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The National Bureau of Economic Research has released a new working paper (18618), “Consolodating the Evidence on Income Mobility in the Western States of Germany and the U.S. from 1984-2006”, written by Gulgun Bayaz-Ozturk, Richard Burkhauser, and Kenneth Couch. The paper examines long-term changes in economic mobility in the western states of Germany before and after reunification and finds that it has declined significantly. The analysis also shows that economic mobility in terms of household-size adjusted income did not change over the same period in the United States. The research provides the first evidence of a change in the rate of economic mobility within a society over time.
Gulgun Bayaz-Ozturk received her Ph.D. in economics from the University of Connecticut and is a Post-Doctoral Fellow at the CUNY School of Public Health, Richard Burkhauser is a Professor in the Department of Policy Analysis and Management at Cornell University, and Kenneth Couch is a Professor in the Department of Economics at the University of Connecticut.
We will be hosting a UConn reception on Saturday, January 5 at 6:30 p.m. at the Manchester Grand Hyatt-Randle D. This information on this reception will be published in the Daily Events calendar of the meeting, in case you forget the details.
See you there!
On Friday, November 16, the Economics Department welcomed back an illustrious alumnus as a speaker in the department’s weekly seminar series. Jeffrey Milyo ’86, Middlebush Professor of Social Sciences at the University of Missouri, spoke on “Campaign Finance Reform and the ‘Actuality and Appearance’ of Corruption.”
Milyo graduated from UConn as an Honors and University Scholar, which allowed him to receive the B.A. and M.A. in Economics simultaneously. He received his Ph.D. in Economics from Stanford, and went on to positions at Tufts and the University of Chicago before coming to Missouri.
Using differences in campaign-finance laws among U. S. states as a natural experiment, Milyo’s seminar paper tested empirically the effect of campaign-finance reform on corruption in government. His conclusion is that campaign finance reform has no discernible effect on levels of corruption.
On August 10, 2012, Sanglim Lee defended his dissertation entitled “Expected Currency Excess Returns and Debt in the Business Cycle,” under the supervision of Professor Christian Zimmermann.
In the first chapter of his dissertation, Sanglim shows that the risk premium is an important factor in explaining deviations from Uncovered Interest Parity (UIP) in 20 developed and 18 developing countries. In the second chapter, he further examines the UIP condition with a two-country International Real Business Cycle model and shows that the business cycle risk driven by total factor productivity can account for deviations from UIP. The third chapter examines the effects of fiscal austerity on the Canadian economy using a two-sector small open economy model. The model’s simulation results indicate that the effect of fiscal austerity on the economy depends crucially on the relationship between public-debt levels and country-risk premiums.
Starting on October 8th, Sanglim works as a research fellow at the Korea Energy Economics Institute in South Korea.
On October 15, 2012, the UConn Alumni Association welcomes Travelers in presenting a film screening and discussion of Overdraft. Overdraft is a documentary sponsored by Travelers focusing on America’s debt crisis.
Registration is recommended for this event, which will be held in the Student Union ballroom followed by a viewing of the film in the theater. There will also be a discussion panel led by UConn faculty following the film.
To read more and to register, please click here.
On April 11, Economics Ph.D. candidate Leshui He presented a paper at the Universitas 21 Doctoral Conference organized in Hartford by the UConn School of Business. UConn recently joined Universitas 21, which is a consortium of top universities in 13 countries. The doctoral conference brought to UConn graduate students and faculty from many member universities, providing Ph.D. students with comments on their work and an opportunity to meet and network with their counterparts from around the world. Leshui’s dissertation advisor, Professor Richard Langlois, who is a member of UConn’s Study Abroad Advisory Committee, served as discussant for a number of papers at the conference.
A few days later, on April 14, Leshui presented the same paper — titled “Subeconomy Meets Property Rights: A Theory of the Firm” — at the annual doctoral colloquium of the Consortium for Competitiveness and Cooperation (CCC), held this year at the Robert H. Smith School of Business of the University of Maryland.
The Economics Department hosts two groups on LinkedIn for our graduate programs. Current PhD and MA students, as well as those who have received either degree, are encouraged and invited to join the appropriate group. Long after your direct connection to the university has gone, you will be able to contact old classmates, utilize networking opportunities, and receive updates on the department. These groups will also be our main source of contact information for those on the job market.
To join LinkedIn, please click here.
On April 12, the department convened for an awards banquet that recognized the best among undergraduate and graduate students, as well as faculty. This year’s award recipients are:
Omicron Delta Epsilon inductees:
Louis D. Traurig Scholarship
Ross Mayer Scholarship
Paul N. Taylor Memorial Prize
Rockwood Q. P. Chin Scholarship
W. Harrison Carter Award
Albert E. Waugh Scholarship
Abraham Ribicoff Graduate Fellowship
Economics Department General Scholarship (for 2012: Recognition for Excellence as a Teaching Assistant)
Matthew Joseph Histen
Timothy A. and Beverly C. Holt Economics Fellowship
Grillo Family Research Award
Congratulations to everyone!
Nicholas Jolly will joint the faculty of the economics department at Marquette University in a tenure track position in the Fall of 2012. Nick’s work focuses on issues related to the experiences of displaced workers as well as the impact of the onset of health problems on subsequent labor market activity. His work has been published in numerous journals including Industrial Relations, Economics Letters and Contemporary Economic Policy. He was the recipient of the Ribicoff and Waugh Fellowships as a graduate student at UConn. Nick has been employed at Central Michigan University prior to joining Marquette. He completed his PhD in 2008 working with a committee consisting of Ken Couch, Delia Furtado and Gautam Tripathi.
Economics undergraduate student Yuriy Loukachev has been selected to receive a 2012 SHARE (Social Science, Humanities, and Arts Research Experience) Award for undergraduate research. Yuriy will be studying the economic theory of auctions with Professor Mike Shor in the Spring of 2012. He will receive a stipend from the Office of Undergraduate Research, and will present the results of his research at a poster exhibition to be held in the Spring of 2012.