IDEAS home Printed from https://ideas.repec.org/h/cpr/ebchap/p332-04.html
   My bibliography  Save this book chapter

Publishing and promotion in economics - The tyranny of the Top Five

In: Publishing and Measuring Success in Economics

Author

Listed:
  • James J. Heckman

    (University of Chicago)

  • Sidharth Moktan

    (LSE)

Abstract

This paper examines the relationship between placement of publications in Top Five (T5) journals and receipt of tenure in academic economics departments. Analyzing the job histories of tenure-track economists hired by the top 35 U.S. economics departments, we find that T5 publications have a powerful influence on tenure decisions and rates of transition to tenure. A survey of the perceptions of young economists supports the formal statistical analysis. Pursuit of T5 publications has become the obsession of the next generation of economists. However, the T5 screen is far from reliable. A substantial share of influential publications appear in non-T5 outlets. Reliance on the T5 to screen talent incentivizes careerism over creativity.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • James J. Heckman & Sidharth Moktan, 2020. "Publishing and promotion in economics - The tyranny of the Top Five," Vox eBook Chapters, in: Sebastian Galliani & Ugo Panizza (ed.), Publishing and Measuring Success in Economics, edition 1, volume 1, chapter 1, pages 23-32, Centre for Economic Policy Research.
  • Handle: RePEc:cpr:ebchap:p332-04
    as

