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Does the John Bates Clark Medal boost subsequent productivity and citation success?

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  • 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?," ECON - Working Papers 111, Department of Economics - University of Zurich.
  • Handle: RePEc:zur:econwp:111
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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. Chan, Ho Fai & Frey, Bruno S. & Gallus, Jana & Torgler, Benno, 2014. "Academic honors and performance," Labour Economics, Elsevier, vol. 31(C), pages 188-204.
    3. 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.
    4. repec:zbw:espost:168652 is not listed on IDEAS

    More about this item

    Keywords

    Awards; incentives; research; John Bates Clark Medal; synthetic control method;

    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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