Reputational capital and academic pay

This article examines how research productivity, administrative service, an d teaching affect reputational capital in the market for academic economist s. Also, we investigate the issue of the durability of reputational capital , estimating the penalties associated with gaps in research output. Our res ults reveal that (1) the market makes a distinction between the quantity an d the quality of an individual's research output, (2) a smaller number of f requently cited papers enhances reputational capital more than a greater nu mber of less frequently cited papers, (3) reputational capital does not dep reciate rapidly during research breaks, and (4) the market does not discoun t co-authored papers.