Economics Department faculty member Steve Ross was just appointed to the Board of Editors of the American Economic Journal: Economic Policy:
https://www.aeaweb.org/journals/pol/about-pol/editors
Faculty
Early College Experience Economics Workshop
The Early College Experience Economics program (https://ece.uconn.edu/) held its annual workshop this fall for 30 Connecticut high school economics teachers who are teaching UConn’s Principles of Microeconomics (ECON 1201), Principles of Macroeconomics (ECON 1202) and/or Essentials of Economics (ECON 1000).
Leading off the workshop was Professor Mike Shor, presenting “Patent Holdup” in which he explained the limits monopoly power conveyed by patents. The complementary relationships among patents and the price determination of purchasing or licensing of patents. He went on to explain the idea of the patent hold up. He also provided the workshop participants with a classroom exercise in which students discover how patents are priced.
There followed a presentation by Professor Natalia Smirnova, “Using Data in the Classroom: FRED database.” Professor Smirnova demonstrated several empirical uses of the St. Louis Federal Reserve Bank’s FRED database including both Macro and Micro economic examples.
Professor William Alpert presented a lunch time talk about the “Perils and Pitfalls of Prediction” highlighting the famine predictions of Paul Ehrlich for the 1980 (100’s of millions die) and the failed predictions of The Club of Rome from 1973. Professor Alpert also “predicted” the rise to more than 600 million in the number of horses in the United States if 18th Century trends had continued, assuming no alternative means of transportation.
Professor Steven Lanza then followed up with a presentation entitled “Rediscovering Lost Arts: Economic Index Numbers” in which he stressed the importance of index numbers and the biases in those numbers. He also demonstrated how to calculate them using data that is easy to access and readily available.
Professor Nishith Prakash rendered the concluding presentation concerning a natural experiment concerning the harassment. In India 79% of women living in cities have experienced harassment in public spaces. Professor Prakash and his coauthors set out to determine the effect of street patrolling that targets harassment, on the type and frequency of incidents and women’s proactive responses. They also are trying to determine the impacts of targeting perpetrators of harassment and what drives these changes — visibility, and/or quantity of a focused taskforce?
All of the presentations were well received and the workshop was among the most successful offered by the ECE Economics program.
Mary Vlamis presents at ‘Fall Frontiers in Undergraduate Research’
On October 30th, Economics undergraduate student Mary Vlamis presented her project ‘Can Inclusive Programs Reduce Racial and Gender Discriminations from the Labor Market?’ at the annual Fall Frontiers in Undergraduate Research poster exhibition.
She had the opportunity to present the project to students, faculty and others – including President Katsouleas (shown here).
Mary and Professor Jorge Agüero received a 2019 Social Sciences, Humanities, and Arts Research Experience (SHARE) award to work on this project, along with Research Scholar Francisco B. Galarza.
The project explores whether merit-based scholarships could reduce racial and gender discrimination in the Peruvian labor market, and how effective the national scholarship program is at narrowing the gap in hiring.
Professor Agüero Gave Keynote Address
Jorge Agüero gave a keynote address at the 8th International Congress on Education at Ibagué, Colombia.
The congress took place between September 30 to October 2nd and centered on the issue of the length of the school day. Professor Agüero’s address focused on the successes and challenges of expanding the school day in secondary schools in developing countries based on his research in both Mexico and Peru.
Econ Undergraduate Students at the Boston Fed Challenge
Once again this fall the Economics Department sponsored a team of students to compete in the annual Fed challenge competition that was held at the Boston Federal Reserve. Again our students did very well, just barely missing the finals.
There were five groups with five universities competing in each group. The school with the highest score in each group moves on to the finals. Every year the competition level gets higher. In our group, the five scores ranged from 80 to a high of 91. We were close to making the finals, our team had a score of 88.5. We are proud of our students’ accomplishments.
The participating students were Sam Berkun, Tyler Dibrino, Michelle Grieco, Marisa Infante, Joe Mortimer, James Rice, Brianna Sullivan, Kyle Tesei and Ajshe Zulfi.
The faculty advisers were Derek Johnson and Owen Svalestad.
Professor Miceli Publishes The Paradox of Punishment
Professor Thomas Miceli has published The Paradox of Punishment: Reflections on the Economics of Criminal Justice.
From the publisher:
This book explores the insights that can be gained by looking at the criminal justice system from an economic point of view. It provides an economic analysis of the institutional structure and function of the criminal justice system, how its policies are formulated, and how they affect behavior.
Yet it goes beyond an examination of specific policies to address the broad question of how law influences behavior. For example, it examines how concepts such as the possibility of redemption affect the decisions of repeat offenders, and whether individual responsibility is (or should be) a pre-requisite for punishment. Finally, the book argues that, in addition to the threat of criminal sanctions, law inculcates principles of acceptable behavior among citizens by asserting that certain acts are “against the law.” This “expressive function” of law can influence behavior to the extent that at least some people in society are receptive to such a message. For these people, the moral content of law has more than mere symbolic value, and consequently, it can expand the scope of traditional law enforcement while lowering its cost.