    Download full text from publisher

    File URL: https://voxeu.org/system/files/epublication/Publishing_in_Economics.pdf
    Download Restriction: Vox eBooks are available to download free of charge from www.VoxEU.org
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Gustavo Manso, 2011. "Motivating Innovation," Journal of Finance, American Finance Association, vol. 66(5), pages 1823-1860, October.
    2. Kodrzycki Yolanda K. & Yu Pingkang, 2006. "New Approaches to Ranking Economics Journals," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 5(1), pages 1-44, August.
    3. Charles E. Scott & John J. Siegfried, 2019. "American Economic Association Universal Academic Questionnaire Summary Statistics," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 590-592, May.
    4. Dimitris Bertsimas & Erik Brynjolfsson & Shachar Reichman & John Silberholz, 2015. "OR Forum—Tenure Analytics: Models for Predicting Research Impact," Operations Research, INFORMS, vol. 63(6), pages 1246-1261, December.
    5. Ductor, Lorenzo & Goyal, Sanjeev & Prummer, Anja, 2021. "Gender and Collaboration," CEPR Discussion Papers 15673, C.E.P.R. Discussion Papers.
    6. Jakob Kapeller & Matthias Aistleitner & Stefan Steinerberger, 2017. "Citation Patterns in Economics and Beyond: Assessing the Peculiarities of Economics from Two Scientometric Perspectives," ICAE Working Papers 60, Johannes Kepler University, Institute for Comprehensive Analysis of the Economy.
    7. Josh Angrist & Pierre Azoulay & Glenn Ellison & Ryan Hill & Susan Feng Lu, 2020. "Inside Job or Deep Impact? Extramural Citations and the Influence of Economic Scholarship," Journal of Economic Literature, American Economic Association, vol. 58(1), pages 3-52, March.
    8. Pierre Azoulay & Joshua S. Graff Zivin & Gustavo Manso, 2011. "Incentives and creativity: evidence from the academic life sciences," RAND Journal of Economics, RAND Corporation, vol. 42(3), pages 527-554, September.
    9. Motty Perry & Philip J. Reny, 2016. "How to Count Citations If You Must," American Economic Review, American Economic Association, vol. 106(9), pages 2722-2741, September.
    10. Glenn Ellison, 2011. "Is Peer Review In Decline?," Economic Inquiry, Western Economic Association International, vol. 49(3), pages 635-657, July.
    11. Daniel S. Hamermesh, 2018. "Citations in Economics: Measurement, Uses, and Impacts," Journal of Economic Literature, American Economic Association, vol. 56(1), pages 115-156, March.
    12. Glenn Ellison, 2002. "The Slowdown of the Economics Publishing Process," Journal of Political Economy, University of Chicago Press, vol. 110(5), pages 947-993, October.
    13. John Gibson & David L. Anderson & John Tressler, 2014. "Which Journal Rankings Best Explain Academic Salaries? Evidence From The University Of California," Economic Inquiry, Western Economic Association International, vol. 52(4), pages 1322-1340, October.
    14. David Card & Stefano DellaVigna, 2013. "Nine Facts about Top Journals in Economics," Journal of Economic Literature, American Economic Association, vol. 51(1), pages 144-161, March.
    15. Kalaitzidakis, P. & Mamuneas, T.P. & Stengos, T., 2003. "Rankings of Academic Journals and Institutions," Working Papers 2003-8, University of Guelph, Department of Economics and Finance.
    16. Hadavand, Aboozar & Hamermesh, Daniel S. & Wilson, Wesley W., 2019. "Is Scholarly Refereeing Productive (at the Margin)?," IZA Discussion Papers 12866, Institute of Labor Economics (IZA).
    17. Heather Sarsons, 2017. "Recognition for Group Work: Gender Differences in Academia," American Economic Review, American Economic Association, vol. 107(5), pages 141-145, May.
    18. Holmstrom, Bengt & Milgrom, Paul, 1991. "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(0), pages 24-52, Special I.
    19. Gaines Liner & Ellen Sewell, 2009. "Research requirements for promotion and tenure at PhD granting departments of economics," Applied Economics Letters, Taylor & Francis Journals, vol. 16(8), pages 765-768.
    20. M. Fourcade & E. Ollion & Y. Algan., 2015. "The Superiority of Economists," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 7.
    21. Charles E. Scott & John J. Siegfried, 2019. "American Economic Association Universal Academic Questionnaire Summary Statistics," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 590-592, May.
    22. Kahn, Shulamit, 1993. "Gender Differences in Academic Career Paths of Economists," American Economic Review, American Economic Association, vol. 83(2), pages 52-56, May.
    23. Pierre-Philippe Combes & Laurent Linnemer, 2010. "Inferring Missing Citations: A Quantitative Multi-Criteria Ranking of all Journals in Economics," Working Papers halshs-00520325, HAL.
    24. Charles E. Scott & John J. Siegfried, 2019. "American Economic Association Universal Academic Questionnaire Summary Statistics," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 590-592, May.
    25. Marion Fourcade & Etienne Ollion & Yann Algan, 2015. "La superioridad de los economistas," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 17(33), pages 13-43, July-Dece.
    26. Charles E. Scott & John J. Siegfried, 2019. "American Economic Association Universal Academic Questionnaire Summary Statistics," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 590-592, May.
    27. Tommaso Colussi, 2018. "Social Ties in Academia: A Friend Is a Treasure," The Review of Economics and Statistics, MIT Press, vol. 100(1), pages 45-50, March.
    28. Lorenzo Ductor & Sanjeev Goyal & Anja Prummer, 2018. "Gender & Collaboration," Working Papers 856, Queen Mary University of London, School of Economics and Finance.
    29. Amanda Bayer & Cecilia Elena Rouse, 2016. "Diversity in the Economics Profession: A New Attack on an Old Problem," Journal of Economic Perspectives, American Economic Association, vol. 30(4), pages 221-242, Fall.
    30. Charles E. Scott & John J. Siegfried, 2019. "American Economic Association Universal Academic Questionnaire Summary Statistics," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 590-592, May.
    31. 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, vol. 102(1), pages 194-203, February.
    32. Charles E. Scott & John J. Siegfried, 2019. "American Economic Association Universal Academic Questionnaire Summary Statistics," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 590-592, May.
    33. Charles E. Scott & John J. Siegfried, 2019. "American Economic Association Universal Academic Questionnaire Summary Statistics," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 590-592, May.
