Notes: Publications exclude notes, comments, announcements, and Papers and Proceedings. Approximately 5% of first revisions are rejected; 25% of first revisions are sent for a second revision; and 3 papers last year had a third revision requested. Only The American Economic Review has increased the number of articles published today relative to the late 1970s, from about 100 per year to around 125 per year. which take into account article downloads and abstract views in addition to citations. Introduction As in previous years, I note that the impact factors of 2 to 4 indicate very low numbers of citations, which reflect the long time lags for publishing in economics. Figure 3. Currently, the QJE is the most selective of the top‐5 journals, with an acceptance rate of around 3%, followed by the JPE and RES, with acceptance rates of around 5%. In contrast to the impact factors, I look at. The standard impact factor is the mean number of citations in the last year of papers published in the journal in the past 2 years, while the 5-year is the mean number of cites in the last year of papers published in the last 5. Most recently (2011-2012), more than three quarters of papers have at least two authors and the mean number of authors is 2.2. recently. Other measures, such as connections Cumulative marginal tax rates can be quite high in the phaseout region. Second, as Figure 2 shows, the total number of articles published in the top journals declined from about 400 per year in the late 1970s to around 300 per year in 2010-12. The new die slows cutters down, certainly in the initial period when they are learning how to use it, and possi- Authors have clearly responded by forming bigger teams, and to the extent that co-authored papers are treated as equivalent to single-authored ones, they have been able to partially mitigate the adverse effects of lower acceptance rates and longer delays. Median citations for articles in The American Economic Review and the Journal of Political Economy tend to be quite similar from year to year – for example, around 100 in the late 1980s, between 250 and 300 in the mid-1990s, and around 130 in 2005. Publication lags and young economists’ research output, Revitalising multilateralism: A new eBook, CEPR International Virtual Organization Economics Seminars - Seminar 8 - The Misallocation of Women's Talent Across Countries: Evidence from Personnel Data, CEPR Advanced Forum in Financial Economics, New Rules for Finance & Global Financial Architecture? This substantial increase in page length of articles has led several journals to consider or implement page limits in newly submitted articles. Totals for 2012 estimated. About the journal. Read a collection of highly cited articles. Pol Antràs Harvard University Robert J. Barro Harvard University Lawrence F. Katz Harvard University Andrei Shleifer Harvard University Stefanie Stantcheva Harvard University firms pay a pure piece rate, it pays a fixed monthly salary plus a performance bonus. The extreme case is the point I left off the figure – Dave Donaldson’s Railroads of the Raj paper, which first appeared as an NBER working paper in 2010, and was published in the 2018 AER with over 1,100 citations now. Finally, the end of page numbers in referencing some articles: both the Journal of Development Economics and World Development have moved from page numbers to Article numbering. Hengel (2018), however, nds that female authors face a higher bar in the review process. Distance and worse municipal characteristics strongly decrease acceptance rates, but higher wages help bridge the recruitment gap in worse municipalities. note that I am a co-editor here, and I typically try to decide on revisions without sending papers back to referees, but other editors may do differently. 2. We identify nine key trends. Fourth, we document the trends to the length of published articles. 10% of first revisions are rejected; 75% are sent for a second revision (often very minor or editorial), and 8% go to a third revision (usually editorial). The least selective of the top-five are AER and Econometrica, with acceptance rates of around 8%. Second revisions are rare, and the editor does not think they have ever done a third revision. Figure 2. “Revealed Preferences For Journals: Evidence from Page Limits” NBER Working paper 18663, December 2012. By the early 1990s, the fraction of single-authored papers had fallen to 50%, and the mean number of authors reached 1.6. Several editors have just posted in the last few days that they are getting a sudden surge in submissions, but at the same time getting more referee requests than usual turning down requests. This shift worked to partly offset the decrease in the number of articles published per year. Furthermore, the five journals moved in a remarkably parallel way over time. To do so, we normalise the length of articles to adjust for the different page density in different journals. The editor typically sends back first revisions to referees. Table 3 provides information on decision times. research, publications, journals, John Conley, Ali Önder, Mario Crucini, Robert Driskill, Bozio, Garbinti, Goupille-Lebret, Guillot, Piketty, 8 December 2020 - 8 June 2021 / Online seminar / CEPR, 8 - 8 December 2020 / Webinar / CEPR and LSE, 8 - 8 December 2020 / Webinar / LSE and CEPR, 9 - 10 December 2020 / Online / Cornell University, Eichengreen, Avgouleas, Poiares Maduro, Panizza, Portes, Weder di Mauro, Wyplosz, Zettelmeyer, Baldwin, Beck, Bénassy-Quéré, Blanchard, Corsetti, De Grauwe, den Haan, Giavazzi, Gros, Kalemli-Ozcan, Micossi, Papaioannou, Pesenti, Pissarides , Tabellini, Weder di Mauro. We added a fourth editor ( Jeremy Stein ) this past year (in addition to Robert Barro , Elhanan Helpman , and me) to try to keep up with this rapidly rising inflow. The combination of rising submissions and falling publications led to a sharp fall in the aggregate acceptance rate, from around 15% in 1980 to 6% today. Third, one journal, the American Economic Review, now accounts for 40% of top‐5 publications, up from one‐quarter in the 1970s. 2011), and on the pay of academic economists. / Average Annual Submissions (lagged) AER Econometrica JPE QJE ReStud First, as Figure 1 shows, the number of yearly submissions to the five top journals nearly doubled from 1990 to 2012. Indeed, weighting each paper by the number of co-authors, the number of authors with a top-five journal article in a given year is somewhat higher today than in the 1970s or 1980s. Most importantly, the competition for space in the top journals has grown fiercer over time. Trends in length and number of authors of published papers. The results in Card and DellaVigna (2012) highlight the importance of evaluating editorial policies with state-of-the-art empirical methodologies. For JEEA, in contrast, we estimate that the page-length policy led to near-complete loss of longer manuscripts. Now AER has four times greater weight than JPE. Other things equal, this suggests that hiring and promotion benchmarks based on top-five publications (e.g., “at least one top-five publication for tenure”) are significantly harder to reach. As Figure 4 shows, citations for more recently published articles are lower, reflecting the fact that it takes time to accumulate citations. But in practice, there is often two or even three rounds of major revisions – this usually comes from young authors who are inexperienced dealing with referees, and need a lot of help and information to get the paper to required standard. How common are multiple rounds of revisions, and for papers to get rejected after R&Rs? Using a detailed data set measuring the length of all submissions in a time range before and after the page limit imposition at both journals, we evaluate the decision of authors. If the author has properly addressed the comments, the editor will make a decision on the first revision without sending to referees. Currently, QJE is the most selective of the top-five journals, with an acceptance rate of around 3%, followed by JPE and RES, with acceptance rates of around 5%. Papers are usually sent back to reviewers if major revisions were requested, and sometimes when minor revisions were requested if the Editor wants a second opinion. Sixth, papers published in the top five economics journals are highly cited. QJE and RES also experienced declines but of smaller magnitudes. As always, these comparisons are complicated further by issues of differences in the ages of the papers by time they finally get published at different journals. On the other hand, the acceptance rate for those who report their submission results at ejmr is 21%, and they do not desk reject. I decided to update my previous ranking on economics journals ranked by speed. Among those published in the late 1990s, for example, the median article has about 200 Google Scholar citations. Instead, authors responded by shortening the text and reformatting their papers. Which journals are most responsible for the decline in the number of articles published? Stated differently, in the late 1970s AER and JPE had about equal say in the gatekeeping process that determined publications in the top-five journals. Economic Development and Cultural Change: the editor notes that his initial goal was to have a maximum of one major revision and one minor revision/conditional acceptance. I then use the acceptance rates from Table 2 together with these desk rejection rates to give the mean chance of acceptance conditional on the paper going to referees. Interestingly, papers published in the 1970s and 1980s also have total citation counts below those of papers published in the 1990s, reflecting the nature of the sources used by Google Scholar, citation practices of current authors, and other potential factors. 