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REPUTATION AND EARNINGS: THE ROLES OF QUALITY AND QUANTITY IN ACADEME

Authors

  • DANIEL S. HAMERMESH,

    1. Hamermesh: Sue Killam Professor in the Foundations of Economics, University of Texas at Austin, and Professor of Labor Economics, Maastricht University, IZA and NBER. Phone 001 512 475-8526, Fax 001 512 471-3510, E-mail hamermes@eco.utexas.edu
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  • GERARD A. PFANN

    1. Pfann: Professor of Econometrics and Organization, Maastricht University, CEPR and IZA. Phone 0031 43 388-3832, Fax 0031 43 388-4856, E-mail g.pfann@maastrichtuniversity.nl
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    • We thank Randall Akee, Jason Faberman, Mark Harrison, Ken Hendricks, Andrea Ichino, Lawrence Kahn, Arthur Markman, Gerald Oettinger, James Pennebaker, the late James Ragan, Joe Stone, Mark Walker, two referees, and participants in seminars at several universities and IZA. Karen Mulligan and Amanda Smith provided very careful research assistance.


Abstract

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. (JEL L14, J31)

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