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Economics

Economics

The Economics Department at the Daniels School of Business has a long tradition of excellence in research and teaching. Economics faculty members are leaders in their respective fields. Our department offers both undergraduate and graduate degree programs. We host a vibrant seminar series spanning the many varied areas of economics — students hear from and interact with Purdue faculty, numerous guests, including nationally and internationally recognized scholars, and PhD students.

Centers

Daniels School students can get outside-the-classroom experiences participating in real research and assisting with faculty research projects when they partner with the business school's econ centers.

Research

The faculty in Purdue's Economics Department are leaders in their respective fields. Many of them have been recognized all over the world for their ground-breaking research and affiliations with world-renowned economics journals. Faculty research appears in American Economic Journals (Applied Economics, Economic Policy, and Macroeconomics), the American Economic Review, Economics of Education Review, Journal of Human Resources, Journal of Labor Economics, Review of Economics and Statistics, and many more. 

Read more about our research

Journal Articles

  • Siebert, Ralph (2024). ""The Impact of Private Label Introduction on Assortment, Prices, and Profits of Retailers," with Meilin Ma, Journal of Industrial Economics." Journal of Industrial Economics https://doi.org/10.1111/joie.12359.
  • Ozgur Kibris, Yusufcan Masatlioglu, Elchin Suleymanov (2024). "A Random Reference Model." American Economic Journal: Microeconomics vol. 16 (1), 155-209. | Related Website |
  • Bao, Y., Li, G., & Liu, X. (2024). "A Spatial Sample Selection Model." Oxford Bulletin of Economics and Statistics vol. 86 (4), 928-950. | Related Website |
  • Gill, D. & Rosokha, Y. (2024). "Beliefs, learning, and personality in the indefinitely repeated prisoner's dilemma." American Economic Journal: Microeconomics | Related Website |
  • Elchin Suleymanov (2024). "Branching-Independent Random Utility Model." Journal of Economic Theory vol. 220 105880. | Related Website |
  • Bao, Y. (2024). "Estimating Linear Dynamic Panels with Recentered Moments." Econometrics vol. 12 (1), | Related Website |
  • Bao, Y. (2024). "Estimating Spatial Autoregressions under Heteroskedasticity without Searching for Instruments." Regional Science and Urban Economics vol. 106 104011. | Related Website |
  • Gill, D. & Knepper, Z. & Prowse, V. & Zhou, J. (2024). "How cognitive skills affect strategic behavior: Cognitive ability, fluid intelligence and judgment." Games and Economic Behavior | Related Website |
  • Gill, D. & Prowse, V. (2024). "The creativity premium: Exploring the link between childhood creativity and life outcomes." Journal of Political Economy Microeconomics | Related Website |
  • Kejriwal, M. & Li, X. & Nguyen, L. & Totty, E. (2024). "The Efficacy of Ability Proxies for Estimating the Returns to Schooling: A Factor Model-Based Evaluation." Journal of Applied Econometrics
  • Siebert, Ralph (2024). "“Chinese Investor Wealth Effects Explain U.S. Residential Rental Market Discounts”, with Chuan Lin, Michael J. Seiler, and Liuming Yang, forthcoming." Real Estate Economics
  • Siebert, Ralph (2023). ""Exploring the Incremental Merger Value from Multimarket and Technology Arguments", with Sebastian Linde," International Journal of Industrial Organization, Vol. 87
  • Zou, B., & Zhang, H. (2023). "A Marriage-Market Perspective on Risk-Taking and Career Choices: Theory and Evidence." European Economic Review vol. 152 | Related Website |
  • Ozgur Kibris, Yusufcan Masatlioglu, Elchin Suleymanov (2023). "A Theory of Reference Point Formation." Economic Theory vol. 75 137-166. | Related Website |
  • Bao, Y. & Zhou, X. (2023). "Heterogeneous Spatial Dynamic Panel Models with an Application to US Housing Data." Spatial Economic Analysis vol. 18 (2), 259-285. | Related Website |
  • Bond, T.N, Giuntella, O., & Lonsky, J. (2023). "Immigration and Work Schedules: Theory and Evidence." European Economic Review vol. 152
  • Bao, Y. & Yu, X. (2023). "Indirect Inference Estimation of Dynamic Panel Data Models." Journal of Econometrics vol. 235 (2), 1027-1053. | Related Website |
  • Bao, Y. (2023). "Indirect Inference Estimation of Higher-order Spatial Autoregressive Models." Econometric Reviews vol. 42 (3), 247-280. | Related Website |
  • Hong, S. (2023). "MPCs in an Emerging Economy: Evidence from Peru." Journal of International Economics vol. 140 | Related Website |
  • Kejriwal, M. & Nguyen, L. & Yu, X. (2023). "Multistep Forecast Averaging with Stochastic and Deterministic Trends." Econometrics
  • Hudja, S.G, Roberson, B., & Rosokha, Y. (2023). "Public Leaderboard Feedback in Sampling Competition: an Experimental Investigation." Review of Economics and Statistics | Related Website |
  • Matthew Kovach, Elchin Suleymanov (2023). "Reference Dependence and Random Attention." Journal of Economic Behavior and Organization vol. 215 421-442. | Related Website |
  • Hedlund, A. D., Garriga, C., Wang, P., & Tang, Y. (2023). "Rural-Urban Migration, Structural Transformation, and Housing Markets in China." American Economic Journal: Macroeconomics vol. 15 (2), 413-440.
  • Batistich, M.K., & Bond, T.N. (2023). "Stalled racial progress and Japanese trade in the 1970s and 1980s." Review of Economic Studies vol. 90 (6), 2792-2821. | Related Website |
  • Gill, D. & Prowse, V. (2023). "Strategic complexity and the value of thinking." Economic Journal | Related Website |
  • David Gill, Victoria Prowse (2023). "The Creativity Premium: Exploring the Link Between Childhood Creativity and Life Outcomes." Journal of Political Economy Microeconomics, accepted
  • Peter Haan; Victoria Prowse (2023). "The Heterogeneous Effects of Social Assistance and Unemployment Insurance: Evidence from a Life-Cycle Model of Family Labor Supply and Savings." American Economic Journal: Macroeconomics, accepted
  • Siebert, Ralph (2023). "“Airbnb or Not Airbnb? That is the Question: How Airbnb Bans Disrupt Rental Markets”, with Michael J. Seiler and Liuming Yang (appeared in the news of Purdue University Research Center of Economics; appeared in the news of Purdue University; interviewed by Fortune)." Real Estate Economics https://doi.org/10.1111/1540-6229.12440.

