Isidore and Gladys J. Brown Professor,
Research Associate, National Bureau of Economic Research
B.A. (with High Honors),
FIELDS OF SPECIALIZATION
Microeconomics, Labor Economics, Industrial Organization, Health Economics
Professor of Economics, Graduate
School of Business, University of Chicago, 1986-1993
Professor of Economics, Department of Economics, University of California, Los Angeles, 1986
Associate Professor of Economics, Department of Economics, University of California, Los Angeles, 1985-86
Associate Professor of Economics, Graduate School of Business, University of Chicago, 1983-85
Assistant Professor, Department of Economics, University of Chicago, 1980-83
Research Associate, National Bureau of Economic Research,
Senior Fellow, the Milken Institute, 1999—present
Member, Brookings Panel on Economic Activity, various years.
Visiting Scholar, Board of Governors of the Federal Reserve,
Research Associate, Economics Research Center, NORC, 1980—1990
Consulting Economist, The Rand Corporation, 1982—1989
Research Associate, Center for the Study of the Economy and the State, 1980—present
Faculty Research Fellow, National Bureau of Economic Research, 1981-83
Research Economist, Unicon Corporation, 1981-88
Partner, Chicago Partners LLC 1994-present
Associate Editor, Journal of Labor Economics, 1982-92
Board of Editors, American Economic Review, 1992-94
Editorial Board, International Journal of the Economics of Business, 1993-
Editor, Journal of Political Economy, 1993-2003
Member of the Advisory Board, ERN Labor Journals
HONORS & AWARDS
Kirby Distinguished Visiting Professor,
Elected Fellow, Society of Labor Economists, 2004
Elected Member, Conference on Research in Income and Wealth
Elected Founding Member, National Academy of Social Insurance
William Ladany Research Scholar, University of Chicago, 1989-91
William Fishman Research Scholar, University of Chicago, 1986-87
Smith Richardson Dissertation Fellowship in Political Economy, 1978-79
Foundation for Research in Economics and Education Fellowships, 1975-79
Chancellor’s Intern Fellow, University of California, Los Angeles, 1975-79
University Fellow, Northwestern University, 1975
General Electric Dissertation Fellowship, 1978
Graduate Economic Theory I, II, III
Advanced Topics in Labor Economics
Advanced Topics in Microeconomics
Managing the Workplace
OTHER PROFESSIONAL ACTIVITIES
Nominating Committee, American Economic Association, 1996, 1997
Program Committee, American
Economic Association, 2006-2007.
Organizer, Universities-NBER Research Conference: “Labor Markets in the 1990s,”
Program Chair, Labor Economics, Econometric Society Meetings, December 1989.
National Science Foundation Review Panel in Economics, 1998, 1999
Federal Reserve Bank of
The Welfare State in Transition, with Richard Freeman and Birgitta
Labor Market Data and Measurement, with John Haltiwanger and
Välfärdsstat i omvandling: Amerikanskt Perspectiv pä den Svenska Modelten, with Richard Freeman and Birgitta Swedenborg. Författarna och SNS Förlag, 1995.
Measuring the Gains from Medical Research: An Economic Approach, with
Kevin M. Murphy.
Reforming the Welfare State: Recovery
and Beyond in
Att Reformera Välfärdsstaten, with Richard Freeman and Birgitta Swedenborg, SNS Förlag, Stockholm, 2006
Articles and Monographs:
“Layoffs, Inventories, and the Demand for Labor,” Ph.D. Dissertation,
“Unemployment Insurance: Survey and Extensions,” Economica 47 (August 1980): 351-79 (with F. Welch)
“Inventory Adjustments, Industry Behavior, and the Business Cycle,” presented at the NBER Conference on Inventories and Business Cycles, March 1980 (with A. Stockman)
“Inventories, Layoffs, and the Short-Run Demand for Labor,” American Economic Review (September 1982): 769-87.
“Experience Rating of Unemployment Insurance and the Incidence of Unemployment,” Journal of Law and Economics (April 1984): 61-90.
“On Layoffs and Unemployment Insurance,” American Economic Review (September 1983): 541-59.
“Equilibrium Earnings, Turnover, and Unemployment: New Evidence,” Journal of Labor Economics (October 1984): 500-22.
“Local Labor Markets,” Presented at
“Estimation and Inference in ‘Two-Step’ Econometric Models,” (with K. M. Murphy) Journal of Business and Economic Statistics 3 (October 1985): 370-80.
“Employment Risk, Sectoral Shifts, and Unemployment,” (with G. Neumann), in Studies
in Search, ed. N. M. Kiefer and G. R. Neumann.
“Unemployment and Unemployment Insurance,” Research in Labor Economics 7 (1985): 91-135.
“Efficient Labor Contracts with Employment Risk,” (with F. Welch),
“Financing Unemployment Insurance: History, Incentives, and Reform,” in Unemployment
Insurance: The Second Half Century, ed. W. Lee Hansen and J. Byers.
