Department of Economics

The Department is pleased to announce that Professor Susanne Schennach was the winner of the Frisch Medal of the Econometric Society for the paper “Estimating the Technology of Cognitive and Noncognitive Skill Formation” published in the May 2010 edition of Econometrica. Professor Schennach co-authored the paper with Flavio Cunha and James Heckman. Professor Schennach has also been elected as a Fellow of the Econometric Society.

Justine Hastings has been appointed to serve a three-year term on the newly formed Rhode Island Council of Economic Advisors. In her new role, she will advise the governor, the executive office of commerce, and the state on matters of economic policy. 

On February 19, 2014, Emeritus Professor George Borts received the David L. Laffere Distinguished Service Award of the Western Coal Traffic League in recognition of his nearly forty years of outstanding assistance in helping to lower the cost of electric power throughout the Western United States. 

Children who receive welfare may have better educational, economic and health outcomes later in life, said Anna Aizer, associate professor of economics and public policy, at a lecture at the Taubman Center for Public Policy and American Institutions Tuesday afternoon.

The 25th BREAD Conference on Development Economics is held on April 26-27 at Watson Institute for International Studies. The conference is for registered participants only given space availability.

Tyler Benster ’13, Applied Math-Economics alumnus, is featured in Brown Alumni Magazine article about his 3D printing company.

David Glancy is the winner of the S4 graduate student paper prize.  His paper Measuring Spatial Banking Competition proposes a new measure of banking concentration that takes into account banks' locations within markets. He will present his paper at the S4 reception and colloquium on Friday, 5/16​/14.

Glenn Loury accompanies the Brown Jazz Band on a trip to Cuba. He will be providing academic enrichment about the transformation of the Cuban economy.

President Obama  nominated Karen Dynan ’85 to be assistant secretary for economic policy at the U.S. Treasury Department. Dynan, who has a PhD in economics from Harvard, will leave the Brookings Institution, a Washington, D.C., think tank, where she has most recently been the vice president and codirector of its economic studies program. Her focus has been primarily on consumer spending and saving behavior, household debt, and foreclosure prevention. 

Glenn Loury is featured as the cover story in The Region, the quarterly publication of The Federal Reserve Bank of Minneapolis for his work on inequality, the legacy of historical race discrimination, and the limits of "equal opportunity".

Economics alumni Charlie Enright and Mark Towill use their business and economics degrees at the helm of Team Alvimedica’s 65-foot ocean racing yacht when it launches next month to compete against the world’s best -- and best-funded -- sailors.

One of the most important potential effects of the ACA is the “Cadillac Tax,” said Kenneth Chay, professor of economics. The policy would tax health insurance plans that provide coverage above a certain dollar amount, he said, adding that the tax acts much like the Federal Income Tax with higher tax rates for higher incomes.

PhD candidate, Morgan Hardy, received the Hewlett Dissertation Fellowship Award. Ms. Hardy ’s dissertation is “The Determinants, Dynamics, and Details of Female Labor Market Participation in the Developing World”.

Anna Aizer and Janet Currie (Princeton University) published a review of economics research from the last four years to get a picture of how maternal disadvantage affects the health of newborns in a special issue of Science dedicated to inequality research.

In 2012, the fertility rate in the US fell to a record low for the second year in a row to 63 births, according to data from the Centers for Disease Control and Prevention. Andrew Foster, Professor of Economics, talks with  RT News correspondent, Ameera David, about the causes of a falling birth rate and its economic impact on the US.

After congressional quarreling sent the federal government Monday night into its first shutdown since the Clinton administration, Brown students and people across Rhode Island spent Tuesday considering how the closure will affect them. 

Glenn Loury is one of four internationally-renowned speakers in a one day symposium on race, families and inequality at the University of Queensland’s Institute for Social Science Research.

Glenn Loury, Professor of Economics at Brown University, discusses Thomas Piketty's new book, "Capital in the 21st Century" with Larry Kotlikoff (Boston University) and Rajiv Sethi (Barnard College) on his video blog, The Glenn Show.

Will growth ever pick up? An economist's shocking new theory, with Gauti Eggertsson, Brown University, CNBC's Jackie DeAngelis and the Futures Now Traders.

In a historic vote, Janet Yellen ’67 won Senate approval to become the new head of the Federal Reserve. Yellen, who was nominated by the first African-American U.S. president, becomes the first woman to lead the national bank. Twelve Republicans joined Democrats for the 56 to 26 vote. 

Sylvia Kuo has been selected to participate in the Sheridan Center’s Junior Faculty Teaching Fellows Program for the 2013-14 academic year.

Oded Galor and colleague Quamrul Ashraf (Williams College) are featured in the Science Channel’s Through the Wormhole hosted by Morgan Freeman, drawing from their research published in the American Economic Review, “The ‘Out of Africa’ Hypothesis, Human Genetic Diversity, and Comparative Economic Development.”

Emilio Depetris Chauvin has been chosen as the winner of the first annual Professor Borts Prize. A committee of three faculty members chose Emilio based upon his dissertation research in the areas of economic growth, conflict, and political economy.

Roberto Serrano is a newly elected Fellow of the Econometric Society.

Glenn Loury has been elected President of the Eastern Economics Association. He will give the presidential lecture in New York City at the EEA’s annual meetings.  His topic:  “What’s Left to Say About Affirmative Action?”

A CNBC article on secular stagnation includes comments from Gauti Eggertsson and mentions his paper co-authored with Neil Mehrotra "A Model of Secular Stagnation."

Glenn Loury was a member of the National Research Council’s Committee on Causes and Consequences of High Rates of Incarceration.  The committee has now issued a 444 page report “The Growth of Incarceration in the United States” which was highlighted in a lead editorial in The New York Times.

Pedro Dal Bó taught ECON 1110, Intermediate Microeconomics, in a new “flipped” format in the Fall, where students attended lectures on Mondays and Fridays, went over questions in problem-solving sessions on Wednesdays and watched explanatory videos recorded by Dal Bó throughout the week.

After 63 years of teaching, Borts retired from Brown at the start of the academic year. Borts has mentored renowned alums including Janet Yellen ’67, current vice chair of the Federal Reserve’s Board of Governors.

Economics concentrator Matthew Sullivan ’13 has been named to the Capital One Academic All-American Division I Men’s Basketball Team.

Economics alumnus Steven Rattner ’74 discusses technology and productivity in his article Fear Not the Coming of Robots  which was featured in The New York Times.

Glenn Loury debates the merits of an increase in the minimum wage with Timothy Noah (MSNBC, The Great Divergence).

On The Glenn ShowGlenn Loury and John McWhorter (Columbia University) discuss the recent controversy over Santa Claus's race. Why has this debate sparked such strange passion on both sides? They discuss what John identifies as a tendency by some African-Americans to be seen as "serious black people." Glenn counsels that blacks must strive to not let race dominate their lives, and recalls Amartya Sen's prescription about the noninevitability of identity. 

Glenn Loury presents a paper on “A Theory of Collective Reputations with Endogenous Identity”, at the Santa Fe Institute.  This presentation includes joint work that Loury has undertaken with former Ph.D. student Young-Chul Kim, now of Sangmyung University in Seoul, South Korea.

We are delighted to announce the arrival of four new faculty members to our department, and new visiting faculty at Brown for the first time.