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Does The John Bates Clark Medal Boost Subsequent Productivity And Citation Success?

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Listed:
  • 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 nonrecipient scholars with similar previous research performance. We find evidence of positive incentive and status effects that raise both productivity and citation levels.

Suggested Citation

  • Ho Fai Chan & Bruno S. Frey & Jana Gallus & Benno Torgler, 2013. "Does The John Bates Clark Medal Boost Subsequent Productivity And Citation Success?," QuBE Working Papers 004, QUT Business School.
  • Handle: RePEc:qut:qubewp:wp004
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    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 13:38:20

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    Cited by:

    1. George J. Borjas & Kirk B. Doran, 2015. "Prizes and Productivity: How Winning the Fields Medal Affects Scientific Output," Journal of Human Resources, University of Wisconsin Press, vol. 50(3), pages 728-758.
    2. 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 017, QUT Business School.
    3. David Barrett, 2018. "An Honours System for Ireland," Working Papers 201824, Geary Institute, University College Dublin.
    4. Chan, Ho Fai & Frey, Bruno S. & Gallus, Jana & Torgler, Benno, 2014. "Academic honors and performance," Labour Economics, Elsevier, vol. 31(C), pages 188-204.
    5. Rogge, Jan-Christoph, 2015. "The winner takes it all? Die Zukunftsperspektiven des wissenschaftlichen Mittelbaus auf dem akademischen Quasi-Markt," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 685-707.
    6. Cherrier, Beatrice & Svorenčík, Andrej, 2017. "Defining Excellence: 70 Years of John Bates Clark Medals," SocArXiv bacmj, Center for Open Science.

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    More about this item

    Keywords

    Awards; Incentives; Research; John Bates Clark Medal; Synthetic control method;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects

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