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Econometric Fellows and Nobel Laureates in Economics

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  • Ho Fai Chan
  • Benno Torgler

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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Paper provided by Center for Research in Economics, Management and the Arts (CREMA) in its series CREMA Working Paper Series with number 2012-13.

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Date of creation: Aug 2012
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Handle: RePEc:cra:wpaper:2012-13

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

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  1. Bruno S. Frey & Susanne Neckermann, 2008. "Awards in Economics - Towards a New Field of Inquiry," CREMA Working Paper Series 2008-33, Center for Research in Economics, Management and the Arts (CREMA).
  2. Benno Torgler & Marco Piatti, 2011. "A Century of American Economic Review," School of Economics and Finance Discussion Papers and Working Papers Series 266, School of Economics and Finance, Queensland University of Technology.
  3. Bruno S. Frey & Susanne Neckermann, 2008. "Academics Appreciate Awards. A New Aspect of Incentives in Research," CREMA Working Paper Series 2008-32, Center for Research in Economics, Management and the Arts (CREMA).
  4. Robert J. Gordon, 1997. "What is the Econometric Society? History, Organization, and Basic Procedures," Econometrica, Econometric Society, vol. 65(6), pages 1443-1452, November.
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