Fame and the Fortune of Academic Economists: How the Market Rewards Influential Research in Economics
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Michael J. Hilmer & Michael R. Ransom & Christiana E. Hilmer, 2015. "Fame and the fortune of academic economists: How the market rewards influential research in economics," Southern Economic Journal, John Wiley & Sons, vol. 82(2), pages 430-452, October.
References listed on IDEAS
- 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 855-866, August.
- 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, July.
- John J. Siegfried & Wendy A. Stock, 2001.
"So You Want to Earn a Ph.D. in Economics?: How Long Do You Think It Will Take?,"
Journal of Human Resources, University of Wisconsin Press, vol. 36(2), pages 364-378.
- Siegfried, J.J. & Stock, W.A., 2000. "So You Want to Earn a PH.D. in Economics: How Long do you Think it Will Take?," Williams Project on the Economics of Higher Education DP-53, Department of Economics, Williams College.
- John Siegfried & Wendy A. Stock, 2000. "So You Want to Earn a Ph.D. in Economics: How Long Do You Think it Will Take?," Vanderbilt University Department of Economics Working Papers 0037, Vanderbilt University Department of Economics.
- Stock, Wendy A & Siegfried, John J, 2001. "So You Want to Earn a Ph.D. in Economics: How Much Do You Think You'll Make?," Economic Inquiry, Western Economic Association International, vol. 39(2), pages 320-335, April.
- Daniel B. Klein & Eric Chiang, 2004. "The Social Science Citation Index: A Black Box—with an Ideological Bias?," Econ Journal Watch, Econ Journal Watch, vol. 1(1), pages 134-165, April.
- Glenn Ellison, 2013.
"How Does the Market Use Citation Data? The Hirsch Index in Economics,"
American Economic Journal: Applied Economics, American Economic Association, vol. 5(3), pages 63-90, July.
- Glenn Ellison, 2010. "How Does the Market Use Citation Data? The Hirsch Index in Economics," NBER Working Papers 16419, National Bureau of Economic Research, Inc.
- Glenn Ellison, 2010. "How does the Market Use Citation Data? The Hirsch Index in Economics," CESifo Working Paper Series 3188, CESifo.
- Bernt Bratsberg & James F. Ragan Jr. & John T. Warren, 2003. "Negative Returns to Seniority: New Evidence in Academic Markets," ILR Review, Cornell University, ILR School, vol. 56(2), pages 306-323, January.
- Ransom, Michael R, 1993. "Seniority and Monopsony in the Academic Labor Market," American Economic Review, American Economic Association, vol. 83(1), pages 221-233, March.
- 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.
- Katz, David A, 1973. "Faculty Salaries, Promotion, and Productivity at a Large University," American Economic Review, American Economic Association, vol. 63(3), pages 469-477, June.
- 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.
- Barbezat, Debra A. & Donihue, Michael R., 1998. "Do faculty salaries rise with job seniority?," Economics Letters, Elsevier, vol. 58(2), pages 239-244, February.
- Tuckman, Howard P & Leahey, Jack, 1975. "What Is an Article Worth?," Journal of Political Economy, University of Chicago Press, vol. 83(5), pages 951-967, 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.
- 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 309-315, May.
- 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 410-418, October.
- 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 466-470, 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 352-366, 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.
- 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 663-671, October.
Citations
Blog mentions
As found by EconAcademics.org, the blog aggregator for Economics research:- Fame! Fortune! Markets!
by René Böheim in Econ Tidbits on 2012-11-15 13:17:00
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Gibson, John, 2014. "Returns to articles versus pages in academic publishing: Do salary-setters show ‘article illusion’?," Economics Letters, Elsevier, vol. 125(3), pages 343-346.
- Le, Thanh & Pham, Hanh & Mai, Sau & Vu, Ngoc, 2022. "Frontier academic research, industrial R&D and technological progress: The case of OECD countries," Technovation, Elsevier, vol. 114(C).
- Sparber, Chad, 2019.
"Substitution between groups of highly-educated, foreign-born, H-1B workers,"
Labour Economics, Elsevier, vol. 61(C).
