A top economics journal publication raised salaries by roughly 4 percent in the 1980s.
Evidence
- “[There] seems little evidence of the `publish or perish’ syndrome in this area [finance] before 1960” (Whitley 1986b, p. 173). Regression-based analysis of the determinants of academic economists’ salaries found that in the 1980s “a publication in the top journal was worth an increase in salary of $1602,” an amount equivalent to roughly 4 percent of the average salary of an academic economist in the period (Colander 1989, p. 143, drawing on Sauer 1998). The top journal identified by Sauer was the Journal of Political Economy; other studies suggest that the American Economic Review held first rank (Grubel and Boland 1986, p. 425). — Donald MacKenzie, An Engine, Not a Camera, 1628