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. Author manuscript; available in PMC: 2019 Oct 25.
Published in final edited form as: Am Econ Rev. 2019 Aug;109(8):2889–2920. doi: 10.1257/aer.20161574

Table 4:

Scientific Impact of Entry

Vintage-specific long-run citation quantile
All Pubs Bttm. Quartile 2nd Quartile 3rd Quartile Btw. 75th and
95th pctl.
Btw. 95th and
99th pctl.
Above 99th
pctl.
After Death 0.082**
(0.029)
−0.028
(0.036)
0.008
(0.033)
0.031
(0.032)
0.125**
(0.035)
0.232**
(0.049)
0.320**
(0.081)
Nb. of Investigators 6,260 6,222 6,260 6,257 6,255 6,161 5,283
Nb. of Fields 34,218 33,714 34,206 34,212 34,210 33,207 21,852
Nb. of Field-Year Obs. 1,259,176 1,240,802 1,258,738 1,258,954 1,258,880 1,221,952 804,122
Log Likelihood −2,768,257 −689,467 −1,125,554 −1,432,227 −1,469,094 −542,731 −156,519

Note: Estimates stem from conditional (subfield) fixed effects Poisson specifications. The dependent variable is the total number of publications by non-collaborators in a subfield in a particular year, where these publications fall in a particular quantile bin of the long-run, vintage-adjusted citation distribution for the universe of journal articles in PubMed. All models incorporate a full suite of year effects and subfield age effects, as well as a term common to both treated and control subfields that switches from zero to one after the death of the star. Exponentiating the coefficients and differencing from one yield numbers interpretable as elasticities. For example, the estimates in column (1), Panel A, imply that treated subfields see an increase in the number of contributions by non-collaborators after the superstar passes away—a statistically significant 100×(exp[0.082]-1)=8.55%.

Robust standard errors in parentheses, clustered at the level of the star scientist.

p < 0.10,

*

p < 0.05,

**

p < 0.01.