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.
On July 1 and 2, the Department of Economics hosted the annual New England Experimentalist Workshop.
The Workshop brought together experimental and behavioral economists from twelve universities to present research on topics as diverse as gender pay disparities, self-censorship of political views in the classroom, and effective environmental policy.
The two-day workshop was organized by faculty members Remy Levin and Mike Shor and graduate student Anastassiya Karaban.
The University of Connecticut’s Center for Career Development is excited to announce that Professor Tianxu Chen from the Department of Economics has been selected as a Faculty Fellow for Summer 2024. This prestigious fellowship highlights Professor Chen’s commitment to enhancing students’ career readiness and bridging the gap between academic theory and practical application.
As part of this fellowship, Professor Chen will collaborate with career development experts to integrate career competencies into the curriculum of her labor economics course. The goal is to ensure that students not only grasp economic theories but also understand their relevance in today’s labor market. By incorporating real-world applications and insights from industry professionals, Professor Chen aims to equip students with the skills necessary for success in their future careers.
Jim Lowe, Associate Vice Provost and Executive Director of Career Center, presented the Award.
UConn Center for Career Development hosted the 2024 Career Everywhere Recognition & Celebration Event on May 1, 2024. The event was filled with enthusiasm and camaraderie, fostering meaningful connections among Career Champions in attendance. There are nearly 1,000 dedicated UConn Career Champions (faculty, staff, and employers) who tirelessly support our students in their journey toward post-graduation success.
The nominations for several awards given by the Career Center were solicited from students, faculty, and staff. Professor Smirnova received the inaugural Career Competency Innovation Award.
Nancy Bilmes, Director of the Career Center, described Professor Smirnova’s innovations as aligning course syllabi with NACE career competencies, integrating career readiness modules across their courses on HuskyCT, designing assignments focused on career competencies, presenting at national and regional conferences, and conducting impactful research on the impact of career-focused assignments on students’ knowledge acquisition within their chosen fields. Natalia’s approach to embedding career development into her teaching not only equips students with essential skills but also demonstrates a commitment to fostering holistic growth and success beyond the classroom.
Professor Smirnova’s work on students’ career competencies’ development is documented in her teaching portfolio.
An Alternate View of The American Corporation: Economist Reassesses Twentieth-Century Business
Economist Richard Langlois presents a sweeping new take on so-called managerialism in his acclaimed book
Americans have in recent years become fascinated with the 1950’s and 60’s, as seen in the fascination with hit TV series like “Mad Men,” “The Marvelous Mrs. Maisel,” “Call the Midwife,”and so many others. The mid-to-late-twentieth century has acquired a sheen of romance, becoming in people’s imaginations an era of social connection, “good” jobs and prosperity.
But according to one UConn economist, these so-called golden years, which relied on the success of the modern American corporation, were far from what they seem in hindsight.
The book, which was favorably reviewed in the Wall Street Journal and the Financial Times and was picked as a Foreign Affairs best book of 2023, argues that although the corporation as an institution remains crucial to economic growth and prosperity, the large and extensive corporate structures that dominated much of the twentieth century were something of an aberration rather than a norm.
He writes that extensive managerial corporations were creatures of the mid–twentieth century’s economic and political events – the Depression, the New Deal, and World War II.
(left to right) Mitchell Velasco (’25), Dr. Smirnova, Matthew Dalzell (’25) at the Frontiers of Undergraduate Research Exhibition, Stamford campus, April 16, 2024
The Welcome Center area at the Stamford campus was crowded on April 16th as the Frontiers of Undergraduate Research 2024 exhibition was about to start. Thirteen undergraduate students from the Stamford campus presented their research on various topics within diverse fields of study.
Among the presenters, there were two students of Professor Smirnova, Matthew Dalzell and Mitchell Velasco. Both started their research in the ECON 3431W – Public Economics course. However, their interest in the topic grew and they continued working on their papers.
Matthew Dalzell’s (‘25) paper entitled “The Impact of Privately Owned Buses on Carbon Dioxide Emissions in Connecticut” written in Spring 2023 was presented at the New York State Economics Association (NYSEA) conference 2023 in October. Matthew’s trip to the conference was sponsored by the Office of Undergraduate Research, for which Matthew is grateful. Matthew acknowledged in his speech the benefits of attending a conference outside UConn. He said that such exposure allowed him to see what students at other universities are doing in terms of research, “rub elbows” with professional economists and distinguished faculty, and gain confidence for his studies and future career aspirations.
Mitchell Velasco’s (‘25) paper entitled “Decarbonization of the US Power Grid and Cost Competitiveness of Renewable Energy Technology” was written in Fall 2023. The Frontiers’ presentation was the first outside-of-the-classroom presentation for Mitchell. Dr. Smirnova encourages Mitchell to continue improving his paper and to submit it to the undergraduate panel at the Eastern Economic Association, the annual conference of which is scheduled for February 2025 in New York City.
The Frontiers event showcased the dedication of the Stamford faculty to undergraduate students’ success and to students’ preparation for careers after graduation.
Congratulations to Economics faculty Delia Furtado, who has received promotion to Professor, and Tianxu Chen, promoted to Associate Professor in Residence!
The University of Connecticut Board of Trustees approved the promotions at their Board meeting on Wednesday, April 17th.
Professor Langlois recently participated in the Janus Forum Lecture Series at Brown University, joining Tim Wu, who was President Biden’s special assistant for technology and competition policy, in conversation about the regulation of Big Tech industries.
Mara Gauger (’13) at the Stamford campus on April 9, 2024
Students in Professor Smirnova’s Financial Economics and Money and Banking classes were visited by UConn Alumna, Mara Gauger (’13) on Tuesday, April 9, 2024.
Mara Gauger graduated from UConn with BA degree in Economics in 2013. After graduation, she worked at Citi, and achieved the level of Assistant Vice President. Since 2016 she works at Deloitte.
Mara Gauger is currently a Senior Manager Deloitte’s Capital Markets practice with extensive experience supporting securities firms and broker-dealers. Mara focuses on assisting firms on topics related to securities operations, trading systems, and risk management programs. At Deloitte, Mara has been a lead in the SEC Rule 613 Consolidated Audit Trail project office as well as assisting firms in their design and implementation of the rule requirements. Mara is also a core member of the Deloitte team supporting SIFMA, ICI, and DTCC’s efforts to analyze the impacts of an accelerated settlement cycle (T+1) since inception.
The goal of Mara’s visit was to familiarize students with careers in the financial sector, and mentor them on how to get their first job upon graduation from UConn with the Economics degree. Mara generously shared her wisdom about how to navigate the process of job and internship search: what to showcase on the resume to stand out; how to network through LinkedIn and HuskyLink; how to prepare for and conduct interviews; how to utilize the Career Center and Career Fairs; and what skills and career competencies are in demand in the marketplace.
Students were able to ask questions pertaining to their career aspirations and their experiences with internships and job search. Students who are seniors were the most vocal and were able to ask the most pointed and specific questions. Students who are juniors and sophomores received a motivational advice to start their networking as early as possible. Mara suggested utilizing HuskyLink as the first step of connecting with the UConn alumni.
Mara Gauger (’13) (right) and Dr. Smirnova at the Stamford campus on April 9, 2024
Mara shared that her visit to UConn is the way to give back to her Alma Mater after working in the financial industry for 10 years. She was very supportive of students’ inquiries and honest about identifying the competitiveness of the industry and challenges of getting the first job out of college. Students took her advice and candid conversation in stride. They were encouraged by Mara to continue their studies, gain career competencies, and confidently showcase their strengths and skills to the employers.
Thank you, Mara Gauger (’13) for visiting us at UConn Stamford. We really appreciate it!
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 University of Connecticut’s Center for Career Development is excited to 