- Sparber, Chad, 2018. "Substitution between Groups of Highly-Educated, Foreign-Born, H-1B Workers," IZA Discussion Papers 12028, Institute of Labor Economics (IZA).
- Michael R Ransom & Michael J. Hilmer & Christiana E. Hilmer, 2022. "Meritocracy in Academic Labor Markets: A Comparison of Three Fields," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 20(2), pages 465-481, June.
- Sebastian Hager & Carlo Schwarz & Fabian Waldinger, 2023.
"Measuring Science: Performance Metrics and the Allocation of Talent,"
Rationality and Competition Discussion Paper Series
455, CRC TRR 190 Rationality and Competition.
- Hager, Sebastian & Schwarz, Carlo & Waldinger, Fabian, 2023. "Measuring Science: Performance Metrics and the Allocation of Talent," CEPR Discussion Papers 18248, C.E.P.R. Discussion Papers.
- Hager, Sebastian & Schwarz, Carlo & Waldinger, Fabian, 2024. "Measuring Science: Performance Metrics and the Allocation of Talent," CAGE Online Working Paper Series 698, Competitive Advantage in the Global Economy (CAGE).
- David Ong & Ho Fai Chan & Benno Torgler & Yu (Alan) Yang, 2015. "Endogenous selection into single and coauthorships by surname initials in economics and management," CREMA Working Paper Series 2015-01, Center for Research in Economics, Management and the Arts (CREMA).
- David Ong & Ho Fai Chan & Benno Torgler & Yu (Alan) Yang, 2015.
"Endogenous selection into single and coauthorships by surname initials in economics and management,"
CREMA Working Paper Series
2015-01, Center for Research in Economics, Management and the Arts (CREMA).
- David Ong & Ho Fai Chan & Benno Torgler & Yu (Alan) Yang, 2015. "Endogenous selection into single and coauthorships by surname initials in economics and management," QuBE Working Papers 031, QUT Business School.
- William Luther, 2014. "Evenly rotating economy: A new modeling technique for an old equilibrium construct," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(4), pages 403-417, December.
- Jelnov, Pavel & Weiss, Yoram, 2022.
"Influence in economics and aging,"
Labour Economics, Elsevier, vol. 77(C).
- Jelnov, Pavel & Weiss, Yoram, 2020. "Influence in Economics and Aging," IZA Discussion Papers 12887, Institute of Labor Economics (IZA).
- Jelnov, Pavel & Weiss, Yoram, 2021. "Influence in Economics and Aging," GLO Discussion Paper Series 810, Global Labor Organization (GLO).
- Andrew Hussey & Sheena Murray & Wendy Stock, 2022. "Gender, coauthorship, and academic outcomes in economics," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 465-484, April.
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.- John Gibson & David L. Anderson & John Tressler, 2017.
"Citations Or Journal Quality: Which Is Rewarded More In The Academic Labor Market?,"
Economic Inquiry, Western Economic Association International, vol. 55(4), pages 1945-1965, October.
- John Gibson & David L. Anderson & John Tressler, 2015. "Citations or Journal Quality: Which is Rewarded More in the Academic Labor Market?," Working Papers in Economics 15/13, University of Waikato.
- Michael R Ransom & Michael J. Hilmer & Christiana E. Hilmer, 2022. "Meritocracy in Academic Labor Markets: A Comparison of Three Fields," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 20(2), pages 465-481, June.
- 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.
- Hamermesh, Daniel S., 2015. "Citations in Economics: Measurement, Uses and Impacts," IZA Discussion Papers 9593, Institute of Labor Economics (IZA).
- Daniel S. Hamermesh, 2015. "Citations in Economics: Measurement, Uses and Impacts," NBER Working Papers 21754, National Bureau of Economic Research, Inc.
- Yifei Lyu & Alexis Akira Toda, 2019. "Publications, Citations, Position, and Compensation of Economics Professors," Econ Journal Watch, Econ Journal Watch, vol. 16(2), pages 239–257-2, September.
- Vikas Mittal & Lawrence Feick & Feisal Murshed, 2008. "Publish and Prosper: The Financial Impact of Publishing by Marketing Faculty," Marketing Science, INFORMS, vol. 27(3), pages 430-442, 05-06.
