Prizes and Productivity: How Winning the Fields Medal Affects Scientific Output

George J. Borjas, Kirk B. Doran

NBER Working Paper No. 19445
Issued in September 2013, Revised in May 2014
NBER Program(s):The Labor Studies Program

Knowledge generation is key to economic growth, and scientific prizes are designed to encourage it. But how does winning a prestigious prize affect future output? We compare the productivity of Fields medalists (winners of the top mathematics prize) to that of similarly brilliant contenders. The two groups have similar publication rates until the award year, after which the winners' productivity declines. The medalists begin to "play the field," studying unfamiliar topics at the expense of writing papers. It appears that tournaments can have large post-prize effects on the effort allocation of knowledge producers.

A non-technical summary of this paper is available in the March 2014 NBER Digest.  You can sign up to receive the NBER Digest by email.

Acknowledgments

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w19445

Published: George J. Borjas & Kirk B. Doran, 2015. "Prizes and Productivity: How Winning the Fields Medal Affects Scientific Output," Journal of Human Resources, University of Wisconsin Press, vol. 50(3), pages 728-758. citation courtesy of

Users who downloaded this paper also downloaded* these: