Most Articles in Top Two Economics Journals Receive Zero Citations in First Five Years

Journal quality is often used, or suggested, as a proxy for the quality of articles. It is a very poor proxy.
Economist Robert H. Frank writes that:

(p. 3) The economist Philip Cook and I found, . . . , that in the first five years after publication, many fewer than half of all papers in the two most selective economics journals had ever been cited by other scholars.

For the full commentary, see:

ROBERT H. FRANK. “ECONOMIC VIEW; The Prestige Chase Is Raising College Costs.” The New York Times, SundayBusiness Section (Sun., March 11, 2012): 3.

(Note: ellipsis added.)
(Note: the online version of the commentary is dated March 10, 2012.)

I assume, but have not verified, that the above finding is reported in:
Frank, Robert, and Philip J. Cook. The Winner-Take-All Society: Why the Few at the Top Get So Much More Than the Rest of Us. New York: The Free Press, 1995.

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