“Sectoral Uncertainty and Unemployment,” UCLA Department of Economics
Working Paper No. 384, September 1985 (with L. Weiss), in Employment,
Unemployment, and Labor Utilization, ed. R. A. Hart.
“The Housing Market in the
“What They Say or What They Do? The Use of Survey Data in Predicting
Behavior” (with K. M. Murphy), Graduate
“Unemployment, Risk and Earnings: Theory and Evidence from a Model of Equalizing Wage Differentials” (with K. M. Murphy), in Unemployment and the Structure of Labor Markets, ed. J. Leonard and K. Lang. London: Basil Blackwell, 1986, pp. 103-140.
“Job Mobility, Search, and Earnings Growth: A Reinterpretation of Human Capital Earnings Functions,” Research in Labor Economics 8 (1986): 199-233.
“The Evolution of Unemployment in the
“The Impact of Immigration on the Labor Market,” in Immigration, Trade,
and the Labor Market, ed. R. Freeman.
“Efficiency Wages Reconsidered: Theory and Evidence” (with K. M. Murphy), in
Advances in the Theory and Measurement of Unemployment, pp. 204-40.
Edited by Yoram Weiss and Gideon Fishelson.
“Labor Market Adjustments to Increased Immigration,” (with R. LaLonde), in Immigration,
Trade, and the Labor Market, ed. R. Freeman.
“Job Mobility and the Careers of Young Men” (with M. P. Ward), Quarterly Journal of Economics 107 (May 1992): 441-79.
“Employment Risk, Diversification, and Unemployment,” (with George Neumann) Quarterly Journal of Economics (November 1991): 1341-1365.
“Specific Capital, Mobility, and Wages: Wages Rise with Job Seniority,” Journal of Political Economy 99 (February 1991): 145-76. Reprinted in Outstanding Contributions in Labor Economics, ed. Orley Ashenfelter, Worth Publishers, 1999: 162-192.
“Specific Capital and Unemployment: Measuring the Costs and Consequences of Worker Displacement.” Carnegie-Rochester Series on Public Policy 33 (1990): 181-214.
“The Assimilation of Immigrants in the
“Trends in the American Labor Market,” GSB
“Why Has the Natural Rate of Unemployment Increased over Time?” (with K. Murphy and C. Juhn), Brookings Papers on Economic Activity 2 (1991), pp. 75-142.
“Immigrant Quality and Assimilation in the American Labor Market” (with R. LaLonde), American Economic Review, 81 ( May 1991): 297-302.
“Unemployment and Insurance,” in Proceedings of
“Labor Markets and Economic Growth: Lessons from
“Wage Inequality and Regional Labor Market Performance in the
“Discretion and Bias in Performance Evaluation” (with C. Prendergast), European Economic Review 36 (June 1993): 355-65.
“What Have We Learned from Empirical Studies of Unemployment and Turnover?” American Economic Review, 83 (May 1993): 110-115.
“Regional Labor Markets and the Determinants of Wage Inequality,” American Economic Review, 84 (May 1994): 17-22.
“Ekonomiska problem i Sveriges välfärdsstat -- inledning, sammanfattning och slutsatser,” with Richard B. Freeman and Birgitta Swedenborg. In Välfärdsstat i omvandling: Amerikanskt Perspectiv pä den Svenska Modelten, with Richard Freeman and Birgitta Swedenborg. Författarna och SNS Förlag, 1995.
“Lönepolitik och strukturomvandling,” with Per-Anders Edin. In Välfärdsstat i omvandling: Amerikanskt Perspectiv pä den Svenska Modelten, with Richard Freeman and Birgitta Swedenborg. Författarna och SNS Förlag, 1995.
“Favoritism in Organizations” (with C. Prendergast), Journal of Political Economy 104 (October 1996): 958-78.
“Another Look at Look Labor Market Adjustments to Increased Immigration” (with J. Hojvat-Gallin and R. LaLonde), 1996.
“Economic Impact of International Migration and the Economic Performance of Migrants,” (with R. LaLonde), in Handbook of Population and Family Economics, ed. Mark R. Rosenzweig and Oded Stark (Amsterdam: North-Holland, 1997), pp. 799-850.
“Economic Troubles in
“Wage Policy and Restructuring: The Swedish Labor Market Since 1960” (with
Per-Anders Edin), in The Welfare State in Transition, ed. Richard
Freeman, Robert Topel, and Birgitta Swedenborg.
“Unemployment and Nonemployment” (with Kevin M. Murphy), American Economic Review 87 (May 1997): 295-300.
“Factor Proportions and Relative Wages: The Supply Side Determinants of Wage Inequality,” Journal of Economic Perspectives 11 (Spring 1997): 55-74.
