Recent UConn graduates Aaron Cooke (2018 PhD, U.S. Department of the Treasury) and Umesh Ghimire (2021 PhD, Commonwealth University of Pennsylvania) have had their paper accepted for publication in Macroeconomic Dynamics.
The paper examines the impact of life-cycle savings, intergenerational transfers, and fertility differences between the rich and the poor on the wealth distribution in the United States
This paper is a joint work with Dr. Hyun Lee (former UConn faculty) and Professor Kai Zhao. The key message of the paper is that the fertility differences between the rich and the poor significantly amplify the role of bequests in shaping the U.S. wealth inequality.
Two graduate students in the UConn Department of Economics presented their research at the New England Experimentalist Workshop last week.
Anastassiya Karaban presented her paper, “The role of gender comparisons in determining reference wage and labor supply.” She finds that when people make different wages, we choose to compare our wage to others of the same gender. Women work harder when making more than other women (but not when making more than other men). Men work less hard if they are making less than another man (but not if they are making less than a woman).
Victor Volkman presented his paper, “Race and experimental design: How respondents may read context into a neutrally framed scenario.” Traditionally, economics experiments have participants engage in “context free” simulated economic transactions. Victor examines whether such absence of context can affect individuals differently based on their racial backgrounds. He finds evidence that different racial groups interpret context-free scenarios differently, and thus their actions are not directly comparable.
The presentations offered the students both broader exposure for their research and a chance to receive valuable feedback from researchers at other universities.
In May, Abdulmohsen Almuhaisen presented his paper, “Immigration Enforcement and the Institutionalization of Elderly Americans ,” coauthored with Professor Delia Furtado and Catalina Amuedo-Dorantes from UC-Merced, at the Annual Meeting of the Society of Labor Economists (SOLE) in Philadelphia. He will return to Saudi Arabia to work at the Saudi Central Bank in the late summer.
Both were hooded at this year’s Commencement Ceremonies by advisor, Professor Delia Furtado.
Congratulations and good luck, Treena and Abdulmohsen!
On a picture perfect Spring evening, several doctoral students participated in the University’s Commencement exercises. Major advisors hooded their students while friends and family members watched either in person from the Jorgenson or online from thousands of miles away at very inconvenient times given different time zones.
The joyous occasion was at times quite somber given the recent passing of Professor Jorge Agüero. As Professor Agüero’s student, Miranda Mendiola Valdez, crossed the stage, special recognition was given to honor the moment. The entire Jorgensen clapped as Professor Delia Furtado hooded Miranda. Miranda will begin a tenure track position at North Central College in the fall.
We are delighted to share that three of our 5th-year PhD students focusing in econometrics, Xuejian Gong, Ruohan Huang, and Ziyun Wu, recently accepted (full-time) job offers in the US financial industry.
Xuejian has accepted a job offer as assistant vice president for wholesale credit risk management at Citi Institutional Clients Group. His dissertation (advised by Professor Duke Kao) is about applying distributionally robust optimization in economic and financial models. Ruohan has started her career at OneMain General Services Corporation as a senior analyst in credit, pricing, and analytics. The subject of her dissertation (advised by Professor Jungbin Hwang) is financial econometrics, focusing on empirical asset pricing models. Lastly, Ziyun has started work as a data scientist at Hartford Steam Boiler – Munich Re. Her dissertation (advised by Professor Duke Kao) studies the machine learning approach in asset pricing.
All three students commented that their programming language skills and understanding of various econometrics/statistical theories from their PhD training were key factors for their success in the job market. Also, they pointed out the importance of earlier preparations for the industry job market, as most companies for quantitative analyst positions have at least two rounds of interviews for coding and critical thinking.
We are again pleased to congratulate our PhD students’ achievements in their job markets and know that they will have great success in their careers in financial industries!
Five Sewanee: University of the South professors were asked to share their thoughts on teaching in the Information Age, and our own Tao Song, PhD ’17, was one of them. See his reflections on how the explorer mentality guides his teaching.
Matthew Ross, 2016 UConn Ph.D. in Economics, has been hired by the School Public Policy & Urban Affairs and the Department of Economics at Northeastern University as an Associate Professor, leaving his previous Assistant Professor position at Claremont Graduate School.
Matt works on research related to technological change in the labor market, racial profiling in policing and the process of scientific research. His work has been or will soon be published in several major journals including Nature, Journal of Human Resources, Industrial Labor Relations Review, and Criminology and Public Policy. His work has been funded by the National Science Foundation, the Russell Sage Foundation, and the US Department of Transportation.
Third-year PhD student Anastassiya Karaban has received funding in support of her research. Her project, done in collaboration with Professor Jorge Agüero, is entitled “Female Education, Empowerment and Bargaining over Babies in Sub-Saharan Africa”.
The funding is through the Collaborative to Advance Equity through Research on Women and Girls of Color through Africana Studies at UConn:
“In November 2015, the White House Council on Women and Girls announced a new initiative on women and girls of color – the Collaborative to Advance Equity through Research on Women and Girls of Color—during a summit co-hosted by the Anna Julia Cooper Center at Wake Forest University. The Collaborative to Advance Equity through Research on Women and Girls of Color, which the University of Connecticut joined in 2015, consists of more than fifty colleges, universities and non-profit organizations committed to studying and addressing the educational, health and social services disparities faced by women and girls of color. Housed within the Africana Studies Institute, UConn’s Collaborative aligns with Africana’s goals to prioritize research and collaboration that target health disparities and injustice and the health and well-being of populations both racialized and gendered.”
Leshui completed his thesis at UConn in 2013 under the supervision of Professors Richard Langlois, Robert Gibbons, Christian Zimmermann, and Vicki Knoblauch.
He started his position as an Assistant Professor at Bates College in 2015, and works primarily in the fields of organizational economics and industrial organization. He is also working on research projects on education with Professor Stephen L. Ross.