Forthcoming Publications

  • Magnolfi, L., McClure, J., and Sorensen, A. (2024). "Triplet Embeddings for Demand Estimation." American Economic Journal: Microeconomics | Related Website |

Job Market Candidates

Economics Department PhD students are leading members of the next generation of innovative researchers, scholars and teachers. We are proud to support the next phase of their academic and professional lives.

To obtain additional information on job market candidates, please reach out to the Economics Department contacts below, or contact the candidate directly.

Placement Officer
Tim Cason
cason@purdue.edu
(765) 494-1737

  • Shahidul Islam
    Expected Completion Date: July 2025
    Fields: Labor Economics; Public Economics, Development and Experimental Economics; Economics of Education
    Dissertation Title: "Alone" Students' Academic Outcomes
    Thesis Committee: Timothy Bond, Jillian Carr, Kevin Mumford (Advisor), Victoria Prowse
    CV | Islam37@purdue.edu | (765) 409-8238 | website
  • Linh Nguyen
    Expected Completion Date: August 2025
    Fields: Econometrics, applied econometrics, financial econometrics
    Dissertation Title: Three Essays on Modeling the Persistence of Non-stationary Time Series
    Thesis Committee: Mohitosh Kejriwal (Chair), Yong Bao, Joshua CC Chan, Brian Roberson
    CV | nguye535@purdue.edu | (682) 248-4794 | website
  • Huilin Zhang
    Expected Completion Date: July 2025
    Fields: Urban/Spatial, Trade, Applied Micro
    Dissertation Title: Productivity Externality of Working from Home: Welfare and Policy Implications
    Thesis Committee: Chong Xiang (Co-chair), Farid Farrokhi (Co-chair), David Hummels, Victoria Prowse
    CV | zhan3760@purdue.edu | (765) 337-9190 | website
  • Wei Zhang
    Expected Completion Date: July 2025
    Fields: Econometrics, Bayesian Econometrics, Applied Macroeconomics
    Dissertation Title: Flexible Bayesian Time-series Models in Data-rich Environment
    Thesis Committee: Joshua C. C. Chan, Yong Bao, Justin Tobias, Arman Sabbaghi
    CV | zhan3721@purdue.edu | (765) 413-3989 | website
  • Sisi Zhou
    Expected Completion Date: July 2025
    Fields: Spatial/Urban Economics, Applied Microeconomics, Applied Econometrics
    Dissertation Title: Residential Sorting and Access to Consumption
    Thesis Committee: Chong Xiang (Co-chair), Farid Farrokhi (Co-chair), Ben Zou
    CV | zhou1053@purdue.edu | (765) 701-7254 | website
  • Xiaoyan Zhou
    Expected Completion Date: May 2025
    Fields: Econometrics, Applied Microeconomics (Real Estate, Industrial Organization, Labor)
    Dissertation Title: Papers on Spatial Econometric Models
    Thesis Committee: Yong Bao (Co-chair), Joshua Chan (Co-chair) , Kevin Mumford, Ralph Siebert, Justin Tobias
    CV | zhou1057@purdue.edu | (919) 638-3063 | website

Daniels School of Business Economics Department
Krannert Building, Room 416
403 Mitch Daniels Blvd.
West Lafayette, IN 47907-2076
(765) 496-1378
schultm@purdue.edu

Department Head: Brian Roberson

Executive Assistant: Mary Schultz