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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.

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Centers

Economics students at the Daniels School can get outside-the-classroom experiences doing real research when they partner with the business school's Purdue University Research Center in Economics (PURCE), the Vernon Smith Experimental Economics Laboratory (VSEEL), and the Purdue Center for Economic Education (PCEE). 

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. 

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Journal Articles

  • Siebert, Ralph (2023). ""Exploring the Incremental Merger Value from Multimarket and Technology Arguments", with Sebastian Linde, forthcoming." International Journal of Industrial Organization
  • 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 |
  • 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
  • Hong, S. (2023). "MPCs in an Emerging Economy: Evidence from Peru." Journal of International Economics vol. 140 | Related Website |
  • Hudja, S.G, Roberson, B., & Rosokha, Y. (2023). "Public Leaderboard Feedback in Sampling Competition: an Experimental Investigation." Review of Economics and Statistics | 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.
  • Sarzosa, M (2023). "Sexual Orientation and Labor Market Disparities." Journal of Economic Behavior and Organization | Related Website |
  • Gill, D. & Prowse, V. (2023). "Strategic complexity and the value of thinking." Economic Journal | Related Website |
  • 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)." forthcoming Real Estate Economics.
  • Siebert, Ralph (2022). ""Spatial Differentiation and Market Power in Input Procurement: Evidence from a Structural Model of the Corn Market", with Juan Sesmero and Jinho Jung," American Journal of Agricultural Economics, Vol.104, p.613-644.
  • Siebert, Ralph (2022). ""The Competitive Effects of Declining Entry Costs over Time: Evidence from the Static Random Access Memory Market", with An-Hsiang Liu." International Journal of Industrial Organization, Vol. 80
  • Siebert, Ralph (2022). ""The Impact of Private Label Introduction on Assortment, Prices, and Profits of Retailers," with Meilin Ma, forthcoming." Journal of Industrial Economics
  • Gelder, A, Kovenock, D. & Roberson, B. (2022). "All-Pay Auctions with Ties." Economic Theory vol. 74 pages1183–1231. | Related Website |
  • Chan, J. C. C., Jacobi, L., & Zhu, D. (2022). "An Automated Prior Robustness Analysis in Bayesian Model Comparison." Journal of Applied Econometrics vol. 37 (3), 583-602.
  • Chan, J. C. C. (2022). "Asymmetric Conjugate Priors for Large Bayesian VARs." Quantitative Economics vol. 13 (3), 1145-1169.
  • Kejriwal, M. & Perron, P. & Yu, X (2022). "A Two Step Procedure for Testing Partial Parameter Stability in Cointegrated Regression Models." Journal of Time Series Analysis | Download |
  • Fe, E. & Gill, D. & Prowse, V. (2022). "Cognitive skills, strategic sophistication, and life outcomes." Journal of Political Economy | Related Website |
  • Eriksen, Michael D., Hamilton Fout, Mark Palim, and Eric Rosenblatt (2022). "Contract Confirmation Bias: Evidence from Repeat Appraisals." Journal of Real Estate Finance and Economics 77-98.
  • Chan, J. C. C., Carriero, A., Clark, T., & Marcellino, M. (2022). "Corrigendum to: Large Bayesian Vector Autoregressions with Stochastic Volatility and Non-Conjugate Priors." Journal of Econometrics vol. 227 (2), 506-512.
  • Denning, Jeffrey T., Eric Eide, Kevin J. Mumford, and Daniel Sabey (2022). "Decreasing Time to Baccalaureate Degree in the United States." Economics of Education Review vol. 90 102287. | Related Website |
  • Cason, T. N., Gangadharan, L., & Grossman, P. (2022). "Gender, Beliefs and Coordination with Externalities." Journal of Public Economics vol. 214
  • Moore, T., Evans, W., & Garthwaite, C. (2022). "Guns and Violence: The Enduring Impact of Crack Cocaine Markets on Young Black Males." Journal of Public Economics vol. 206
  • Engelhardt, Gary V. and Michael D. Eriksen (2022). "Homeownership in Old Age and at the Time of Death." Economic Letters vol. 212
  • Bond, T.N., Carr, J.B., Packham, A., & Smith, J. (2022). "Hungry for success? SNAP timing, high-stakes exam performance, and college attendance." American Economic Journal: Economic Policy vol. 14 (4), 51-79. | Related Website |
  • Ashkanani, Ahmad, Benjamin B. Dunford, and Kevin J. Mumford (2022). "Impact of Motivation and Workload on Service Time: An Empirical Analysis of Call Center Operations." Management Science vol. 68 (9), 6697-6715. | Related Website |
  • Bao, Y. & Yu, X. (2022). "Indirect Inference Estimation of Dynamic Panel Data Models." Journal of Econometrics | Related Website |
  • Bethune, Z., Rocheteau, G., Wong, T. N., & Zhang, C (2022). "Lending Relationships and Optimal Monetary Policy." Review of Economic Studies vol. 89 (4), 1833–1872. | Related Website |
  • Woods, D., Abdalla, M., Bagchi, S., Sundaram, S., & Cason, T. N. (2022). "Network Defense and Behavioral Biases: An Experimental Study." Experimental Economics vol. 25 254-286.
  • Hudja, S., Roberson, B., & Rosokha, Y. (2022). "Public Leaderboard Feedback in Sampling Competition: An Experimental Investigation." Review of Economic Studies and Statistics 1-45. | Related Website |
  • Eriksen, M. D., & Orlando, A. (2022). "Returns to Scale in Residential Construction: The Marginal Impact of Building Height” Real Estate Economics." Real Estate Economics vol. 49 (2), 30.
  • Kejriwal, M. & Li, X. & Nguyen, L. & Totty, E. (2022). "The Efficacy of Ability Proxies for Estimating the Returns to Schooling: A Factor Model-Based Evaluation." Journal of Applied Econometrics
  • Castro-Zarzur, R. Espinoza, R. and Sarzosa, M. (2022). "Unintended Consequences of Free College: Self-Selection into the Teaching Profession." Economics of Education Review. vol. 89 102260. | Related Website |
  • Sarzosa, M (2022). "Victimization and Skill Accumulation: The Case of School Bullying." Journal of Human Resources | Related Website |
  • Denning, Jeffrey T., Eric R. Eide, Kevin J. Mumford, Richard W. Patterson, and Merrill Warnick (2022). "Why Have College Completion Rates Increased? An Analysis of Rising Grades." American Economic Journal: Applied Economics vol. 14 (3), 1-29. | Related Website |
  • Siebert, Ralph (2022). "“Heterogeneous Foreclosure Discounts of Homes”." Journal of Real Estate Research, Vol.44, p.1-28.
  • Siebert, Ralph (2022). "“The Competitive Effects of Declining Entry Costs over Time: Evidence from the Static Random Access Memory Market” with An-Hsiang Liu, 2020, CESifo Working Paper No. 8552." International Journal of Industrial Organization vol. 80
  • Siebert, Ralph (2022). "“What Determines Heterogeneous Merger Effects on Competitive Outcomes?”." Journal of Industrial Economics, Vol.70, pp.217-256

