Despite the social importance of awards, they have been largely disregarded by academic research in economics. This paper investigates whether a specific, yet important, award in economics, the John Bates Clark Medal, raises recipients' subsequent research activity and status compared to a...

Happiness research has been a great success by yielding new and important insights. These results are often used in a technocratic manner: governments should maximize, or at least raise, the subjective well-being of the population measured by the national happiness index. Yet the government has...