By: |
Daniele Checchi (University of Milan and IZA);
Gianni De Fraja (DEF and CEIS, Università di Roma "Tor Vergata" and Nottingham School of Economics);
Stefano Verzillo (Department of Economics, University of Milan) |
Abstract: |
We derive a theoretical model of effort in the presence of career concern
based on the multi-unit all-pay auction, and closely inspired by the Italian
academic market. In this model, the number of applicants, the number of new
posts, and the relative importance of the determinants of promotion determine
academics' effort. Because of the specific characteristics of Italian
universities, where incentives operate only through promotion, and where all
appointment panels are drawn from strictly separated and relatively narrow
scientific sectors, the model fits well Italian academia, and we test it in a
newly constructed dataset which collects the journal publications of all
Italian academics working in universities. We find that individual researchers
respond to incentives in the manner predicted by the theoretical model: more
capable researchers respond to increases in the importance of the measurable
determinants of promotion and in the competitiveness of the scientific sector
by exerting more effort; less able researchers do the opposite. |
Keywords: |
Career concerns, Applied auction theory, Publications, Academic job market, Nepotism. |
JEL: |
D44 I23 I21 M51 |
Date: |
2014–08–07 |
URL: |
http://d.repec.org/n?u=RePEc:rtv:ceisrp:323&r=sog |