“Empirical Knowledge in Labor Economics,” in Labor Market Data and
Measurement, ed. John Haltiwanger, Marilyn Manser, and Robert Topel.
“Labor Markets and Economic Growth,” in Handbook of Labor Economics,
ed. Orley Ashenfelter and David Card.
“Medical Research: What's It Worth?” (with K. M. Murphy), Milken Institute Review: A Journal of Economic Policy (First Quarter 2000): 23-30.
“Entry, Product Design, and Pricing
in an Initially Monopolized Market” (with S. Davis and K. M. Murphy),
“Adverse Price Effects of Entry in Markets with Few Firms” (with Steven J.
Davis and Kevin M. Murphy), Working Paper,
“The Economic Value of Medical Research” (with Kevin M. Murphy), in Measuring
the Gains from Medical Research: An Economic Approach, edited by Kevin M.
Murphy and Robert H. Topel.
“Current Unemployment, Historically Contemplated” (with Kevin M. Murphy and
Chinhui Juhn), Brookings Papers on
Economic Activity 1.
“Estimation and Inference in Two-Step Econometric Models” (with K.M. Murphy), Journal of Business and Economic Statistics, 20, issue 1, 2002: 88-97 (reprint: 20th Anniversary issue of the most important contributions published in JBES).
“Labor Markets in the United States and Korea: Factor Proportions, Inequality, and Unemployment” Paper presented at the 2002 EWC/KDI Conference on “Macroeconomic Implications of Post-Crisis Structural Change”, East-West Center, Honolulu, July, 2002. Macroeconomic Implications of Post-Crisis Structural Change, KDI press, 2003.
“Diminishing Returns? Evidence on the Costs and Benefits of Improving Health” (with K.M. Murphy) November, 2002, Perspectives in Biology and Medicine, volume 46, no. 3, (Summer, 2003): pp108-128.
“War vs. Containment” (with S.J. Davis and K.M. Murphy), March 2003; presented at NBER Conference on National Security Economics, November 2003.
“Black-White Differences in the Economic Value of Improving Health”, Working
“The Value of Health and Longevity”(with K.M. Murphy), Revised March, 2005, NBER Working Paper #11405, June, 2005. Winner of the Eugene Garfield Economic Impact of Medical Research Prize, given by
“The Private and Social Benefits of Education”, (with Fabian Lange), Handbook of the Economics of Education, North-Holland, 2006 (forthcoming).
“The Social Value of Education”, Keynote
Address, Federal Reserve Bank of
“On Human Capital and Economic Growth” (with Fabian Lange), Working Paper,
“Wage Determination and Employment in
“Reforming the Welfare State” (with Richard Freeman and Birgitta
Swedenborg), Chapter 1 in Reforming the
“Äterhämtning och terstaende problem I den svenska valfardsstaten—inlendning, sammanfattning och slutsatser” in Att Reformera Välfärdsstaten, with Richard Freeman and Birgitta Swedenborg, SNS Förlag, Stockholm, 2006, 9-34.
”Forandrade forutsattningar for svensk lonebildning” (with Peter Fredriksson), in Att Reformera Välfärdsstaten, with Richard Freeman and Birgitta Swedenborg, SNS Förlag, Stockholm, 2006, 65-82.
Congressional Testimony and Presentations:
“Unemployment and Insurance,” Testimony before the
“The Economic Value of Medical Research,” Testimony before the
“The Value of Improvements in Health and Longevity”, Presentation for
Congressional Staff and the American Cancer Society,
“Unemployment Insurance Financing and Unemployment: Empirical Investigation
of Adverse Incentives,” Final
“Unemployment and Unemployment Insurance,” Final
“Local Labor Markets,” Final
“The Use of Survey Data in Predicting Behavior: The Case of Enlistment
“Equalizing Wage Differences,” Final
“Sectoral Change and Worker Displacement,” Final
Employment Hazards by W. Kip Viscusi. In Journal of Economic Literature, March 1982.
Handbook of Labor Economics, ed. O. Ashenfelter and R. Layard. In Journal of Economic Literature, 1988.
“Comment on ‘Some Recent Developments in Labor Economics and Their Implications for Macroeconomics’,” Journal of Money, Credit and Banking 20 (August 1988, part 2).
“Comment on ‘Industry Rents: Evidence and Implications’,” (by
“Comment on ‘Wage Dispersion between and within
“Comment on ‘Why Is the
“Comment on ‘Does Immigration Grease the Wheels of the Labor Market?’” by
George J. Borjas. Brookings Papers on Economic Activity. edited by William
C. Brainard and George L. Perry.
“Comment on ‘Where did the Productivity Growth Go? Inflation Dynamics and the Distribution of
Income’” by Ian Dew-Becker and Robert J. Gordon. Brookings Papers on Economic
Activity. edited by William C. Brainard and George L. Perry.