Two of the highest economics journals have institutional ties to a selected college, the Quarterly Journal of Economics (QJE) to Harvard College and the Journal of Political Financial system (JPE) to the College of Chicago. Researchers from Harvard, but additionally close by Massachusetts Institute of Know-how (MIT), and from Chicago (co-)creator a disproportionate share of articles of their respective residence journal. Such residence ties and publication bias might hurt, but additionally profit, article high quality. We research this query in a difference-in-differences framework, utilizing knowledge on each present and previous creator affiliations and cumulative quotation counts for articles revealed between 1995 and 2015 within the QJE, JPE, and American Financial Evaluation (AER), which serves as a benchmark. We discover that median article high quality is decrease within the QJE if authors have ties to Harvard and/or MIT than if authors are from different top-10 universities, however larger within the JPE if authors have ties to Chicago. We additionally discover that residence ties matter for the chances of journals to publish extremely influential and low impression papers. Once more, the JPE seems to learn, if something, from its residence ties, whereas the QJE doesn’t.
That’s from a brand new paper by Dirk Bethmann, Felix Bransch, Michael Kvasnicka, and Abdolkarim Sadrieh.