Professor Ross was interviewed by Realtor.com about racial differences in the price of mortgage credit.
The full article, “The Damaging Racism Hiding in Mortgages—Even Today”, may be found online at:
The Surprising Ways Race Remains a Factor in Mortgage Lending
A working paper has been released by the National Bureau of Economic Research that examines the impact of COVID-19 on minority unemployment through the most recent release of Current Population Survey (CPS) data for April of 2020.
The research finds that unemployment of blacks (at 16.6 percent) has not been impacted as severely as during past downturns although their unemployment rate is above the national average of 14.7 percent. In comparison, Latinx unemployment (at 18.2 percent) has been much more impacted than in recent months or the Great Recession. Historically, unemployment of blacks would be greater than that of Latinx throughout the business cycle. In the April CPS data, for the first time, unemployment of Latinx is higher. The analysis reveals that the disproportionate impact among the Latinx is related to lower levels of education, less work experience, and a concentration of employment in industries and occupations that left them more vulnerable to job loss.
The research is co-authored by Robert Fairlie of the University of California Santa Cruz, UConn Faculty member Ken Couch, and Huanan Xu of Indiana University South Bend. Xu is an alumni of the UConn Ph.D. program in economics.
The working paper can be found at this link:
Professor Jorge Agüero’s article “Is Community-Based Targeting Effective in Identifying Intimate Partner Violence?” has been published in the American Economic Review Papers and Proceedings:
Is Community-Based Targeting Effective in Identifying Intimate Partner Violence?
Jorge M. Agüero, Úrsula Aldana, Erica Field, Veronica Frisancho and Javier Romero
We measure the effectiveness of community-based targeting to identify victims of intimate partner violence (IPV) in rural Peru. In 254 villages, we collected self-reported data on IPV via a DHS-style questionnaire and compared it to a listing of women elicited from female community leaders. The results indicate that IPV is widely underreported by leaders: on average, leaders report an IPV rate of 17.9 percent, and when asked to name individuals, report only 7.7 percent of women. Both numbers are well below the 38.3 percent measured through self-reports. Overall, the evidence does not support community-based instruments for identifying IPV victims or rates.
UConn’s Nishith Prakash and Lindsey Buck, along with coauthors Maria Micaela Sviatschi and Sofia Amaral were awarded a $76,000 grant from Princeton in order to study COVID-19’s implications on domestic violence.
Project Title: Macroeconomic Shocks and Domestic Violence: Evidence from COVID-19
Abstract:
Domestic violence (DV), defined as stalking, rape, or physical violence, is a global problem with 35% of women worldwide reporting experiencing DV (WHO 2017). In this project, our goal is twofold. First, we aim to look at COVID-19 – a large macroeconomic and health shock — on an important outcome from a welfare perspective: domestic violence (DV). DV is an important outcome to study because it has large financial and health implications; DV survivors suffer reductions in earnings and poor health (Aizer, 2011) and the CDC spends $5.8bn annually on health costs related to DV (St. Jude House). Second, we also aim to test two interventions that are likely to determine pathways to aid victims of DV during a pandemic: one consists of providing labor market opportunities for women and a second one on providing information on how to identify and respond in DV cases. We will sample 4000 women in the U.S. on the M-Turk platform and collect information on their financial, emotional, and relationship stress levels. Then, we provide two interventions. The first treatment will provide information on the National Domestic Violence Hotline (NDVH), where trained advocates are available to talk confidentially and provide resources on DV. We will also provide the NDVH’s resources on healthy relationships, legal help, and conflict resolution. The second treatment will provide a cash transfer to women for completing tasks on M-Turk; in this way we will increase women’s labor market opportunities at home. Our results will shed light on two important questions: First, can information mitigate the effects of DV? Secondly, can labor market opportunities mitigate the effects on DV? Our goal is to look at the broad implications of COVID-19 on DV and illustrate policy opportunities to mitigate DV in the wake of an unprecedented macroeconomic shock.
More information on the project can be found here: https://www.eeassoc.org/index.php?site=JEEA&page=298&trsz=299 and in a recent article in UConn Today:
How will COVID-19 Affect Domestic Violence?
Associate Professor of Economics Nishith Prakash and graduate student Lindsey Buck are part of a research group that was awarded a $76,000 grant from Princeton University to study COVID-19’s implications on domestic violence. They will test two interventions that are likely to determine pathways to aid victims of domestic violence during a pandemic: One consists of providing labor market opportunities for women, and a second one that provides information on how to identify and respond in domestic violence cases.
https://today.uconn.edu/school-stories/clas-faculty-students-shifting-work-covid-19/?utm_source=listserv&utm_medium=email&utm_campaign=weekly&utm_content=uconn-today
Congratulations to Economics faculty member David Simon, who has received promotion to tenured Associate Professor!
The UConn Board of Trustees approved the promotion, effective August 23rd, at the Board meeting on Wednesday, April 29th.
We understand and sympathize with the difficulty that many of you have faced during the Covid-19 crisis, and imagine that many of your future plans have been upset. Given that some of you may be looking for new options for the fall, we have decided to re-open admissions to the Masters of Science in Quantitative Economics (MSQE) to start this fall (2020) until June 1.
