Many academic departments in economics require from their junior faculty to publish in top 5 journals in order to gain tenure or get promotions. The top departments ask for several such articles, lower ranked ones may ask for only one. However, the space available in those journals is very limited, a couple hundred articles a year. Given that many already tenured faculty publish in those journals, the space for the newcomers is very scarce and few junior professors can count on top 5 journals for their tenure hopes.
This problem has become worse, as more and more departments strive for such impossible requirements, in part because they are forced to keep up with requirements in the other sciences of their university, where articles are much shorter and journals publish more frequently, thus making it easier to get top publications. Without intervention, economics may get into the situation of choking itself by making it impossible for most department to grant tenure to faculty. In light of this upcoming catastrophe, RePEc is happy to come to the rescue with the launch of a new journal that will be accepting submissions from junior faculty aspiring for tenure, the
Top 5 Journal in Economics
will start today with volume 104 and a special issue on the Economics of Fisheries. For submissions and more information about the journal, click here.