Advanced Search
MyIDEAS: Login to save this paper or follow this series

Does the John Bates Clark Medal Boost Subsequent Productivity and Citation Success?

Contents:

Author Info

  • Ho Fai Chan
  • Bruno S. Frey
  • Jana Gallus
  • Benno Torgler

Abstract

Despite the social importance of awards, they have been largely disregarded by academic research in economics. This paper investigates whether a specific, yet important, award in economics, the John Bates Clark Medal, raises recipients’ subsequent research activity and status compared to a synthetic control group of non-recipient scholars with similar previous research performance. We find evidence of positive incentive and status effects that raise both productivity and citation levels.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.cesifo-group.de/portal/page/portal/DocBase_Content/WP/WP-CESifo_Working_Papers/wp-cesifo-2013/wp-cesifo-2013-10/cesifo1_wp4419.pdf
Download Restriction: no

Bibliographic Info

Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 4419.

as in new window
Length:
Date of creation: 2013
Date of revision:
Handle: RePEc:ces:ceswps:_4419

Contact details of provider:
Postal: Poschingerstrasse 5, 81679 Munich
Phone: +49 (89) 9224-0
Fax: +49 (89) 985369
Email:
Web page: http://www.cesifo.de
More information through EDIRC

Related research

Keywords: awards; incentives; research; John Bates Clark Medal; synthetic control method;

