Fame and the Fortune of Academic Economists: How the Market Rewards Influential Research in Economics

Christiana E. Hilmer (), Michael J. Hilmer () and Michael Ransom ()
Additional contact information
Christiana E. Hilmer: San Diego State University
Michael J. Hilmer: San Diego State University

No 6960, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We analyze the pay and position of 1,009 faculty members who teach in doctoral-granting economics departments at fifty-three large public universities in the United States. Using the Web of Science, we have identified the journal articles published by these scholars and the number of times each of these articles has been subsequently cited in published research articles. We find that research influence, as measured by various measures of total citations, is a surprisingly strong predictor of the salary and the prestige of the department in which professors are employed. We also examine how coauthorship is rewarded by the market.

Keywords: academic labor markets; professor's salaries (search for similar items in EconPapers)
JEL-codes: J31 J44 (search for similar items in EconPapers)
Pages: 32 pages
Date: 2012-10
New Economics Papers: this item is included in nep-his, nep-hpe, nep-lma and nep-sog
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Published - revised version published in: Southern Economic Journal, 2015, 82(2), 430–452

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Journal Article: Fame and the fortune of academic economists: How the market rewards influential research in economics (2015)
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