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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 non-recipient 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?," CESifo Working Paper Series 4419, CESifo.
    • Handle: RePEc:ces:ceswps:_4419
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    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:

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    2. 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, vol. 67(4), pages 685-707.
    3. Cherrier, Beatrice & Svorenčík, Andrej, 2017. "Defining Excellence: 70 Years of John Bates Clark Medals," SocArXiv bacmj_v1, Center for Open Science.
    4. Shiyun Wang & Yaxue Ma & Jin Mao & Yun Bai & Zhentao Liang & Gang Li, 2023. "Quantifying scientific breakthroughs by a novel disruption indicator based on knowledge entities," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 74(2), pages 150-167, February.
    5. Ho Fai Chan & Benno Torgler, 2013. "The Implications of Educational and Methodological Background for The Career Success of Nobel Laureates: Looking at Major Awards," CREMA Working Paper Series 2013-13, Center for Research in Economics, Management and the Arts (CREMA).
    6. Chan, Ho Fai & Frey, Bruno S. & Gallus, Jana & Torgler, Benno, 2014. "Academic honors and performance," Labour Economics, Elsevier, vol. 31(C), pages 188-204.
    7. David Barrett, 2018. "An Honours System for Ireland," Working Papers 201824, Geary Institute, University College Dublin.

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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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