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Econometric Fellows and Nobel Laureates in Economics

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  • Ho Fai Chan

    ()
    (School of Economics and Finance, Queensland University of Technology)

  • Benno Torgler

    ()
    (Queensland University of Technology, CREMA (Switzerland), EBS Business School (Germany))

Abstract

An academic award is method by which peers offer recognition of intellectual efforts. In this paper we take a purely descriptive look at the relationship between becoming a Fellow of the Econometric Society and receiving the Nobel Prize in economics. We discover some interesting aspects: of all 69 Nobel Prize Laureates between 1969 and 2011, only 9 of them were not also Fellows. Moreover, the proportion of future Nobel winners among the Fellows has been quite high throughout time and a large share of researchers who became Fellows between the 1930s and 1950s became Nobel Laureates at a later stage. On average, researchers become Fellows relatively early in their career (14.9 years after their PhD) and those who were subsequently made Nobel Laureates become Fellows earlier than other researchers. Interestingly, Harvard and MIT have been the dominant PhD granting institutions to generate Fellows and Nobel Laureates in the past.

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Bibliographic Info

Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 32 (2012)
Issue (Month): 4 ()
Pages: 3365-3377

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Handle: RePEc:ebl:ecbull:eb-12-00804

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Keywords: Fellows of the Econometric Society; Nobel Laureate; economics of science; awards;

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  1. Bruno S. Frey & Susanne Neckermann, 2009. "Academics Appreciate Awards - A New Aspect of Incentives in Research," CESifo Working Paper Series 2531, CESifo Group Munich.
  2. Benno Torgler & Marco Piatti, 2011. "A Century of American Economic Review," Working Papers, Fondazione Eni Enrico Mattei 2011.27, Fondazione Eni Enrico Mattei.
  3. Robert J. Gordon, 1997. "What is the Econometric Society? History, Organization, and Basic Procedures," Econometrica, Econometric Society, Econometric Society, vol. 65(6), pages 1443-1452, November.
  4. Bruno S. Frey & Susanne Neckermann, 2008. "Awards in Economics - Towards a New Field of Inquiry," CREMA Working Paper Series, Center for Research in Economics, Management and the Arts (CREMA) 2008-33, Center for Research in Economics, Management and the Arts (CREMA).
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