The MSQE program is a three semester, rigorous calculus based master’s program in Economics that is designed to provide students with advanced skills in econometrics, forecasting, machine learning, empirical finance and other quantitative techniques that are highly valued in the labor market. Students will learn to program in both R and Python. Some of our recent graduates from the MSQE program have landed jobs at Cigna, The Hartford, Lockheed Martin, McLagan, Travelers and Pratt & Whitney.
Economic majors and minors who have completed at least two semesters of calculus who are strong in mathematics, or math and statistics majors who have completed some economics coursework (or are willing to complete coursework over the summer), would be excellent candidates for this program. If you would like more information about how to apply, please contact Ms. Rosanne Fitzgerald at rosanne.fitzgerald@uconn.edu. If you have general questions about the program focus and content, please contact Professors Kim at min_seong.kim@uconn.edu or Ross at stephen.l.ross@uconn.edu. More information is also available at the following website https://msqe.econ.uconn.edu/.
We wish you well during the next very challenging year and hope that this expanded application period will provide some of you with a needed opportunity.
Although the department was not able to celebrate with an awards banquet this year, we still are able to recognize the best among undergraduate and graduate students, as well as faculty! This year’s award recipients are:
Undergraduate Awards
Economics Department General Scholarship
Yulia Bragina
Tyler DiBrino
Kevin Fiddler
Melissa Mendez
Sueing Ngov
Shannon O’Connor
Gabriela Rodriguez
Kathryn A. Cassidy Economics Scholarship
Kelly-Anne Moffa
Katelyn Mooney
Rockwood Q. P. Chin Scholarship
Kevin Fiddler
Devin Pallanck
Gabriela Rodriguez
Yumeng Shao
Louis D. Traurig Scholarship
Marisa Infante
Spencer Kinyon
Linge Yang
Ajshe Zulfi
Albert E. Waugh Scholarship
Xiaofeng Gong
Paul N. Taylor Memorial Prize
John Peterson
Julia & Harold Fenton and Yolanda & Augustine Sineti Scholarship
Tyler DiBrino
Charles Triano Scholarship
Tiffany D’Andrea
James Rice
Dr. Joseph W. McAnneny Jr. Scholarship
Madeline Danziger
Zian Zhang
Robert J. Monte Scholarship
Luis Cruz
Ross Mayer Scholarship
Michelle Grieco
Mary Vlamis
Graduate Awards
W. Harrison Carter Award
Lindsey Buck
Abraham Ribicoff Graduate Fellowship
Yangkeun Yun
Timothy A. and Beverly C. Holt Economics Fellowship
Yijia Gao
Xuejian Gong
Ruohan Huang
Ha Kyeong Lee
Wensu Li
Miranda Mendiola Valdez
Ziyun Wu
Economics Department General Scholarship
Jingyun Chen
Chun Li
Jinning Wang
Heli Xu
Best Third Year Paper Award
Erdal Asker
Deepak Saraswat
Graduate School Pre-Doctoral Fellowship
Treena Goswami
Huarui Jing
Anastassiya Karaban
Xizi Li
Shilpa Sethia
Rui Sun
Jiaqi Wang
Wei Zheng
Faculty Awards
Grillo Family Research Award
Grillo Family Teaching Award
Congratulations to everyone!
MSQE student Yuansun (Sonny) Jiang’s COVID-19 Connecticut Data Visualization website has been featured in UConn Today:
UConn Student Tracks Pandemic With Data
“Using the skills he was learning in Prof. Oskar Harmon’s Writing and Communication for Economics and Business graduate course, Jiang began assembling the COVID-19 Connecticut Data Visualization website, where he daily charts the pandemic’s course both here in Connecticut and across the country.”
Read the full article at https://today.uconn.edu/2020/04/uconn-student-tracks-pandemic-data
Information about the MSQE Program may be found online at https://msqe.econ.uconn.edu/
Based on his research of the impact of the 2009 H1N1 pandemic, Professor Jorge Agüero has published two op-eds for Peruvian outlets on the economics of the Covid-19, how it could affect the Peruvian economy and the role of public policies to reduce the impact of the pandemic.
His February column was published in the leading newspaper El Comercio and his most recent article was published this week focusing on the difficulty of adopting hand washing as a common practice.
On February 27, 2020, two Economics students from the Storrs campus (Daija Brunson and Pershae Gilling) and one Economics student from the Stamford campus (Viviana Castillo) got the chance to travel to Cleveland, OH, for a Women in Economics Symposium. In the morning of the event the students got the chance to meet Research Assistants for the Federal Reserve Bank of Cleveland and ask them questions about their journey so far. A lot of insight was given by the Research Assistants and they were very helpful in providing guidance to the students about what they should do in the future.
The students also got the chance to tour the bank and they were even able to go down to the cash processing center where they could see how automation plays a big role in their daily processes.
The symposium was held at the Federal Reserve Bank of Cleveland and included keynote addresses from Dr. Lisa Cook, Director of the AEA Summer Program and Dr. Julianne Malveaux, Founder of Economic Education Institute. In addition, during the symposium the students got the chance to sit through different discussion panels with topics about what to do with a degree in economics, how to get a PHD, and how to navigate the workforce as a female.
During the reception they got a chance to meet other students and employees from the Federal Reserve Bank of Cleveland, including Dr. Loretta Mester, the President and CEO of the bank. Overall, the full day was filled with a lot of information and it provided the students with a lot of guidance as to what they should do in the future. The students came back feeling very energized and excited as to what the future holds for them.
Written by Viviana Castillo and Dr. Natalia Smirnova