ERIC Number: ED507266
Record Type: Non-Journal
Publication Date: 2009-Nov
Abstractor: As Provided
Reference Count: 0
Markets for Reputation: Evidence on Quality and Quantity in Academe. NBER Working Paper No. 15527
Hamermesh, Daniel S.; Pfann, Gerard A.
National Bureau of Economic Research
We develop a theory of the market for individual reputation, an indicator of regard by one's peers and others. The central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that overall quality matters for reputation, does the quality of an individual's most important exposure have an extra effect on reputation? Using evidence for academic economists, we find that, conditional on its impact, the quantity of output has no or even a negative effect on each of a number of proxies for reputation, and very little evidence that a scholar's most influential work provides any extra enhancement of reputation. Quality ranking matters more than absolute quality. Data on mobility and salaries show, on the contrary, substantial positive effects of quantity, independent of quality. We test various explanations for the differences between the determinants of reputation and salary.
Descriptors: Reputation, Intellectual Disciplines, Economics, Scholarship, Academic Discourse, Writing for Publication, Peer Evaluation, Statistical Analysis, College Faculty, Faculty Mobility, Salaries
National Bureau of Economic Research. 1050 Massachusetts Avenue, Cambridge, MA 02138-5398. Tel: 617-588-0343; Web site: http://www.nber.org
Publication Type: Reports - Evaluative
Education Level: Higher Education
Authoring Institution: National Bureau of Economic Research