The Association also awards annually the John Bates Clark Medal for outstanding research accomplishments in economics to a scholar under the age of 40; it is often referred to as the "Baby Nobel," as many of its recipients go on to become Nobel Laureates.
Foreningen uddeler også årligt John Bates Clark-medaljen for fremragende forskningsresultater i økonomi til en forsker under 40 år; den omtales ofte som "Baby-Nobelprisen," idet mange af modtagerne senere bliver Nobelpristagere.