Do the best scholars attract the highest speaking fees? An exploration of internal and external influence

Chan, Ho Fai; Frey, Bruno S.; Gallus, Jana; Schaffner, Markus; Torgler, Benno; Whyte, Stephen

doi:10.1007/s11192-014-1379-3

Cited by 15 publications

(24 citation statements)

References 62 publications

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“…The only aspects of value about awards may be considered to be the ancillary income. It has been empirically shown, for instance, that recipients financially profit from having been awarded a major book prize (Chan et al ., ; Ponzo and Scoppa, ). Awards can also improve the health of their recipients.…”

Section: The Academic Study Of Awardsmentioning

confidence: 98%

“…Chan et al . () use the synthetic control method (Abadie and Gardeazabal, ) to construct a control group for every award winner that mirrors his or her performance and career path before the award conferral. Comparing the winners' subsequent academic performance trajectory to that of the control group, which represents the counterfactual scenario of no award receipt, allows identifying whether winning the award raised research productivity and professional status.…”

Section: Effects Of Awardsmentioning

confidence: 99%

“…The second award investigated by Chan et al . () is the election to Econometric Society Fellowship . Similar to Clark Medallists, scholars become Fellows relatively early in their career (about 15 years after their PhD).…”

Section: Effects Of Awardsmentioning

confidence: 99%

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Towards an Economics of Awards

Frey

Gallus

2015

Journal of Economic Surveys

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105

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Awards are a widespread phenomenon. They cater to the fundamental desire for social recognition and serve as a valuable incentive to influence behaviour. The study of awards such as medals, prizes and titles has in recent years gained momentum in economics, complementing the longstanding focus on material incentives. To evaluate the effectiveness of awards as a motivator is difficult as the effect of awards must be separated from the fact that awards are meant to be given to the best. We show how research on awards has advanced over the last couple of years, thus providing points of departure for future work.There are an enormous number of awards adorning people's chests and organizations' entry halls. They range from orders and crosses bequeathed by heads of state, to decorations handed out by the military, and to many different other prizes and titles bequeathed by all sorts of organizations in the for-profit and nonprofit sectors. It would be difficult to find an area of society in which awards are not employed. State orders and decorationsAll countries around the world (with the exception of Switzerland) know the institution of official awards in the form of state orders and crosses

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Section: The Academic Study Of Awardsmentioning

confidence: 98%

Section: Effects Of Awardsmentioning

confidence: 99%

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Towards an Economics of Awards

Frey

Gallus

2015

Journal of Economic Surveys

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105

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“…Using Clark Medalists and newly elected Econometric Society Fellows, Chan et al (2014a) estimate double-differences between them and arguably comparable economists pre-and post-selection/election. The awardees/winners generate more and better subsequent citations than the control group, and even more citations per publication.…”

Section: Judging Editorial and Committee Decisions By Subsequent Citamentioning

confidence: 99%

Citations In Economics: Measurement, Uses, and Impacts

Hamermesh

2018

Journal of Economic Literature

148

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I describe and compare sources of data on citations in economics and the statistics derived from them. Constructing data sets of the post-publication citation histories of articles published in the “top five” journals in the 1970s and 2000s, I examine distributions and life cycles of citations, compare citation histories of articles in different subspecialties in economics, and present evidence on the history and heterogeneity of those journals' impacts and the marginal citation productivity of additional coauthors. I use a new data set of the lifetime citation histories of over 1,000 economists from thirty universities to rank economics departments by various measures and demonstrate the importance of intra- and interdepartmental heterogeneity in productivity. Throughout, the discussion summarizes earlier work, including the impacts of citations on salaries and nonmonetary rewards, and how citations reflect judgments about research quality in economics and the importance of economic ideas. (JEL A14, I23)

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“…2 1 For a quantitative analysis of the outside dimension, see Whyte (2013, 2014). 2 For more recent studies, see Watts and Gilbert (2011) for an agent-based simulation, and Azoulay et al (2014) and Chan, Frey, Gallus and Torgler (2014a) for the citation patterns of papers published before the bestowal of an award. Although both these latter construct synthetic counterfactuals with the same preaward citation structure, Azoulay et al (2014) observe only a small citation boost over a short period because of the award, while Chan, Frey, Gallus and Torgler (2014b) observe a very large and long-lasting effect.…”

Section: Introductionmentioning

confidence: 99%

The inner quality of an article: Will time tell?

et al. 2015

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In this paper, we assess whether quality survives the test of time in academia by comparing up to 80 years of academic journal article citations from two top journals, Econometrica and the American Economic Review. The research setting under analysis is analogous to a controlled real world experiment in that it involves a homogeneous task (trying to publish in top journals) by individuals with a homogenous job profile (academics) in a specific research environment (economics and econometrics). Comparing articles published concurrently in the same outlet at the same time (same issue) indicates that symbolic capital or power due to institutional affiliation or connection does seem to boost citation success at the beginning, giving those educated at or affiliated with leading universities an initial comparative advantage. Such advantage, however, does not hold in the long run: at a later stage, the publications of other researchers become as or even more successful.

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Do the best scholars attract the highest speaking fees? An exploration of internal and external influence

Cited by 15 publications

References 62 publications

Towards an Economics of Awards

Towards an Economics of Awards

Citations In Economics: Measurement, Uses, and Impacts

The inner quality of an article: Will time tell?

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