19% of first revisions are rejected. Number of articles published per year. But we see a top tail of well-cited papers in many journals – don’t judge the paper by the journal. In particular, papers in Development and International Economics published since 1990 are more highly cited than older (pre-1990) papers in these fields, whereas recent papers in Econometrics and Theory are less cited than older papers in these fields. QJE is the top-ranked journal in economics according to the most recent Journal Citation Reports (Source Clarivate, 2020). credit. Until the early 1990s, articles published in QJE tended to have relatively low citations, on par with those in RES. At both journals we find that longer papers were more likely to receive a revise and resubmit verdict prior to page limits, suggesting that the loss of longer papers may have had a detrimental effect on quality at JEEA. Articles in The Review of Economic Studies tend to be the least cited among the top five journals, although its relative position appears to be improving in the last few years. Topics:  The economics of insurance and its borders with general finance, Maturity mismatch stretching: Banking has taken a wrong turn. 2 Data and empirical setting. Between 1990 and 1992, though, median citations for articles in QJE rise to the top of the group. Edited at Harvard University's Department of Economics, it … These findings provide a revealed-preference measure of competition between journals, and indicate that a top-five journal has substantial monopoly power over submissions, unlike a highly respected journal one notch below. As Figure 3 shows, we find that published papers in the top five journals are nearly three times longer today than they were in the 1970s. : Page lengths are adjusted for differences in page density across journals. - Webinar I of the Maryam Annual Forum 2020, Democracy and Disinformation - Webinar II of the Maryam Annual Forum 2020, 7th Empirical Management Conference – Virtual Edition, Homeownership of immigrants in France: selection effects related to international migration flows, Climate Change and Long-Run Discount Rates: Evidence from Real Estate, The Permanent Effects of Fiscal Consolidations, Demographics and the Secular Stagnation Hypothesis in Europe, QE and the Bank Lending Channel in the United Kingdom, Independent report on the Greek official debt, Rebooting the Eurozone: Step 1 – Agreeing a Crisis narrative. This site uses cookies to optimize functionality and give you the best possible experience. Revisions are usually sent back to referees unless the referees had few comments or already were very supportive. This trend is independent of the trend documented by Ellison (2002) toward longer delays in the adjudication and revision process, and in fact has largely emerged in the decade since Ellison’s original investigation. revisions are sent back to reviewers if the first round asked for major revisions, or if there was a first round conflict between reviewer recommendations. One outlier from the AER with more than 1,000 citations is omitted so as to show the spread clearly among other journals. Mobility Rate = Success Rate x. 57% of first revisions have a second revision asked, although none were sent for a third revision. We combine data from EconLit on all articles published in these outlets since 1970 with matched citation data from Google Scholar and annual submission counts from the journals. I am sometimes asked by colleagues about the relative merits/rankings of AEJ Applied, ReStat and the Economic Journal (EJ): this figure shows similar median citations for development papers (in the 26 to 33 range), and a lot of overlap in distributions. Going back to the nine facts in Card and DellaVigna (2013), the fifth fact is that the number of authors per paper has increased monotonically over time. That is from Eric Price on the NIPS experiment, there is more here. Ellison, Glenn (2002). Figure 4. 'Publish or perish' has been the rule in academic economics since forever, but there is a widespread perception that publishing in the best journals has become harder and much slower. The mobility rate should be interpreted as an accounting measure rather than a causal effect. Starting in the 1990s, however, there is a discernible fall in the relative impact of Econometrica articles. In the earlier years of our sample, articles in Econometrica have about the same median citations as those in AER or JPE. Oxford University Press is a department of the University of Oxford. x. I compliment these stats with. We focus on conditional correlations because of Notes: Page lengths are adjusted for differences in page density across journals. The first column shows the desk rejection rate, which is above 50 percent at most journals, and up to 83 percent. Median citations for more recently published articles are lower, but QJE remains the journal with the highest median citations per paper in all years from 1991 to 2011. If the committees were purely random, at a 22.5% acceptance rate they would disagree on 77.5% of their acceptance lists on average. The largest decreases are for Econometrica, which cut the average number of articles per year from around 100 in the 1970s to 60 today, and the Journal of Political Economy, which published 85 articles per year in the 1970s but now publishes only 30 articles per year. the number of submissions to the best journals such as Econometrica, JPE, AER, and QJE, Ellison fails to record any dramatic trend. Conley, John P, Ali Sina Önder, Mario Crucini and Robert Driskill, “Publication lags and young economists’ research output”,, 24 October 2011. Card, David and Stefano DellaVigna. : Publications exclude notes, comments, announcements, and Papers and Proceedings. This column presents new evidence confirming the perception. Half of accepted papers were accepted after the first revision; for those going to a second revision, only one