My takeaway from the article: Encourage my two advisers to become editors of prestigious journals!

This extract from the conclusion says a lot:

The social effect is particularly relevant for former PhD students and university colleagues of the editor; for instance, during an editor’s appointment, the number of published articles written by former graduate students increase by 15% at the baseline. Similarly working in the same institution as the editor increases the number of published articles by about a paper per year when this editor is in charge.

 

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2675471 

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