No.6 Brownbag
Topic: Non-linear incentive:An empirical study on the academic performance of UK economic academics in 22 years(1992-2014)
Speaker: Xu Zhibo, PhD Candidate, University of St Andrews
Host: Zhou Yexin, Associate Professor, Schoolf of Economics and Resource Management, Beijing Normal University.
Time: 12:00 - 13:30 , 2 June 2017
Venue: Rm 1710, Hou-Zhu-Lou, Beijing Normal University
Introduction of Speaker
Xu Zhibo is currently a PhD candidate in the University of St Andrews. Her first and second supervisors are Prof. Miguel Costa-Gomes and Porf. Paola Manzini. She was awarded the 600th Anniversary PhD Scholarship of University of St Andrews from 2013-2016. She obtained her master degree in Shanghai University of Finance and Economics, and her research field include behavioral and experimental economics, empirical economics. She is currently part-time teaching Microeconomics, Mathematical Economics, and Mathematical Quantitative Methods in the University of St Andrews.
Abstract
Research Assessment Exercise (RAE)/Research Excellent Framework (REF) is a periodic exercise system carried out by four UK funding bodies, the Higher Education Funding Council for England (HEFCE), the Scottish Funding Council (SFC), the Higher Education Funding Council for Wales (HEFCW) and the Department for Employment and Learning, Northern Ireland (DEL), which has already been conducted 7 exercises from 1986 to 2014, to evaluate the research quality of the higher education institutions (HEIs) in UK. This evaluation system together with the constrains on job-hopping of economics departments in UK generates a non-linear incentive along with time, which induces academics in UK economics departments to “game” the incentive system by manipulating their finishing time of research outcomes and the shrink of scale of economic departments in UK. This leads a periodical decline of research quality of economics in UK. Furthermore, as the pressure on “surviving” caused by RAE/REF is increasing, co-authorship within departments benefits the quality of research and career development in academics. Meanwhile, the attraction of economics departments in UK drops gradually for high-qualify academics with within-department co-authorship.
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China Institute of Innovation and Development, BNU
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