paper was rejected, one was sent for a third revision, and 89% were accepted. However, AEJ Applied and the EJ both published at least 25 development papers in 2018, compared to only 7 in ReStat. The combination of rising submissions and falling publications led to a sharp fall in the aggregate acceptance rate, from around 15% in 1980 to 6% today. The JME, which is notorious, clocks in at an average of 7.7 months, with a median of 4 months, but a 75th percentile of 9 months. Currently, QJE is the most selective of the top-five journals, with an acceptance rate of around 3%, followed by JPE and RES, with acceptance rates of around 5%. JPE/QJE references to AER editors and editorial board members, per article 0.420 0.522 0.826 0.761 Table 1 shows that: 1) in the 1985 volume the rate that AER articles cited AER editorial insiders was essentially the same as the rates that the JPE and QJE articles cited AER editorial insiders; Citations in … Larry Katz: The QJE received 1,430 new submissions in 2011 up from around 1,050 five years ago and from around 400 in the early 1990s when I first started as a QJE editor. The top 5 general journals (AER, ECMA, JPE, QJE and REStud) are almost universally recognized as the top 5 journals in economics, and clearly above the next set of journals. Our data include 11,336 full-length, English-language articles published between 1950–2015 in the AER, ECA, JPE, QJE and REStud.We define “full-length” as … I recently became a co-editor at the World Bank Economic Review, and was surprised to learn how low the acceptance rate is for submitted papers. the acceptance rates of female- and male-authored papers for NBER conferences. Papers are first assessed by editors before going to referees, and only those that are close to being publishable are sent to referees. rate colleges include mid-tier public institutions such as the City University of New York (CUNY), certain campuses of the California State University system, and several campuses in the University of Texas system. The qualitative evidence led us to hypothesize that a mis-alignment of incentives within the firm is an important reason for the lack of adoption. If the referees recommend minor revisions, the editor usually decides without sending back to referees. In contrast, JPE, which also published about one quarter of all top-five articles in the late 1970s, now publishes less than 10% of these articles. Research-based policy analysis and commentary from leading economists, Nine facts about top journals in economics, David Card, Stefano DellaVigna 21 January 2013. “Nine Facts about Top Journals in Economics”, Journal of Economic Literature, March 2013. Lead Economist, Development Research Group, World Bank. Both lower acceptance rates and longer delays, however, make it increasingly difficult for any one author to achieve a given set of publication benchmarks. The overall acceptance rate for submissions at the top five journals is about one-third as high today as in the early 1970s. regular marginal tax rate of 10 or 15 percent) face a new dividend tax rate of 5 percent, while taxpayers in the top four brackets (facing marginal tax rates of 25, 28, 33, or 35 percent) face a new dividend tax rate of 15 percent. As a result, the acceptance rate has fallen from 15% to 6%, with potential implications for the career progression of young scholars. However, higher standards for acceptance could reduce submissions and keep acceptance rates constant. In Card and DellaVigna (2013), we present a descriptive overview of trends among the papers published in the 'top five' economics journals: The American Economic Review (AER), Econometrica (EMA), the Journal of Political Economy (JPE), The Quarterly Journal of Economics (QJE), and The Review of Economic Studies (RES). Religion & Economics Collection. We exclude papers published in the "Annual Papers and Proceedings" issue of AER, as well as notes, comments, and announcements. The profession should consider recalibrating publication demands to reflect this new reality. Publications in the top journals have a powerful influence on the direction of research in economics, on the career paths of young researchers (Conley et al. This article explores the implications of these changes by examining trends in the institutional affiliation of authors of papers published in the American Economic Review (AER), the Journal of Political Economy (JPE), and the Quarterly Journal of Economics (QJE… Standardised length includes 2550 characters per page. To learn more about cookies, click here. As a consequence, our third fact, The American Economic Review now accounts for 40% of top journal publications in the field, up from 25% in 1970. My takeaway from this is that, conditional on going to referees, 3-4 months is about average. Only Open Access Journals Only SciELO Journals Only WoS Journals Acceptance rates are hard for journals to track because of papers being in different stages of the process, but comparing the four years in Table 2B shows acceptance rates have been fairly stable over the last four years at journals that receive a lot of submissions, but bounce around a bit in journals that get less than 100 submissions per year. papers given an R&R are rarely rejected (in