Template-type: ReDIF-Paper 1.0 Author-Name: Ayoubi, Charles Author-Email: charles.ayoubi@epfl.ch Author-Workplace-Name: École Polytechnique Fédérale de Lausanne Author-Name: Pezzoni, Michele Author-Email: michele.pezzoni@unice.fr Author-Workplace-Name: Université Côte d’Azur, CNRS, GREDEG, and ICRIOS, Bocconi University, Milan Author-Name: Visentin, Fabiana Author-Email: visentin@merit.unu.edu Author-Workplace-Name: UNU-MERIT, Maastricht University Title: Does it pay to do novel science? The selectivity patterns in science funding Abstract: Public funding of science aims to provide the necessary investment for the radical scientific discoveries of tomorrow. This paper brings evidence that the funding process is not always awarding the most novel scientists. Exploiting rich data on all applications to a leading Swiss research funding program, we find that novel scientists have a higher probability of applying for funds than non-novel scientists, but they get on average lower ratings by grant evaluators and have lower chances of being funded. Classification-JEL: I23, O38 Keywords: competitive research grants, public funding evaluation, novelty in science Series: UNU-MERIT Working Papers Creation-Date: 20190924 Number: 2019-037 File-URL: https://unu-merit.nl/publications/wppdf/2019/wp2019-037.pdf File-Format: application/pdf File-Size: 275 Kb Handle: RePEc:unm:unumer:2019037