Forthcoming Publications

  • Chan, J. C. C. (2022). "Comparing Stochastic Volatility Specifications for Large Bayesian VARs." Journal of Econometrics
  • Moore, T., Gelber, A., & Strand, A. (2022). "Disability Insurance Income Saves Lives." Journal of Political Economy
  • Plott, C., Cason, T. N., Gillen, B., Lee, H., & Maron, T. (2022). "General Equilibrium Methodology Applied to the Design, Implementation and Performance Evaluation of Large, Multi-Market and Multi-Unit Policy Constrained Auctions." Economic Theory
  • Zou, B., Gu, Y., Guo, N., & Wu, J. (2022). "Home Location Choices and the Gender Commute Gap." Journal of Human Resources
  • Jiang, J. H., Puzzello, D., & Zhang, C. (2022). "Inflation, Output, and Welfare in the Laboratory." European Economic Review
  • Chan, J. C. C. (2022). "Large Hybrid Time-Varying Parameter VARs." Journal of Econometrics
  • Moore, T., & Morris, T. (2022). "Shaping the Habits of Teen Drivers." American Economic Journal: Economic Policy
  • Mary Kate Batistich, Timothy N. Bond (2022). "Stalled Racial Progress and Japanese Trade in the 1970s and 1980s." Review of Economic Studies
  • Farid Farrokhi, Heitor Pellegrina (2022). "Trade, Technology, and Agricultural Productivity." Journal of Political Economy

Job Market Candidates

Daniels School of Business 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

Placement Assistant
Matt Pavey
mpavey@purdue.edu
(765) 494-7064

  • Jieqiong (Cicy) Jin
    Expected Completion Date: July 2024
    Fields: Behavioral Economics, Experimental Economics, Public Economics, Applied Microeconomics
    Dissertation Title: Behavioral Spillover in Cooperation Games
    Thesis Committee: Tim Cason (Chair), Yaroslav Rosokha, Colin Sullivan
    CV | jin334@purdue.edu | (765) 409-9573 | website
  • Sunham Kim
    Expected Completion Date: May 2024
    Fields: Spatial, Trade, Macro, and Labor
    Dissertation Title: Human Capital Production in Spatial Economy: A Quantitative Assessment of the Decentralized U.S. Education System
    Thesis Committee: Chong Xiang (Chair), Mario Crucini, Anson Soderbery, Farid Farrokhi
    CV | sunham-kim@purdue.edu | (765) 201-0345 | website
  • Xinxin Lyu
    Expected Completion Date: July 2024
    Fields: Experimental and Behavioral Economics, Public Economics, Computational Economics, Applied Microeconomics
    Dissertation Title: Pay for the privilege: Does a global club good opportunity ruin local public good provision?
    Thesis Committee: Tim Cason (Co-chair), Yaroslav Rosokha (Co-chair), David Gill, Brian Roberson
    CV | lyu75@purdue.edu | (617) 373-0926 | website
  • Alex Marchal
    Expected Completion Date: July 2024
    Fields: Public Economics, Information Economics, Behavioral and Experimental Economics
    Dissertation Title: Trust and Incentives: The Demand for Information and Expertise Valuation
    Thesis Committee: Tim Cason (Chair), Yaroslav Rosokha, Colin Sullivan
    CV | amarchal@purdue.edu | (307) 371-9511 | website
  • Frank (Chenzhong) Wu
    Expected Completion Date: May 2024
    Fields: Econometrics, Bayesian Econometrics
    Dissertation Title: Semiparametric Common Stochastic Volatility for Large Bayesian VARs
    Thesis Committee: Joshua Chan (Chair), Justin Tobias, Mohitosh Kejriwal, Xiao Wang (stats department)
    CV | wu1108@purdue.edu | (612) 859-4099

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