the last year none were). Figure 3. The increases are especially large for QJE and RES, but are clearly present for all the journals except JPE, which received about the same number of submissions in 2011 as in 1987-1989. Focusing on the general climate in economics, Wu (Forthcoming) shows that online discussions of female economists often contain negative personal comments. She found that under the double-blind review process, acceptance rates were lower and referee comments more critical for authors affiliated with top universities (ranks 6–50). With a compound annual growth rate (CAGR) of 4.2%, the commercial air craft sector is one of the more healthy indicators for the future of the a viation industry. Totals for 2012 estimated. In most cases first revisions are sent back to referees. We focus the analysis on the decision by potential authors to either shorten a longer manuscript in response to the page limit, or submit to another journal, and show that under a simple set of assumptions one can infer a threshold for shortening papers from the observed change in the number of submitted papers of different length before and after the page limit imposition. For AER we find no indication of a loss of longer papers. Currently, the QJEis the most selective of the top-five journals, with an acceptance rate of around 3 percent, followed by the JPE and RES, with acceptance rates of around 5 percent. Our analysis builds on the study by Ellison (2002) but extends his work in several directions, including the consideration of paper-specific citations. Seventh, citation-based rankings of the top-five journals reveal interesting patterns. The content of this field is kept private and will not be shown publicly, The most well-known metric of journal quality is its, . Card, David and Stefano DellaVigna. higher wage offers also increased acceptance rates, implying a labor supply elasticity of around 2 and some degree of monopsony power. International Scientific Journal & Country Ranking. Trends in Length and Number of Authors of Published Papers 0 5 10 15 20 25 1980 1985 1990 1995 2000 2005 2010 2015 Number Pubs. For the pointer I thank a loyal MR reader. JEL Code: H1. Access. The effects hold both when predicting the number of citations (in logs) and when predicting the probability of an article in the top 5% of citations in a given year. Indeed, a paper in the 90th percentile of length among published papers in 1970 is shorter than a paper in the tenth percentile of length among papers published in 2012. Ninth, despite the relative stability of the distribution of published articles across fields, there are interesting differences in the relative citation rates of newer and older papers in different fields. In the table below, # is the journal's rank by citations (may be 2 years old, I didn't update this), and then there is data on the acceptance rate, desk rejection rate, average time to acceptance, median time to acceptance, and the 25th and 75th percentiles (all in terms of months). To what extent has the publication process in these journals changed over the past few decades? Overall, these findings have potentially significant implications for academic economists, particularly with regard to the career paths of younger scholars. Remarkably little comprehensive evidence exists on the topic. Perhaps the most obvious feature is the dramatic increase in relative citations for articles in The Quarterly Journal of Economics. For the RES, we document a decline in the acceptance rate from an average of 16.9 percent in the early 1980s to an average of 5.5 percent today. Conditional on an R&R, about 11 percent of papers get rejected. Indeed, in the years from 1994 to 2004, median citations for articles in QJE are about two times larger than median citations for articles in AER and JPE, and about three times the median for articles in Econometrica and RES. The Quarterly Journal of Economics is the oldest professional journal of economics in the English language. Chari and Goldsmith-Pinkham (2017) likewise find no disparity in the acceptance rates of female- and male-authored papers for National Bureau of Economic Research (NBER) conferences, though Hospido and Sanz (2019) find a significant advantage for male authors at three different European conferences. The least selective of the top‐5 are AER and Econometrica, with acceptance rates of around 8%. The editor’s supplied this nice little table showing decisions by round: IZA Journal of Development and Migration: The journal aims to make up or down decisions on the first round, and mostly done this. If you continue to navigate this website beyond this page, cookies will be placed on your browser. As a result, referees usually are favorable with only minor corrections suggested, and perhaps 5% of papers sent for review undergo more than one round of corrections. It is also interesting to note that most of the secular increase in submissions documented in the figure has occurred since the year 2000. Approximate Acceptance Rate per Year Figure 4. According toCard and DellaVigna (2013), QJE had an acceptance rate of around 3% by 2013, while, according to Cherkashin et al.

qje acceptance rate

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