Evidence of a Harvard and Chicago Matthew effect

The Matthew Effect refers to the hypothesis that a scientific contribution will receive disproportionate peer recognition whenever there are sharp and distinct differences in prestige within the academic stratification system. This paper empirically examines whether there is an institutional Matthew Effect in economics: does the prestige of an author's economics department influence the visibility or allocation of peer recognition of a scientific contribution? After controlling for author quality, journal quality and article-specific characteristics, the empirical results showed nineteen universities classified as elite have a statistically and numerically positive impact on the level of peer recognition of a scientific contribution. However, further analysis found that the positive institutional Matthew Effect of these elite universities was due solely to the differential peer recognition of scientific contributions by economists affiliated with the economics departments of Harvard University and the University of Chicago.