- Michael J. Hilmer & Christiana E. Hilmer, 2009. "Fishes, Ponds, And Productivity: Student‐Advisor Matching And Early Career Publishing Success For Economics Phds," Economic Inquiry, Western Economic Association International, vol. 47(2), pages 290-303, April.
- Ragan Jr, James F. & Warren, John T. & Bratsberg, Bernt, 1999. "How similar are pay structures in 'similar' departments of economics?," Economics of Education Review, Elsevier, vol. 18(3), pages 347-360, June.
- João Ricardo Faria & Franklin G. Mixon, 2021. "The Marginal Impact of a Publication on Citations, and Its Effect on Academic Pay," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(9), pages 8217-8226, September.
- Hilmer, Christiana E. & Hilmer, Michael J., 2020. "On the labor market for full-time non-tenure-track lecturers in economics," Economics of Education Review, Elsevier, vol. 78(C).
- 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, July.
- Christiana Hilmer & Michael Hilmer, 2010. "Do Public Ph.D.-Granting Economics Departments Invert Salaries?," Economics Bulletin, AccessEcon, vol. 30(2), pages 924-932.
- Hilmer, Christiana E. & Hilmer, Michael J., 2004. "On The Return To Journal Quality, Coauthorship And Author Order Within Top Ranked Agricultural Economics Programs," 2004 Annual meeting, August 1-4, Denver, CO 20179, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- William J. Moore & Robert J. Newman & Dek Terrell, 2007. "Academic Pay in the United Kingdom and the United States: The Differential Returns to Productivity and the Lifetime Earnings Gap," Southern Economic Journal, John Wiley & Sons, vol. 73(3), pages 717-732, January.
- 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 352-366, April.
- Barbezat, Debra A., 2004. "Revisiting the seniority wage effect for faculty," Economics Letters, Elsevier, vol. 82(2), pages 289-294, February.
- Wendy A. Stock & John J. Siegfried, 2006.
"Where Are They Now? Tracking the Ph.D. Class of 1997,"
Southern Economic Journal, John Wiley & Sons, vol. 73(2), pages 472-488, October.
- Wendy A. Stock & John J. Siegfried, 2006. "Where are they Now? Tracking the Ph.D. Class of 1997," Vanderbilt University Department of Economics Working Papers 0605, Vanderbilt University Department of Economics.
- Christiana E. Hilmer & Michael J. Hilmer, 2022. "Insights from a decade in the life of public Ph.D.‐granting agricultural economics departments," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 44(4), pages 2049-2063, December.
- Jinyoung Kim & Kanghyock Koh, 2014.
"Incentives for Journal Editors,"
Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 47(1), pages 348-371, February.
- Jinyoung Kim & Kanghyock Koh, 2014. "Incentives for Journal Editors," Canadian Journal of Economics, Canadian Economics Association, vol. 47(1), pages 348-371, February.
- 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.
- John Gibson & David L. Anderson & John Tressler, 2012. "Which Journal Rankings Best Explain Academic Salaries? Evidence from the University of California," Working Papers in Economics 12/10, University of Waikato.
- David L. Anderson & John Tressler, 2011.
"Ranking Economics Departments In Terms Of Residual Productivity: New Zealand Economics Departments, 2000–2006,"
Australian Economic Papers, Wiley Blackwell, vol. 50(4), pages 157-168, December.
- David L. Anderson & John Tressler, 2009. "Ranking Economics Departments in Terms of Residual Productivity: New Zealand Economics Departments, 2000-2006," Working Papers in Economics 09/03, University of Waikato, revised 05 Sep 2011.
More about this item
Keywords
academic labor markets; professor's salaries;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
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HIS-2012-11-11 (Business, Economic and Financial History)
- NEP-HPE-2012-11-11 (History and Philosophy of Economics)
- NEP-LMA-2012-11-11 (Labor Markets - Supply, Demand, and Wages)
- NEP-SOG-2012-11-11 (Sociology of Economics)
Statistics
Access and download statisticsCorrections
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:iza:izadps:dp6960. See general information about how to correct material in RePEc.
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: Holger Hinte (email available below). General contact details of provider: https://edirc.repec.org/data/izaaade.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.