Fame and the Fortune of Academic Economists: How the Market Rewards Influential Research in Economics
AbstractWe analyze the pay and position of 1,009 faculty members who teach in doctoral-granting economics departments at fifty-three large public universities in the United States. Using the Web of Science, we have identified the journal articles published by these scholars and the number of times each of these articles has been subsequently cited in published research articles. We find that research influence, as measured by various measures of total citations, is a surprisingly strong predictor of the salary and the prestige of the department in which professors are employed. We also examine how coauthorship is rewarded by the market.
Download InfoIf 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.
Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 6960.
Length: 32 pages
Date of creation: Oct 2012
Date of revision:
Contact details of provider:
Postal: IZA, P.O. Box 7240, D-53072 Bonn, Germany
Phone: +49 228 3894 223
Fax: +49 228 3894 180
Web page: http://www.iza.org
Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany
Find related papers by JEL classification:
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-11-11 (All new papers)
- NEP-HIS-2012-11-11 (Business, Economic & Financial History)
- NEP-HPE-2012-11-11 (History & Philosophy of Economics)
- NEP-LMA-2012-11-11 (Labor Markets - Supply, Demand, & Wages)
- NEP-SOG-2012-11-11 (Sociology of Economics)
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.:
- Bernt Bratsberg & James F. Ragan & John T. Warren, 2010. "Does Raiding Explain The Negative Returns To Faculty Seniority?," Economic Inquiry, Western Economic Association International, vol. 48(3), pages 704-721, 07.
- Siegfried, John J & White, Kenneth J, 1973. "Financial Rewards to Research and Teaching: A Case Study of Academic Economists," American Economic Review, American Economic Association, vol. 63(2), pages 309-15, May.
- Barbezat, Debra A. & Donihue, Michael R., 1998. "Do faculty salaries rise with job seniority?," Economics Letters, Elsevier, vol. 58(2), pages 239-244, February.
- James Monks & Michael Robinson, 2001. "The Returns to Seniority in Academic Labor Markets," Journal of Labor Research, Transaction Publishers, vol. 22(2), pages 415-427, April.
- Arthur M. Diamond Jr., 1986. "What is a Citation Worth?," Journal of Human Resources, University of Wisconsin Press, vol. 21(2), pages 200-215.
- Daniel B. Klein & Eric Chiang, 2004. "The Social Science Citation Index: A Black Boxâ€”with an Ideological Bias?," Econ Journal Watch, Econ Journal Watch, vol. 1(1), pages 134-165, April.
- Tuckman, Howard P & Leahey, Jack, 1975. "What Is an Article Worth?," Journal of Political Economy, University of Chicago Press, vol. 83(5), pages 951-67, October.
- Holtmann, A G & Bayer, Alan E, 1970. "Determinants of Professional Income Among Recent Recipients of Natural Science Doctorates," The Journal of Business, University of Chicago Press, vol. 43(4), pages 410-18, October.
- Sauer, Raymond D, 1988. "Estimates of the Returns to Quality and Coauthorship in Economic Academia," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 855-66, August.
- Michael J. Hilmer & Christiana E. Hilmer, 2011. "Negative Returns to Seniority and Job Mobility across the Program Quality Distribution: Are Top Public PhD-Granting Programs Different?," American Economic Review, American Economic Association, vol. 101(3), pages 466-70, May.
- Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 1998. "Do Academic Salaries Decline with Seniority?," Journal of Labor Economics, University of Chicago Press, vol. 16(2), pages 352-66, April.
- Ransom, Michael R, 1993. "Seniority and Monopsony in the Academic Labor Market," American Economic Review, American Economic Association, vol. 83(1), pages 221-33, March.
- Bernt Bratsberg & James F. Ragan & Jr & John T. Warren, 2003. "Negative returns to seniority: New evidence in academic markets," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 56(2), pages 306-323, January.
- Moore, William J & Newman, Robert J & Turnbull, Geoffrey K, 2001. "Reputational Capital and Academic Pay," Economic Inquiry, Western Economic Association International, vol. 39(4), pages 663-71, October.
- Tuckman, Howard P & Gapinski, James H & Hagemann, Robert P, 1977. "Faculty Skills and the Salary Structure in Academe: A Market Perspective," American Economic Review, American Economic Association, vol. 67(4), pages 692-702, September.
- Scott, Loren C & Mitias, Peter M, 1996. "Trends in Rankings of Economics Departments in the U.S.: An Update," Economic Inquiry, Western Economic Association International, vol. 34(2), pages 378-400, April.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:reading list or among the top items on IDEAS.Access and download statisticsgeneral 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: (Mark Fallak).
If references are entirely missing, you can add them using this form.