The Value of Peripatetic Economists: A Sesqui-Difference Evaluation of Bob Gregory

Daniel S. Hamermesh

NBER Working Paper No. 11453
Issued in July 2005
NBER Program(s):Labor Studies

I ask generally whether a country can benefit from the temporary importation of human capital, and specifically whether a program that attracts large groups of academic visitors to a distant country benefits it by generating additional scholarly research on local issues. Using the list of visitors to the ANU Research School's Economics Program, I estimate this impact from responses to a survey in which visitors described their research before and after their visit and designated as a"control person" another economist who had a similar career but had not visited. The matching of the control may be viewed as being along both observable and (to the researcher) unobservable characteristics of the "treated" and control individuals. The results show a highly significant ceteris paribus impact of such visits on the visitor's subsequent research. Valuing this extra research based on the scholarly citations it received and the effects of citations on salaries shows a substantial monetary impact of visiting economists. Less tangible additional impacts in terms of research style also clearly result.

download in pdf format
   (240 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w11453

Published: "The Value of Peripatetic Economists: A Sesqui-Difference Evaluation of Bob Gregory" Hamermesh, Daniel S.; Economic Record, June 2006, v. 82, iss. 257, pp. 138-49 citation courtesy of

Users who downloaded this paper also downloaded* these:
Clotfelter Charitable Giving Behavior and the Evaluation of Tax Policy
MacLeod and Urquiola w15112 Anti-Lemons: School Reputation and Educational Quality
Janeba and Schjelderup w9334 Why Europe Should Love Tax Competition - and the U.S. Even More So
Ingram, Kain, and Ginn Appendix B: The Choice of Housing Types Made by San Francisco Households
Morck, Percy, Tian, and Yeung w10635 The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada
NBER Videos

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email:

Contact Us