Another goal of the book is therefore to use economic theory to assess this dualistic function of law by specifically recognizing how its policies can both internalize an ethic of obedience to the law among some people irrespective of its consequences, while simultaneously threatening to punish those who only respond to external incentives.
https://www.palgrave.com/us/book/9783030316945#aboutBook
Professor Prakash publishes in Feminist Economics
Nishith Prakash and co-author Krishna Chaitanya Vadlamannati are publishing their article “Girls for Sale? Child Sex Ratio and Girl Trafficking in India” in Feminist Economics, the journal of the International Association for Feminist Economics (IAFFE)
From the abstract:
Illegal trafficking of girls results from their disadvantageous position in society, often reflected by preference for sons and neglect of daughters. India has both higher levels of illegal trafficking of girls and abnormal child sex ratios in favor of boys. This paper examines if the skewed sex ratio in India is associated with trafficking of girls. Using panel data from twenty-nine Indian states from 1980 to 2011, the study finds that a 100-unit increase in the child sex ratio is associated with a 0.635 percent increase in girl trafficking. Further, the association is heterogeneous by women’s empowerment, crime against women, and party rule in the state, and the association between the child sex ratio and trafficking of girls is stronger and larger in magnitude in states with greater women’s empowerment. Overall, it appears the results are driven both by greater reporting and a greater incidence of illegal girl trafficking.
Former PhD student accepts Professorship
Anupam Nanda has accepted a Professorship at the University of Manchester, UK. He will start in November this year.
Anupam completed his Ph.D. in Economics at the University of Connecticut in 2006. Anupam has been at the University of Reading and has developed a significant scholarly reputation for his research in real estate markets. Professor Stephen Ross was his major advisor.
Research by Eric Brunner, Shaun Dougherty and Steve Ross on Career and Technical Education
Research by Eric Brunner, Shaun Dougherty and Steve Ross on Career and Technical Education in Connecticut has been featured recently by both the Brookings-Brown Center and in The Conversation.
As described in an article for UConn Today:
Career and Technical H.S. Grads Have More Initial Earning Power, Study Says
Males who graduate from career and technical high schools in Connecticut earn more than their peers in the years immediately following graduation, according to a new study by the University of Connecticut.
Through age 23, the career and technical high school graduates earned 31% more than students who graduated from traditional high schools, according to the team from UConn’s departments of public policy, economics, and education.
The past decade has witnessed a resurgence in interest in career and technical education as an alternative pathway for high school students, the authors write in their study, published in the Annenberg Institute’s education working paper series.
“Career and technical education has been an important strategy for improving the economic opportunities of students who might not pursue a traditional four-year college degree,” says author Eric Brunner, UConn professor of economics and policy. “This is especially important given the declining opportunities for non-college educated workers.”
Even as the job market evolves, researchers found positive results for both the educational and labor market outcomes for students at the 16 technical high schools in Connecticut, where 7% of the state’s students enroll.
The team examined data on approximately 57,000 eighth-graders from 2006-2013, through age 23.
They found that male students who went to career and technical high school in Connecticut were about 10% more likely to graduate high school, with the improved labor market outcomes being accompanied by a roughly 8% dip in their likelihood to attend college.
Being disadvantaged, being eligible for free-lunch programs, and more likely to have lower scores on standardized tests did not lower the effectiveness of the career and technical high schools, Brunner says.
However, the findings were limited to males. There were not any noticeable effects in attending a career technical school, either positive or negative, for females, says Stephen Ross, co-author and UConn professor of economics.
“One of our next goals is to look closer at females in these settings and hopefully come up with some answers,” says Ross.
Additionally, in December of 2019, the researchers are slated to receive data on the eighth-graders through the age of 26, providing a fuller picture of the effects.
The study comes as the government continues to invest in this area of education. In 2018, the Carl D. Perkins Career and Technical Education Act was reauthorized, providing $1.2 billion in funding for these programs and job training for students.
Can this study be applied to other states? Possibly, says Ross. While the data clearly shows the positive effect of career technical schools, it’s important to take into account the format of Connecticut.
“For most states, career technical high schools are all over but in Connecticut they really have it as a whole model with one umbrella, one superintendent and its own district,” Ross says.
Further, the degree of career and technical education offered by a traditional high school may impact the findings.
“If your [traditional high] school had a lot of career technical education then getting into the system wasn’t as important,” says Brunner. But if the traditional high school did not, “you got a bigger payoff for going to a career technical high school.”
Professor Prakash to be Published in the Journal of Development Economics
Professor Nishith Prakash’s paper “Do criminally accused politicians affect economic outcomes? Evidence from India” has been accepted for publication in the Journal of Development Economics
Abstract
We study the causal impact of electing criminally accused politicians to state legislative assemblies in India on the subsequent economic performance of their constituencies. Using data on the criminal background of candidates running in state assembly elections for the period 2004–2008 and a constituency-level measure of economic activity proxied by the intensity of night-time lights, we employ a regression discontinuity design and find that narrowly electing a criminally accused politician lowers the growth of the intensity of night-time lights by about 24 percentage points (approximately 2.4 percentage point lower GDP growth). The negative impact is more pronounced for legislators who are accused of serious or financial charges, have multiple accusations, are from a non-ruling party, have less than a college education, or have below median wealth. Overall, we find that the effect appears to be concentrated in the less developed and the more corrupt states. Similar findings emerge for the provision of public goods using data on India’s major rural roads construction program.
“Earlier politicians used criminals. Now the criminals themselves have entered politics” – (Associated Press, 2014).