nep-sog New Economics Papers
on Sociology of Economics
Issue of 2005‒12‒01
one paper chosen by
Jonas Holmström
Swedish School of Economics and Business Administration

  1. Creative Careers: The Life Cycles of Nobel Laureates in Economics By Bruce A. Weinberg; David W. Galenson

  1. By: Bruce A. Weinberg; David W. Galenson
    Abstract: This paper studies life cycle creativity among Nobel laureate economists using citation data. We identify two distinct life cycles of scholarly creativity. Experimental innovators work inductively, accumulating knowledge from experience. Conceptual innovators work deductively, applying abstract principles. We find that conceptual innovators do their most important work earlier in their careers than experimental laureates. For instance, 75% of the most extreme conceptual laureates published their single best work in the first 10 years of their career, while none of the experimental laureates did. Thus while experience benefits experimental innovators, newness to a field benefits conceptual innovators.
    JEL: J24 O30 B31
    Date: 2005–11

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