smart journaling apps. Taken together, the two studies provide insights into the way autobiographical remembering may change in the digital age – but also into the opportunities and risks potentially associated with the use of technologies that allow creating a detailed and multimedia-based record of one's life.