Alumni

Gulgun Bayaz-Ozturk defends thesis and heads to CUNY

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Gulgun Bayaz-Ozturk defended her dissertation on July 20, 2010 under the supervision of Prof. Kenneth Couch. Her dissertation titled “Three Essays on Income Inequality” analyzes the contribution of labor market inequality to overall income inequality in the light of demographic changes in the United States from 1970s into the mid 2000s. In addition, she carries out a cross-national comparison and investigates the trends in intra-generational mobility and the underlying factors of educational earnings differentials in the United States and West Germany.

In September, Gulgun starts her new job as a Postdoctoral Fellow at the Brookdale Center for Healthy Aging and Longevity at Hunter College of the City University of New York.

Teju Owoye: Checking in from San Diego

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Since graduating in May 2007, with a major in Economics and a minor in Business, Teju Owoye served as an Account Manager at Aetna’s corporate offices in Charlotte, North Carolina. Working in Aetna’s National Accounts division, she managed the company’s relationship with nine major employers that have health insurance contracts with Aetna. While at Aetna, Teju also directed activities related to the company’s $225,000 investment in the American Heart Association’s “Start Charlotte” program—an effort to promote better health habits within corporations and the community. Teju’s contributions to the program were highlighted in the September 2009 issue of Corporate Incentive Travel and the Spring 2010 issue of Ballantyne Magazine. In 2008, Aetna recognized Teju’s accomplishments by selecting her for the Aetna Way Excellence Award in Leadership.

During her tenure at Aetna, Teju developed a passion for helping individuals achieve their health and wellness goals through positive lifestyle changes. She is the founder of the Inspire Change Workshop, which is a seminar designed to teach corporate employees how make time for healthy eating and exercise during the day. Recently, Teju left Aetna to pursue her passion full time in San Diego, CA. She is currently working as a personal trainer in Solana Beach, CA. She also is piloting the Inspire Change Workshop in California, while starting a health and fitness consulting business.

Teju plans to continue her education by pursuing a master’s degree in health policy, and she is currently co-authoring a paper (“The Impact of Current Global Economic and Financial Crisis on the Economies of Emerging and Developing Regions”) with her father, Dr. Oluwole Owoye, a Professor of Economics at Western Connecticut State University.

BA alum named President and CEO of Walmart U.S.

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William S. Simon, a University of Connecticut Economics BA from 1981, has recently been named President and CEO of the US operations of Walmart. He was previously chief operating officer at Walmart, senior vice president of global business development at Brinker International, which operates Chili’s Grill & Bar and other restaurants, and before that Secretary of the Florida Department of Management Services. He is a retired officer from the U.S. Navy and Navy Reserves after 25 years of service.

Read more at UConn Today

Michael Stone defends thesis and heads to Quinnipiac University

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On June 28, 2010, Michael Stone defended his dissertation entitled “Three Essays on the Economics of Tort Law.” Stone’s dissertation focused on three distinct areas relating to tort law: the enactment of caps on punitive damages, the impact of taxable costs statutes on settlement rates, and the optimal level of attorney advertising intensity. In the first of these papers, Stone utilized hazard analysis to uncover some support for an economic model justifying caps on punitive damages, though there was evidence that political pressure by the legal services and insurance industries played a role in cap enactment. In his second essay, Stone utilized an ordinary least squares regression with a wild bootstrap and HC3 correction to find some evidence that taxable costs statutes (laws which permit the victorious party at trial to recover authorized litigation-related expenses from the losing party) decreased the rate of settlement. And, in his final essay, Stone produced a theoretical model which weighed the benefits of deterrence against the costs of litigation and advertising to obtain an optimal level of attorney advertising intensity. Each of these works was prepared under the tutelage of his major advisor, Professor Thomas Miceli.

This fall, Stone will be heading to Quinnipiac University as a visiting assistant professor of economics.

Prof. Ross to publish in the Review of Economics and Statistics

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Prof. Stephen Ross with his co-authors Eric Brunner (BA alumnus) and Ebonya Washington had their paper “Economics and Policy Preferences: Causal Evidence of the Impact of Economic Conditions on Support for Redistribution and Other Ballot Proposals” accepted recently at the Review of Economics and Statistics, one of the leading journals in the profession.

In this paper, they analyze voting data on California ballot propositions between 1990 and 2004 classifying these propositions based on their political leaning (Democrat vs. Republican) and based on the type of proposition (fiscal vs. social). They find strong evidence that positive economic shocks lead to declines in support for redistributive policies using an exogenous proxy for economic shocks based on changes in national employment composition and the composition of worker industry at the neighborhood level. Further, they find that voters behave as if the voters have a preference for consistency in political preferences so that economic shocks have a smaller but similar impact on voting on non-economic ballot issues.

Maroula Khraiche defends thesis, heads to Colorado College

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Maroula Khraiche defended her dissertation on Monday, June 7th 2010. Entitled “Essays on the Economics of Labor Migration,” her dissertation analyzes the macroeconomic effects of migration patterns that are influenced by different types of policy. In particular, she examines the popularity of temporary worker permits based on how the presence of temporary workers affects the earnings of various demographic groups within a host country. She also examines the implications of trade policy, and how reduced trade restrictions can result in increased migration from a country. Finally, she also considers how labor market policies such as the minimum wage can affect migration across sectors with a developing economy. In all her work, conducted under the supervision of her adviser, Prof. Christian Zimmermann, Maroula uses calibrated theoretical models to generate predictions, and then tests those predictions using empirical data.

Next year Maroula will be an Assistant Professor of Economics at Colorado College. Although she will undoubtedly miss the economics department here at UConn, Maroula is very excited about her new position and new department. We wish her the best of luck.

