Does the Lack of a Profit Motive Affect Hiring in Academe? Evidence from the Market for Lawyers
Bibliographic Data
| ID | 2824802 |
|---|---|
| Authors | Rex J Pjesky, Rex Pjesky (West Texas A&M University, corresponding author), Daniel Sutter (Troy University, corresponding author) |
| Year | 2011 |
| Volume | 70 |
| Issue | 4 |
| Pages | 1053-1084 |
| Publication date | 2011-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.2011.00799.x |
| OpenAlex | W1507072024 |
| Language | EN |
| Citations received | 1 |
| References cited | 24 |
The comparative performance of academic and economic markets continues to be debated. One factor potentially distinguishing academic markets is the profit motive. Profit and competition have been shown to curb discrimination in markets, and the absence of profit discipline could result in myriad forms of prejudice in academic hiring. We explore the role of the profit motive in the performance of academic markets by comparing the pedigree of employees of top law schools and top law firms. Top law schools are much more likely to employ graduates of top ranked law schools than elite law firms, and the difference exists at both the junior and senior levels. We find no evidence that the graduates of top 5 law schools outperform grads of less prestigious schools in publications or citations. In the absence of a profit motive, academic hiring appears more likely to indulge a preference for pedigree, and by implication, this may explain other scholarly prejudices in the academy
Affect (linguistics) · Classical economics · Demographic economics · Economics · Elite · For profit · Labour economics · Microeconomics · Political science · Prejudice (legal term) · Profit (economics) · Academic Freedom and Politics · Auditing, Earnings Management, Governance · Law · Legal Education and Practice Innovations · Psychology
Tournament of lawyers
The Economics of Discrimination
Politics and Professional Advancement Among College Faculty
Publishing, ranking, and the future of heterodox economics
Does Academic Publishing Pass the Real Market Test
The Republic of science
Favoritism versus Search for Good Papers
Professors and their politics
Faculty partisan affiliations in all disciplines
The Academic Caste System
Austrian Economics, Neoclassicism, and the Market Test
Does the Lack of a Profit Motive Affect Hiring in Academe? Evidence from the Market for Lawyers
The Market, the Firm, and the Economics Profession
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,07 |
| Citation span | 2011 - 2011 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |