ROBERT E. LUCAS, JR. RECEIVES PHOENIX PRIZE
Greg Kaplan and Guido Menzio. 2016. Journal of Political Economy, 124(3):771-825.
Ufuk Akcigit, Murat Alp Celik, and Jeremy Greenwood. 2016. Econometrica, 84(3):943-84.
Ralph S. J. Koijen, Tomas J. Philipson, and Harald Uhlig. 2016. Econometrica, 84(1):195-242.
Fernando Alvarez, Francesco Lippi, and Luigi Paciello. 2016. Review of Economic Studies, 83(2):421-59.
Alessandra Voena. 2015. American Economic Review. 105(8):2295-332.
Do Competitive Workplaces Deter Female Workers? A Large-Scale Natural Field Experiment on Job Entry Decisions
Jeffrey A. Flory, Andreas Liebbrandt, and John A. List. 2015. Review of Economic Studies, 82(1):122-55.
David Laibson, and John A. List. 2015. American Economic Review, 105(5):385-90.
Myerson, Roger, and Jorgen Weibull. 2015. Econometrica, 83(3):943-76.
Lucas, Robert E. Jr. 2015. American Economic Review, 105(5):85-88.
Philipp Eisenhauer, James J. Heckman, and Edward Vytlacil. 2015. Journal of Political Economy, 123(2):413-43.
Al-Ubaydli, Omar, and John A. List. 2015. American Economic Review, 105(5):462-66.
Bonhomme, Stéphane, and Elena Manresa. 2015. Econometrica, 83(3):1147-84.
Earnings, Disposable Income, and Consumption of Allowed and Rejected Disability Insurance Applicants
Kostøl, Andreas Ravndal, and Magne Mogstad. 2015. American Economic Review, 105(5):137-41.
Environmental Health Risks and Housing Values: Evidence from 1,600 Toxic Plant Openings and Closings
Currie, Janet, Lucas Davis, Michael Greenstone, and Reed Walker. 2015. American Economic Review, 105(2):678-709.
Reny, Philip J. 2015. Econometrica, 83(1):175-92.
Michael Greenstone and Rema Hanna. 2014. American Economic Review, 104(10):3038-72.
Hansen, Lars Peter. 2014. Journal of Political Economy, 122(5):945-87.
Atalay, Enghin, Hortacsu, Ali, and Syverson, Chad. 2014. American Economic Review, 104(4):1120-48.
Alvarez, Fernando and Lippi, Francesco. 2014. Econometrica, 82(1):89–135.
Canay, Ivan A., Santos, Andres, and Shaikh, Azeem M. 2013. Econometrica, 81(6):2535–2559.
Truth-Telling by Third-Party Auditors and the Response of Polluting Firms: Experimental Evidence from India
Michael Greenstone, Esther Duflo, Rohini Pande, and Nicholas Ryan. 2013. Quarterly Journal of Economics, 128(4):1499-1545.
Evidence on the Impact of Sustained Exposure to Air Pollution on Life Expectancy from China’s Huai River Policy
Michael Greenstone, Yuyu Chen, Avraham Ebenstein, and Hongbin Li. 2013. Proceedings of the National Academy of Sciences, 110(32):12936-12941.
Steven D. Levitt, John A. List, and Chad Syverson, 2013. Journal of Political Economy, 121(4):643-81.
Lucas, Robert E. 2013. American Economic Review, 103(3): 43-47.
Posner, Eric, and E. Glen Weyl. 2013. American Economic Review, 103(3): 393-97.
Fryer, Roland G., and Steven D. Levitt. 2013. American Economic Review, 103(2): 981-1005.
DellaVigna, Stefano, John A. List, Ulrike Malmendier, and Gautam Rao. 2013. American Economic Review, 103(3): 586-590.
The 2007 Subprime Market Crisis Through the Lens of European Central Bank Auctions for Short-Term Funds
Cassola, Nuno, Ali Hortacsu, and Jakub Kastl. 2013. Econometrica, 81(4): 1309-1345.
Weyl, E. Glen and Michal Fabinger. 2013. Journal of Political Economy, 121(3): 528-583.
Weyl, E. Glen and Jean Tirole. 2012. Quarterly Journal of Economics, 127(4): 1971-2003.
Myerson, Roger. 2012. Journal of Political Economy, 120(5): 847-78.
Barlevy, Gadi, and Derek Neal. 2012. American Economic Review, 102(5): 1805-1831.
Hortacsu, Ali and Jakub Kastl. 2012. Econometrica, 80(6): 2511-42.
Alvarez, Fernando, Luigi Guiso, and Francesco Lippi. 2012. American Economic Review, 102(5): 2272-2300.
De Los Santos, Babur, Hortacsu, Ali, and Matthijis R. Wildenbeest. 2012. American Economics Review, 102(6): 2955-80.
DellaVigna, Stefano, John A. List, and Ulrike Malmendier. 2012. The Quarterly Journal of Economics, 127(1): 1-56.
Kitamura, Yuichi, Andres Santos, and Azeem M. Shaikh. 2012. Econometrica, 80(1): 413-23.
Andersen, Steffen, Seda Ertaç, Uri Gneezy, Moshe Hoffman, and John A. List. 2011. American Economic Review, 101(7): 3427–39.
Alvarez, Fernando E., Francesco Lippi, and Luigi Paciello. 2011. The Quarterly Journal of Economics, 126(4): 1909-1960.
Carneiro, Pedro, James J. Heckman, and Edward J. Vytlacil. 2011. American Economic Review, 101(6): 2754–81.
Saieh Hall Receives Frank Lloyd Wright Honor Award
Citing the adaptive reuse of the former CTS building as an “innovative model for campus planning, growth, sustainability, and stewardship,” the American Institute of Architects Illinois chapter has granted Saieh Hall for Economics its 2016 Frank Lloyd Wright Honor Award for New Design or Renovation. This award recognizes an individual building project with the largest impact that closely adheres to AIA’s Principles of Livable Communities. The organization also commended Ann Beha Architects’ transformation of the building complex for its exploration of “the discourse between historic and contemporary design.” The Saieh Hall award ceremony will be held in SHFE 201 in early October.
Romer Named World Bank Chief Economist
"This position gives me a unique chance to learn about the thing that fascinates me most - producing knowledge that is useful in the sense that it yields benefits on the scale of billions of people," writes Paul Romer, a University of Chicago alumnus (Mathematics BA'77, Economics PhD'83) recently named the World Bank's new Chief Economist. Romer is currently a Professor at NYU's Stern School of Business, and heads their Urbanization Institute. In the late 1980s, Romer was also a faculty member of the University of Chicago Economics Department. In a Wall Street Journal interview, World Bank President Jim Yong Kim praised Romer's "deep commitment to tackling poverty and inequality and finding innovative solutions" to global economic challenges. Romer will succeed Kaushik Basu as Chief Economist this fall. Read full story.
List Recognized with Named Distinguished Professorship
The Department of Economics is proud to announce that chairman John List has been named the University's first Kenneth C. Griffin Distinguished Service Professor in Economics and the College. Known as one of the world's leading experts on experimental economics, List has generated key insights on a broad range of research issues including pricing behavior, market structure, the valuation of non-marketed goods and services, the impact of environmental regulation, the economics of charitable giving, and the impact of incentives on education.
Our congratulations to this year's UChicago Economics PhD graduates: Sara Moreira, Martin Beraja, Anushree Subramaniam, Nancy Hammond, Sihoon Nahm, Ippei Shibata, Philip Barrett, Raluca Ursu, Hyun Lee, Jonathan Adams, Alexander MacKay, Ignacia Mercadal, Gunnar Heins, Yang Xu, and Sarah Komisarow. Also shown are faculty members Prof. Ali Hortaçsu, Prof. Fernando Alvarez, and Prof. Hugo Sonnenschein. (Click photo to enlarge; credit: Ignacia Mercadal.)
Neal Receives Quantrell Award
"There's something in every class you take that could shape your future," says Derek Neal, one of this year's recipients of the treasured Llewellyn John and Harriet Manchester Quantrell Awards for Excellence in Undergraduate Teaching at the 527th Convocation Ceremony at the University of Chicago. Presented annually since 1938, they are believed to be the nation's oldest prize in undergraduate teaching. Read full story.
Alumni Weekend Economics Events
On Friday June 3rd, join Roger Myerson and Casey Mulligan for a lively Economics Panel Discussion, "Debating the Merits of the Economic Policies of the Presidential Candidates," from 2:00-3:00pm in SHFE 146. Join John List, Chairman of the Department of Economics, as he moderates this discussion and asks his colleagues about the viability of the Presidential Candidate’s economic platforms. How much do presidents actually impact the economy? Which party’s policies are actually better for domestic growth? Find out the answers to these and other immediately relevant questions from UChicago Economists. Following the Department of Economics Panel Discussion, join us for the Undergraduate Student Poster Session from 3:00-4:30pm in SHFE 100X (Annex Lobby). The Poster Session is a forum for the top undergraduate students to inform Alumni about the renewal taking place in the Department of Economics. Learn about life in the classroom and the new approach to teaching Economics Undergrads from the students themselves. Following the poster presentations, come and mingle with faculty and students of the Department at the Economics Reception to hear about and discuss their current research in the new Research Pavilion at Saieh Hall for Economics.
Faculty Room Named in Honor of Siegel; Friedmans
Saieh Hall’s historic meeting room 112 has been dedicated in honor of Milton and Rose Friedman and their longtime friend and colleague Jeremy Siegel, who was a member of the University of Chicago faculty in the 1970s. Professor Siegel gave a special lecture during the May 25th faculty luncheon and dedication ceremony of the Jeremy J. Siegel Faculty Seminar Room in Honor of Milton and Rose D. Friedman, and was also honored at the evening naming reception hosted by University of Chicago Provost Eric D. Isaacs and Division of the Social Sciences Dean David Nirenberg.
Students Honored at Awards Ceremony
On Wednesday, May 25th the Department of Economics and the Becker Friedman Institute hosted the annual Undergraduate Student Awards Ceremony and Luncheon at Saieh Hall, honoring students who have demonstrated outstanding scholarship in economics, mathematics, and statistics. Economics Department Chair John List opened the ceremony, with Lars Peter Hansen and Grace Tsiang presenting the BFI and Economics awards, respectively. Among the honorees were Matthew Tauzer, BFI Award for Academic Achievement in Microeconomics; Abhi Gupta and Daniel Roberts, sharing the BFI Award for Academic Achievement in Macroeconomics; Nicole Gorton, BFI Award for Outstanding Undergraduate Service. Recipients of the David S. Hu Awards in Economics were Michael Galperin, Zhida Gui, Abhi Gupta, Michelle Jiang, Michael Sheldon, and Querida Qiu.
Greenstone's Energy Research Makes Long-Term Impact
Michael Greenstone, the Milton Friedman Professor in Economics, the College and the Harris School of Public Policy, and director of the Energy Policy Institute at the University of Chicago, is the subject of an in-depth feature examining his ongoing research on the human and economic costs of pollution and climate change. "For the first time in human history, we have the data and capabilities to find solutions to these challenges," says Greenstone. John List, department chairman and the Homer J. Livingston Distinguished Service Professor of Economics, says Greenstone’s "work has lent important empirical insights to policymakers around the world, opened up new avenues of academic research, and tested important economic theories across the spectrum." Read full story.
Economics Department Welcomes New Faculty Members
We are pleased to announce that Greg Kaplan (Princeton) joined our faculty May 1st as Professor in Economics and the College, with Pietro Tebaldi (Stanford) and Leo Bursztyn (UCLA Anderson) joining the department this July as Assistant Professors in Economics and the College. Kaplan is a macroeconomist whose research focuses on inequality, consumption, risk sharing, life-cycle behavior, and aggregate fluctuations. Tebaldi's fields of interest include industrial organization, applied microeconomic theory, health economics, and insurance markets. Bursztyn's work centers on political economy and development economics, with recent research into educational preferences and decision-making, consumer behavior in developing nations, and the effect of media on behavior. We also welcome Elliot Lipnowski (NYU Stern), joining the Becker Friedman Institute this July as a Research Fellow, and who will join the Economics Department in July 2017 as an Assistant Professor in Economics and the College. Lipnowski studies microeconomic theory, specializing in dynamic games of incomplete information.
Hortaçsu Elected to American Academy of Arts and Sciences
Professor Ali Hortaçsu, the Ralph and Mary Otis Isham Professor of Economics and in the College, is one of this year's newly elected members of the American Academy of Arts and Sciences, one of the nation's most prestigious honorary societies. His research focuses largely on industrial organization, multi-unit auctions, production and financial networks, and the empirical assessment of market efficiency. Read full story.
Magne Mogstad will receive one of this year's Fridtjof Nansen Awards for Young Scientists "for his outstanding research in the field of economics." This honor is given to Norwegian researchers under age 40 who have "shown scientific contributions of international significance on a very high level," according to Line Therese Naevestad, Senior Adviser at the Norwegian Academy of Science and Letters. The awards will be presented at the Academy's May 3rd annual meeting in Oslo.
"What once divided, now connects," says Ann Beha Architects' Philip Chen in Contract Design Magazine, a statement that describes both Saieh Hall's spacious, cathedral-like entrance and a key architectural concept behind its re-invention as new home base for the Department of Economics and the Becker Friedman Institute. The recent article surveys the building's transformation from contemplative Gothic seminary into an array of unique collaborative spaces that include specialized features such as whiteboards and chalkboards in public areas, because "economics dialogue ... requires problems to be worked out in writing." "Our old quarters [in Rosenwald Hall] did not promote collaboration," said Department of Economics Chair John List, "The new building maximizes cohesiveness through its common areas." Read full story.
Heckman Named Dan David Prize Laureate
Prof. James J. Heckman is one of this year’s recipients of the international Dan David Prize, among one of three economists recognized for their efforts in fighting poverty. According to the Dan David Foundation, Heckman’s research underscores "the importance of early childhood education, nurture and well-being," while "[h]is findings fundamentally refocus policy attention…and influence the discussion of global poverty worldwide." Social Sciences Division dean David Nirenberg praised Heckman’s work, saying, "It is impossible to overstate the significance of Prof. Heckman’s achievements and his enormous contribution in the fight to eradicate poverty." This year’s laureates will be honored at a May 22 ceremony at Tel Aviv University. Read full story.
Lucas Receives Phoenix Prize
The Division of Social Sciences has announced that Prof. Robert E. Lucas, Jr. will receive the Phoenix Prize in recognition of his outstanding and loyal service to the University of Chicago, and the enormous influence of his work on the field of economics. The Phoenix Prize is the highest honor the Division bestows upon a colleague, awarded periodically "to those who…have changed the trajectory of research in the social sciences and have contributed to the cycle of intellectual renewal across the disciplines." Social Sciences Dean David Nirenberg stated Lucas' research and teaching "have refocused the way we think about the world and [have] enlightened generations of economists." Lucas received his Ph.D. from the University of Chicago in 1964 and has been a faculty member since 1973. The prize was previously awarded to James Coleman, Professor in Sociology, in 1994; to Marshall Sahlins, Professor in Anthropology and Sociology, in 1998, and most recently in 2001 to Prof. Gary Becker.
Heckman Receives Madison Medal
Prof. James J. Heckman has been named this year's recipient of the James Madison Medal, Princeton University's highest alumni honor, in recognition of his distinguished scholarship and public service. "[Heckman's] work provides a valuable foundation for policymakers," according to Sanjeev Kulkarni, dean of Princeton's Graduate School; "[his] recent work shows the enormous benefits of investing in early childhood education." Justin Mikolay, president of the Association of Princeton Graduate Alumni, emphasized that Prof. Heckman "has related his specialized knowledge to more and more general problems, and as a result many others are applying his scholarship for the common good." Read full story.
List and Greenstone Elected Econometric Society Fellows
The Econometric Society welcomes Department of Economics faculty Chair Prof. John List and Prof. Michael Greenstone as newly elected Fellows. Society Executive Vice-President Bernard Salanié calls their election a "fitting recognition of [their] highly regarded contributions to Economics." The Econometric Society is an international organization for the advancement of economic theory in its relation to statistics and mathematics.
Moll Wins EIB Young Economist Award
Our congratulations to Benjamin Moll (Econ, PhD'10), this year's recipient of the European Investment Bank's Young Economist Award. Moll, currently Assistant Professor of Economics and International Affairs at Princeton, will present a keynote lecture and receive the prize this November at the EIB Economics of Inequality and Economic Growth Awards Ceremony in Luxembourg.