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Stefano Iacus & Gary King & Giuseppe Porro, 2009. "Multivariate Matching Methods That are Monotonic Imbalance Bounding," UNIMI - Research Papers in Economics, Business, and Statistics, Universitá degli Studi di Milano unimi-1089, Universitá degli Studi di Milano.
  2. Saurabh Singhal & Rahul Nilakantan, 2012. "Naxalite Insurgency and the Economic Benefits of a Unique Robust Security Response," HiCN Working Papers 127, Households in Conflict Network.
  3. Michael E. Conroy & Richard Dusansky, 1995. "The Productivity of Economics Departments in the U.S.: Publications in the Core Journals," Journal of Economic Literature, American Economic Association, vol. 33(4), pages 1966-1971, December.
  4. Paolo Pinotti, 2012. "The Economic Costs of Organized Crime: Evidence from Southern Italy," Working Papers, "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi 054, "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi.
  5. Akerlof, George A, 1976. "The Economics of Caste and of the Rat Race and Other Woeful Tales," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 90(4), pages 599-617, November.
  6. Kodrzycki Yolanda K. & Yu Pingkang, 2006. "New Approaches to Ranking Economics Journals," The B.E. Journal of Economic Analysis & Policy, De Gruyter, De Gruyter, vol. 5(1), pages 1-44, August.
  7. Pantelis Kalaitzidakis & Theofanis P. Mamuneas & Thanasis Stengos, 2011. "An updated ranking of academic journals in economics," Canadian Journal of Economics, Canadian Economics Association, Canadian Economics Association, vol. 44(4), pages 1525-1538, November.
  8. Tom Coupé, 2003. "Revealed Performances: Worldwide Rankings of Economists and Economics Departments, 1990-2000," Journal of the European Economic Association, MIT Press, MIT Press, vol. 1(6), pages 1309-1345, December.
  9. Tom Coupé & Victor Ginsburgh & Abdul Noury, 2010. "Are leading papers of better quality? Evidence from a natural experiment," Oxford Economic Papers, Oxford University Press, vol. 62(1), pages 1-11, January.
  10. Victor A. Ginsburgh & Jan C. van Ours, 2003. "Expert Opinion and Compensation: Evidence from a Musical Competition," American Economic Review, American Economic Association, American Economic Association, vol. 93(1), pages 289-296, March.
  11. Daniel S. Hamermesh & Peter Schmidt, 2003. "The Determinants of Econometric Society Fellows Elections," Econometrica, Econometric Society, Econometric Society, vol. 71(1), pages 399-407, January.
  12. Victor Ginsburgh, 2005. "Languages, genes and cultures," ULB Institutional Repository 2013/1677, ULB -- Universite Libre de Bruxelles.
  13. Bielby, William T & Baron, James N, 1986. "Sex Segregation within Occupations," American Economic Review, American Economic Association, American Economic Association, vol. 76(2), pages 43-47, May.
  14. Emmanuelle Auriol & Régis Renault, 2008. "Status and incentives," RAND Journal of Economics, RAND Corporation, vol. 39(1), pages 305-326.
  15. Baker, George P & Jensen, Michael C & Murphy, Kevin J, 1988. " Compensation and Incentives: Practice vs. Theory," Journal of Finance, American Finance Association, American Finance Association, vol. 43(3), pages 593-616, July.
  16. Victor Ginsburgh, 2003. "Awards, Success and Aesthetic Quality in the Arts," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 17(2), pages 99-111, Spring.
  17. Abadie, Alberto & Gardeazabal, Javier, 2008. "Terrorism and the world economy," European Economic Review, Elsevier, Elsevier, vol. 52(1), pages 1-27, January.
  18. Herbert Glejser & Bruno Heyndels, 2001. "Efficiency and Inefficiency in the Ranking in Competitions: the Case of the Queen Elisabeth Music Contest," Journal of Cultural Economics, Springer, Springer, vol. 25(2), pages 109-129, May.
  19. Abadie, Alberto & Diamond, Alexis & Hainmueller, Jens, 2010. "Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California’s Tobacco Control Program," Journal of the American Statistical Association, American Statistical Association, American Statistical Association, vol. 105(490), pages 493-505.
  20. Hendrik P. van Dalen & Arjo Klamer, 2005. "Is Science A Case of Wasteful Competition?," Kyklos, Wiley Blackwell, Wiley Blackwell, vol. 58(3), pages 395-414, 07.
  21. Hansen, W Lee & Weisbrod, Burton A & Strauss, Robert P, 1978. "Modeling the Earnings and Research Productivity of Academic Economists," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 86(4), pages 729-41, August.
  22. James L. Medoff & Katharine G. Abraham, 1981. "Are Those Paid More Really More Productive? The Case of Experience," Journal of Human Resources, University of Wisconsin Press, vol. 16(2), pages 186-216.
  23. Ulrike Malmendier & Geoffrey Tate, 2009. "Superstar CEOs," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 124(4), pages 1593-1638, November.
  24. David W Johnston & Marco Piatti & Benno Torgler, 2012. "Citation Success Over Time: Theory or Empirics?," School of Economics and Finance Discussion Papers and Working Papers Series, School of Economics and Finance, Queensland University of Technology 284, School of Economics and Finance, Queensland University of Technology.
  25. Tuckman, Howard P & Leahey, Jack, 1975. "What Is an Article Worth?," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 83(5), pages 951-67, October.
  26. José G. Montalvo, 2011. "Voting after the Bombings: A Natural Experiment on the Effect of Terrorist Attacks on Democratic Elections," The Review of Economics and Statistics, MIT Press, vol. 93(4), pages 1146-1154, November.
  27. Tom Coupe, 2010. "Peer Review versus Citations - An Analysis of Best Paper Prizes," Discussion Papers 35, Kyiv School of Economics.
  28. Klaus Ritzberger, 2008. "A Ranking of Journals in Economics and Related Fields," German Economic Review, Verein für Socialpolitik, Verein für Socialpolitik, vol. 9, pages 402-430, November.
  29. Neckermann, Susanne & Cueni, Reto & Frey, Bruno S., 2012. "Awards at work," ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research 12-004, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  30. Nauro F Campos & Yuko Kinoshita, 2010. "Structural Reforms, Financial Liberalization, and Foreign Direct Investment," IMF Staff Papers, Palgrave Macmillan, vol. 57(2), pages 326-365, June.
  31. Nelson, Randy A, et al, 2001. "What's an Oscar Worth?," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 39(1), pages 1-16, January.
  32. C. Gavrila & J.P. Caulkins & G. Feichtinger & G. Tragler & R.F. Hartl, 2005. "Managing the reputation of an award to motivate performance," Computational Statistics, Springer, Springer, vol. 61(1), pages 1-22, 03.
  33. Holmstrom, Bengt & Milgrom, Paul, 1994. "The Firm as an Incentive System," American Economic Review, American Economic Association, American Economic Association, vol. 84(4), pages 972-91, September.
  34. Marcos Sanso‐Navarro, 2011. "The Effects on American Foreign Direct Investment in the United Kingdom from Not Adopting the Euro," Journal of Common Market Studies, Wiley Blackwell, Wiley Blackwell, vol. 49(2), pages 463-483, 03.
  35. Tommaso Nannicini & Andreas Billmeier, 2011. "Economies in Transition: How Important Is Trade Openness for Growth?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 73(3), pages 287-314, 06.
  36. Matthias Sutter & Martin G. Kocher, 2001. "Tools for Evaluating Research Output," Evaluation Review, , vol. 25(5), pages 555-566, October.
  37. Kosfeld, Michael & Neckermann, Susanne, 2010. "Getting More Work for Nothing? Symbolic Awards and Worker Performance," IZA Discussion Papers 5040, Institute for the Study of Labor (IZA).
  38. Stigler, George J & Friedland, Claire, 1975. "The Citation Practices of Doctorates in Economics," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 83(3), pages 477-507, June.
  39. Laband, David N & Piette, Michael J, 1994. "Favoritism versus Search for Good Papers: Empirical Evidence Regarding the Behavior of Journal Editors," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 102(1), pages 194-203, February.
  40. Liebowitz, S J & Palmer, J P, 1984. "Assessing the Relative Impacts of Economic Journals," Journal of Economic Literature, American Economic Association, vol. 22(1), pages 77-88, March.
  41. László Á. Kóczy & Martin Strobel, 2010. "The World Cup of Economics Journals: A Ranking by a Tournament Method," Working Paper Series, Óbuda University, Keleti Faculty of Business and Management 1011, Óbuda University, Keleti Faculty of Business and Management.
  42. Hollis, Aidan, 2001. "Co-authorship and the output of academic economists," Labour Economics, Elsevier, Elsevier, vol. 8(4), pages 503-530, September.
  43. Blair, Dudley W & Cottle, Rex L & Wallace, Myles S, 1986. "Faculty Ratings of Major Economics Departments by Citations: An Extension," American Economic Review, American Economic Association, American Economic Association, vol. 76(1), pages 264-67, March.
Full references (including those not matched with items on IDEAS)

Citations

Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Recognition stimulates productivity: no surprises there!
    by Nicholas Gruen in Club Troppo on 2013-02-17 07:38:20
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Ho Fai Chan & Benno Torgler, 2013. "The Implications Of Educational And Methodological Background For The Career Success Of Nobel Laureates: Looking At Major Awards," QuBE Working Papers, QUT Business School 017, QUT Business School.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ces:ceswps:_4419. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julio Saavedra).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.