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What Explains Differences in Finance Research Productivity during the Pandemic?

Author

Listed:
  • Barber, Brad M.

    (U of California, Davis)

  • Jiang, Wei

    (Columbia U and ECGI)

  • Morse, Adair

    (U of California, Berkeley)

  • Puri, Manju

    (Duke U)

  • Tookes, Heather

    (Yale U)

  • Werner, Ingrid M.

    (Ohio State U)

Abstract

How has COVID-19 impacted faculty productivity? Does it differ by characteristics such as gender and family structure? To answer these questions, we conduct a survey of American Finance Association (AFA) members. Overall, faculty respondents report lower research productivity with less time allocated to research and more time allocated to teaching. There is also heterogeneity: 14.5% of respondents report an increase in productivity. We find the negative effects on research productivity are particularly large for women and faculty with young children regardless of gender. Thus, the pandemic has the effect of widening the gender gap for women and creates a "family gap" in productivity for both men and women with young children. Lower research productivity for faculty with young children is explained, to a large extent, by increased time spent on childcare. Our results suggest the need for deliberate policy to factor in these underlying mechanisms. We caution that a one-size-fits-all tenure-clock extension can have unintended negative consequences of increasing disparity.

Suggested Citation

  • Barber, Brad M. & Jiang, Wei & Morse, Adair & Puri, Manju & Tookes, Heather & Werner, Ingrid M., 2020. "What Explains Differences in Finance Research Productivity during the Pandemic?," Working Paper Series 2020-31, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    • Handle: RePEc:ecl:ohidic:2020-31
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    8. Stijn Van Nieuwerburgh, 2023. "The remote work revolution: Impact on real estate values and the urban environment: 2023 AREUEA Presidential Address," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 51(1), pages 7-48, January.
    9. Agarwal, Vikas & Jiang, Wei & Luo, Yuchen & Zou, Hong, 2023. "The real effect of sociopolitical racial animus: Mutual fund manager performance during the AAPI Hate," CFR Working Papers 23-05, University of Cologne, Centre for Financial Research (CFR).
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    More about this item

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate
    • G0 - Financial Economics - - General
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J44 - Labor and Demographic Economics - - Particular Labor Markets - - - Professional Labor Markets and Occupations

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