Prof. Langlois reports about his travels in Europe

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Professor Richard Langlois is currently traveling in the United Kingdom as a Visiting Fellow of the Academy of Advanced International Management. He will be giving a series of talks in Lancaster, London, and Edinburgh. As part of the trip, he will also attend conferences in London, Scotland, and Denmark. Professor Langlois’s first stop in the UK was Nottingham, where he spoke at the Nottingham University Business School and touched base with UConn’s Marshall Scholar Michelle Prairie (pictured), who is completing her M. S. in Economics at Nottingham before moving on for another Masters degree at the London School of Economics in the fall.

On June 13 he visited the Lake District of Cumbria, where he discovered not only another Storrs but also a Storrs Hall, built in the 1790s and famously the home of John Bolton, a Liverpool ship owner who engaged in the “triangular trade” – including slaves – among Africa, the West Indies, and Britain.

Lei Chen defends, takes positions at UConn

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Lei Chen defended his dissertation in April 2010. His thesis focused on the productivity and efficiency of general dental practices in the U.S. His research lies at the intersection of applied microeconomics, health economics, and operations research. He is going to take a joint position of assistant professor in residence at UConn Health Center and UConn Avery Point. During his study at our department, Lei worked with his major advisor, Prof. Subhash Ray on a variety of projects and published a couple of papers in journals such as the International Journal of Production Economics and the Indian Economic Review.

At the UConn Health Center, Lei will continue doing empirical studies in dental care, especially the effectiveness and efficiency of dental services at Federally Qualified Health Centers (FQHCs). He will also teach principles of macroeconomics and principles of microeconomics at the UConn Avery Point campus in the next academic year.

Prof. Kimenyi joined by PhD Alum at Brookings

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Prof. Kimenyi is currently a Senior Fellow at the Brookings institution where he is working for the Africa Growth Initiative. He has recently been joined there by Ezra Suruma, a 1976 Economics PhD from UConn who completed his dissertation under the supervision of Morris Singer.

After his PhD, Suruma taught at Florida A&M University, Makerere University (Uganda) and Coppin State University (Maryland), at the latter as department head. He then started an administrative career in Uganda, first at the (central) bank of Uganda, 1987 as the Director of Research, 1990 as Deputy Governor. After various stints in commercial banks, in 2005, he was appointed 2005 as Minister of Finance, Planning and Economic Development of Uganda. In 2008, he received from The Banker (Financial Times, UK) an award as the best Finance Minister in Africa. Since 2009, he has been a Senior Presidential Advisor for Finance and Planning.

At Brookings, Kimenyi and Suruma are trying trying to influence development policy both in Africa and the United States and OECD. They interact also regularly with policy makers at the World Bank and the International Monetary Fund and other development institutions and foundations that focus on development. Prof. Kimenyi is in particular pushing for a food security initiatives and overall transformation of African Agriculture. He is also working on natural resource management and industrial policies. Ezra Suruma is writing a book on the growth success story in Uganda over the last decade.

Read more at the East African.

Economics alumnus runs for Senate seat

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Noted economist, fund manager, entrepreneur, race car builder, and UCONN alumnus Warren Mosler is seeking the office of US Senate to add ‘fixed the US economy’ to his long list of accomplishments. Mosler, a native of Connecticut who graduated from Storrs with a B. A. in Economics in 1971 is running for the US Senate seat being vacated by Senator Christopher Dodd.

Since graduation, Warren has spent 37 years in various financial institutions from Manchester, Hartford, New York, Chicago, and South Florida, including the founding III Offshore Advisors in 1982 and, in 1983, AVM L.P., a broker/dealer providing advanced financial services to large institutional clients. During these years he developed numerous investing strategies utilizing US Government securities and created the mortgage swap and euro swap futures contract. He maintains strong connections to the academic world as Co-Founder, along with L. Randall Wray, of the Center for Full Employment And Price Stability at the University of Missouri in Kansas City. Mosler also has supported research projects and graduate students at the London School of Economics, the New School, Harvard University, and the University of Newcastle, Australia. Additionally, Warren is an Associate Fellow at the University of Newcastle, Australia. Warren is the author of numerous publications, of which the latest is ‘The Seven Deadly Innocent Frauds of Economic Policy’ (Mosler, 2010), which challenges several contemporary assumptions about the relationship between government spending, federal debt, and taxation and opens the door to an immediate return to economic prosperity.

Warren is the original contemporary proponent of what has come to be called Modern Monetary Theory (MMT). MMT begins with the operational fact that Federal taxes serve to regulate aggregate demand, rather than to raise revenue per se, and that funds to pay Federal taxes indeed originate from government spending itself. Warren’s campaign platform is based on three proposals designed to fix the nation’s economy within 90 days. The three proposals are as follows:


  1. Declare a “payroll tax holiday” where the U.S. Treasury will suspend deduction of all FICA taxes. That means the take home pay of someone earning $50,000 a year will rise by approximately $325 per month, fixing the economy from the bottom up, vs the current top-down bailout method.
  2. An unrestricted $500 per capita Federal revenue sharing distribution to all the State governments. This proposal mean about $1.75 billion for Connecticut.
  3. Fund an $8/hr. National Service Jobs program for anyone willing and able to work to facilitate the transition from unemployment to private sector employment, as the first two proposals will cause the large increases in private sectors business sales that quickly translates into the millions of new jobs we desperately need.

Since leaving Connecticut for Wall Street in 1976, Warren has lived and worked in New York City, Chicago, South Florida, and the US Virgin Islands. Additionally, while in Florida, he founded Mosler Automotive, which produces the world’s top performing sport cars. Warren returned to Connecticut this year to run for the US Senate solely as a matter of conscience, and not ambition. He sees himself as uniquely qualified to fix the economic problems facing the US economy.