Does the John Bates Clark Medal Boost Subsequent Productivity and Citation Success?

University of Zurich, Department of Economics Working Paper Series Paper No. 111

44 Pages Posted: 27 Feb 2013

See all articles by Ho Fai Chan

Ho Fai Chan

Queensland University of Technology - School of Economics and Finance

Bruno S. Frey

CREMA; University of Basel

Jana Gallus

UCLA Anderson

Benno Torgler

Queensland University of Technology; CREMA; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Multiple version iconThere are 2 versions of this paper

Date Written: February 1, 2013

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 nonrecipient scholars with similar previous research performance. We find evidence of positive incentive and status effects that raise both productivity and citation levels.

Keywords: Awards, Incentives, Research, John Bates Clark Medal, Synthetic control method

JEL Classification: A13, C23, M52

Suggested Citation

Chan, Ho Fai and Frey, Bruno S. and Gallus, Jana and Torgler, Benno, Does the John Bates Clark Medal Boost Subsequent Productivity and Citation Success? (February 1, 2013). University of Zurich, Department of Economics Working Paper Series Paper No. 111. Available at SSRN: https://ssrn.com/abstract=2216732 or http://dx.doi.org/10.2139/ssrn.2216732

Ho Fai Chan (Contact Author)

Queensland University of Technology - School of Economics and Finance ( email )

2 George Street
Brisbane, Queensland 4000
Australia

Bruno S. Frey

CREMA ( email )

SĂĽdstrasse 11
Zurich, CH 8008
Switzerland
+41 44 380 00 78 (Phone)

University of Basel ( email )

Peter Merian-Weg 6
Basel, 4002
Switzerland

Jana Gallus

UCLA Anderson ( email )

110 Westwood Plaza
Los Angeles, CA 90095-1481
United States

HOME PAGE: http://www.janagallus.com/

Benno Torgler

Queensland University of Technology ( email )

GPO Box 2434
2 George Street
Brisbane, Queensland 4001
Australia

CREMA

Gellertstrasse 18
Basel
Zurich, CH 8006
Switzerland

CESifo (Center for Economic Studies and Ifo Institute for Economic Research)

Poschinger Str. 5
Munich, DE-81679
Germany

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