Publishing and Promotion in Economics: The Tyranny of the Top Five

68 Pages Posted: 16 Oct 2018 Last revised: 31 Mar 2019

See all articles by James J. Heckman

James J. Heckman

University of Chicago - Department of Economics; National Bureau of Economic Research (NBER); American Bar Foundation; Institute for the Study of Labor (IZA); CESifo (Center for Economic Studies and Ifo Institute)

Sidharth Moktan

University of Chicago

Multiple version iconThere are 3 versions of this paper

Date Written: March 19, 2019

Abstract

This paper examines the relationship between placement of publications in Top Five (T5) journals and receipt of tenure in academic economics departments. Analyzing the job histories of tenure-track economists hired by the top 35 U.S. economics departments, we find that T5 publications have a powerful influence on tenure decisions and rates of transition to tenure. A survey of the perceptions of young economists supports the formal statistical analysis. Pursuit of T5 publications has become the obsession of the next generation of economists. However, the T5 screen is far from reliable. A substantial share of influential publications appears in non-T5 outlets. Reliance on the T5 to screen talent incentivizes careerism over creativity.

Keywords: tenure and promotion practices, career concerns, economics publishing, citations

JEL Classification: A14, I23, J44, O31

Suggested Citation

Heckman, James J. and Moktan, Sidharth, Publishing and Promotion in Economics: The Tyranny of the Top Five (March 19, 2019). Institute for New Economic Thinking Working Paper Series No. 82. Available at SSRN: https://ssrn.com/abstract=3258226 or http://dx.doi.org/10.2139/ssrn.3258226

James J. Heckman (Contact Author)

University of Chicago - Department of Economics ( email )

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American Bar Foundation

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Sidharth Moktan

University of Chicago ( email )

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Chicago, IL 60637
United States

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