Reputation and Earnings: The Roles of Quality and Quantity in Academe
Daniel S. Hamermesh
University of Texas at Austin - Department of Economics; National Bureau of Economic Research (NBER); Institute for the Study of Labor (IZA)
Gerard A. Pfann
Maastricht University; Centre for Economic Policy Research (CEPR); Institute for the Study of Labor (IZA)
Economic Inquiry, Vol. 50, Issue 1, pp. 1-16, 2012
We examine the determinants of professional reputation. Does quantity of exposures raise reputation independent of quality? Does quality of the most important exposure have extra effects on reputation? In a very large sample of academic economists, there is little evidence that a scholar's most influential work provides any extra enhancement of reputation. Quality rankings matter more than absolute quality. Quantity has a zero or even negative effect on proxies for reputation. Data on salaries, however, show positive effects of quantity independent of quality. We test explanations for the differences between the determinants of reputation and salary.
Number of Pages in PDF File: 16
JEL Classification: L14, J31
Date posted: January 6, 2012
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