    34. Charles E. Scott & John J. Siegfried, 2019. "American Economic Association Universal Academic Questionnaire Summary Statistics," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 590-592, May.
    35. Pantelis Kalaitzidakis & Theofanis P. Mamuneas & Thanasis Stengos, 2003. "Rankings of Academic Journals and Institutions in Economics," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1346-1366, December.
    36. Charles E. Scott & John J. Siegfried, 2019. "American Economic Association Universal Academic Questionnaire Summary Statistics," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 590-592, May.
    37. David Card & Stefano DellaVigna, 2020. "What Do Editors Maximize? Evidence from Four Economics Journals," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 195-217, March.
    38. Heather Antecol & Kelly Bedard & Jenna Stearns, 2018. "Equal but Inequitable: Who Benefits from Gender-Neutral Tenure Clock Stopping Policies?," American Economic Review, American Economic Association, vol. 108(9), pages 2420-2441, September.
    39. Charles E. Scott & John J. Siegfried, 2019. "American Economic Association Universal Academic Questionnaire Summary Statistics," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 590-592, May.
    40. Brogaard, Jonathan & Engelberg, Joseph & Parsons, Christopher A., 2014. "Networks and productivity: Causal evidence from editor rotations," Journal of Financial Economics, Elsevier, vol. 111(1), pages 251-270.
    41. Kostas Axarloglou & Vasilis Theoharakis, 2003. "Diversity in Economics: An Analysis of Journal Quality Perceptions," Journal of the European Economic Association, MIT Press, vol. 1(6), pages 1402-1423, December.
    42. Donna K. Ginther & Shulamit Kahn, 2004. "Women in Economics: Moving Up or Falling Off the Academic Career Ladder?," Journal of Economic Perspectives, American Economic Association, vol. 18(3), pages 193-214, Summer.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jishnu Das & Quy-Toan Do, 2020. "US and them - The geography of academic research," Vox eBook Chapters, in: Sebastian Galliani & Ugo Panizza (ed.), Publishing and Measuring Success in Economics, edition 1, volume 1, chapter 1, pages 111-114, Centre for Economic Policy Research.
    2. Joseph Gerald Hirschberg & Jeanette Ngaire Lye, 2020. "Grading Journals In Economics: The Abcs Of The Abdc," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 876-921, September.
    3. Daniel S. Hamermesh, 2013. "Six Decades of Top Economics Publishing: Who and How?," Journal of Economic Literature, American Economic Association, vol. 51(1), pages 162-172, March.
    4. Pedro Albarrán & Raquel Carrasco & Javier Ruiz-Castillo, 2017. "Are Migrants More Productive Than Stayers? Some Evidence From A Set Of Highly Productive Academic Economists," Economic Inquiry, Western Economic Association International, vol. 55(3), pages 1308-1323, July.
    5. Raquel Carrasco & Javier Ruiz-Castillo, 2019. "Spatial mobility in elite academic institutions in economics: the case of Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 10(2), pages 141-172, June.
    6. Muhammad Asali, 2019. "A tale of two tracks," Education Economics, Taylor & Francis Journals, vol. 27(3), pages 323-337, May.
    7. Alison F. Del Rossi & Joni Hersch, 2020. "Gender And The Consulting Academic Economist," Economic Inquiry, Western Economic Association International, vol. 58(3), pages 1200-1216, July.
    8. John J. Siegfried & Wendy A. Stock, 2004. "The Labor Market for New Ph.D.s in 2002," Vanderbilt University Department of Economics Working Papers 0401, Vanderbilt University Department of Economics.
    9. Cawley, John & Morrisey, Michael A., 2007. "The earnings of U.S. health economists," Journal of Health Economics, Elsevier, vol. 26(2), pages 358-372, March.
    10. Carrasco, Raquel & Ruiz-Castillo, Javier, 2016. "The gender productivity gap : some evidence for a set of highly productive academic economists," UC3M Working papers. Economics 23525, Universidad Carlos III de Madrid. Departamento de Economía.
    11. Terence tai-leung Chong & Cally Choi & Benjamin Everard, 2009. "Who will win the Nobel Prize?," Economics Bulletin, AccessEcon, vol. 29(2), pages 1107-1116.
    12. Qi Ge & Stephen Wu & Chenyu Zhou, 2021. "Sharing common roots: Student‐graduate committee matching and job market outcomes," Southern Economic Journal, John Wiley & Sons, vol. 88(2), pages 828-856, October.
    13. Ashraf, Nava & Bandiera, Oriana & Jack, B. Kelsey, 2014. "No margin, no mission? A field experiment on incentives for public service delivery," Journal of Public Economics, Elsevier, vol. 120(C), pages 1-17.
    14. Ronald G. Ehrenberg, 2012. "American Higher Education in Transition," Journal of Economic Perspectives, American Economic Association, vol. 26(1), pages 193-216, Winter.
    15. Brenda Spotton Visano, 2018. "From Challenging the Text to Constructing It in a Large Economics Classroom: Revealing the Not-So-Common Sense of the Capitalist Mode of Production," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(1), pages 194-204, March.
    16. T. Aldrich Finegan & Wendy A. Stock & John J. Siegfried, 2006. "Matriculation in U.S. Economics Ph.D. Programs: How Many Accepted Americans Do Not Enroll?," American Economic Review, American Economic Association, vol. 96(2), pages 453-457, May.
    17. Alan J. Auerbach & Francine D. Blau & John B. Shoven, 2004. "Panel Discussion," American Economic Review, American Economic Association, vol. 94(2), pages 286-290, May.
    18. Koffi, Marlene, 2021. "Innovative ideas and gender inequality," CLEF Working Paper Series 35, Canadian Labour Economics Forum (CLEF), University of Waterloo.
    19. Fabian Unterlass & Andreas Reinstaller & Peter Huber & Jürgen Janger & Kathrin Hranyai & Anna Strauss & Isabel Stadler, 2013. "MORE2. Remuneration Cross-Country Report (WP4) – Support for Continued Data Collection and Analysis Concerning Mobility Patterns and Career Paths of Researchers," WIFO Studies, WIFO, number 47102, September.
    20. Sebastian Galiani & Ugo Panizza, 2020. "Introduction," Vox eBook Chapters, in: Sebastian Galliani & Ugo Panizza (ed.), Publishing and Measuring Success in Economics, edition 1, volume 1, chapter 1, pages 1-7, Centre for Economic Policy Research.

    More about this item

    Keywords

    Economic Publishing; Top Five Journals;

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpr:ebchap:p332-04. 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: . General contact details of provider: https://www.cepr.org .

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (email available below). General contact details of provider: https://www.cepr.org .

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.