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On behalf of the Department of Economics, thank you to the alumni, families, and current students who donated on Giving Day 2021. We can report that we raised at least $3,585 from 26 gifts to the department.Much of what we are able to do in the Department of Economics is due to the generous support of our alumni. Your contributions help us to...
Giulia Brancaccio, assistant professor and Himan Brown Faculty Fellow in the Department of Economics and Evan Riehl, assistant professor in the Department of Economics and ILR School have been named faculty fellows of the Cornell Center for Social Sciences (CCSS). They are two of over a dozen faculty fellows announced for the 2021-2022 cohort. The...
Professor Francesca Molinari was recently elected to the North American Standing Committee of the Econometric Society. The North American Standing Committee is responsible for the organization of the activities of the Econometric Society within North America. It considers any activities in the Region that promote interaction among those interested...
When it comes to adopting behaviors including social distancing and mask wearing, the team detected a striking link to their financial well-being. People who made around $230,000 a year were as much as 54% more likely to increase these types of self-protective behaviors compared to people making about $13,000.The findings, that could contribute...
Cornell Economics major Claudia Goldin, B.A. 1967, talks about her experiences as a woman in Economics and the path of her career in this video.Click here to see the video on the Marginal Revolution University website, where it originally appeared.
With the coronavirus pandemic surging and initial vaccine supplies limited, the United States faces a hard choice: Should the country’s immunization program focus in the early months on the elderly and people with serious medical conditions, who are dying of the virus at the highest rates, or on essential workers, an expansive category...
Five Cornell faculty members have been elected fellows of the American Association for the Advancement of Science (AAAS), the world’s largest general scientific society.The association elected 489 new fellows in 2020, honoring their efforts to advance research and its applications in scientifically or socially distinguished ways. New fellows will...
"The COVID-19 pandemic has exposed the inadequacy of public health systems worldwide, casting a shadow that we could not have imagined even a year ago. As the fog of confusion lifts and we begin to understand the rudiments of how the virus behaves, the end of the pandemic is nowhere in sight. The number of cases and the deaths continue to rise....
Graduates of the undergraduate and Ph.D. programs in the Department of Economics have had an impact not only on economics but also on a wide range of industries around the world. We are always interested in hearing from our alumni and look forward to sharing your successes. To submit a class note and read more about interacting with current...
Professor Jörg Stoye was recently elected a Fellow of the International Association for Applied Econometrics. The association aims to advance the education of the public in econometrics and its applications to a variety of fields in economics by advancing and supporting research in that field, and disseminating the results of such useful research...
"A new working paper published by the National Bureau of Economic Research finds that students performed substantially worse, on average, on standardized course assessments at the end of the COVID-19 spring semester than in previous academic terms.There was no evidence that this was driven by specific demographic groups, meaning that everyone was...
"I think India has turned the corner and thank goodness for that! We have never seen this kind of a low in independent India with a growth rate of minus 23.9% which has put us as the second slowest growing economy in that quarter." says Kaushik Basu, professor of Economics, in response to a question on India's September recovery. "From there,...
Professor Francesca Molinari was recently elected a Fellow of the Econometric Society. The Econometric Society is an international society for the advancement of economic theory in its relation to statistics and mathematics. The Society publishes Econometrica, Quantitative Economics, and Theoretical Economics journals. They also have a publication...
"The pandemic has cast a shadow over the global economy," writes Kaushik Basu, professor of Economics, in this opinion article in CGTN. "So far, the two worst-performing economies in the second quarter of 2020 (April-June) were Peru and India, where GDP shrank by 30.2 percent and 23.9 percent, respectively, in year-on-year terms. These record...
Jose Maria Tapia (‘20) has been working as a Hatfield Research Assistant for Professor Kaushik Basu this summer on a project exploring the effects of various types of COVID-19 lockdowns on the economy.Can you describe the work you’ve been doing on the project so far?The research question is a work in progress. We’ve been gathering data on...
"As the covid-19 pandemic rages on, our understanding of it is improving," writes Kaushik Basu, professor of Economics, in this opinion article in LiveMint. "Through a combination of epidemiology and physics—including knowledge of the virus’s character and how aerosols float in the air—we are learning more about how the microbe infects new hosts...
Douglas Miller, a professor in Policy Analysis and Management and the College of Human Ecology/Economics, discusses luck and uncertainty as it relates to economists in a recent article on the Cornell Research website.“When we look at an estimate,” Miller says in the piece, “we want to know how large a role chance or luck may have played in...
In 2015, Urmila Chatterjee of the World Bank and Ravi Kanbur of Cornell University found that almost 10% of manufacturing employees worked for firms that should have registered themselves under the Factories Act but had not. And about 65% worked for tiny firms that fall outside the act’s scope.Click here to view the full article on The Economist...
The Student Spotlight feature is intended to showcase the diverse range of interests among students majoring in Economics. Amina Kilpatrick, a rising senior majoring in both Economics and Government, is Co-President of the Black Women’s Support Network at Cornell, an organization that focuses on the social lives and well-being of Black women at...
Around this time last year, I decided that my next film would be loosely based on Dante’s famous Purgatorio. And it would’ve been—had the COVID-19 pandemic not brought my production to a fierce halt. Now, it looks like the “purgatory” theme is much better suited to the current state of the world than it is to my most recent screenplay, as society...
Summer 2020. Traditional internships cancelled, replaced by the comfort (confines?) of childhood bedrooms, replete with old posters, trophies, and parents knocking on the door.A lucky portion of you have had internships turn virtual, and others may have already found ways to fill their days, but a number of you are facing the scenario pictured...
The Field of Economics recently held a virtual celebration for graduating Ph.D.s. Watch the video here:
With each passing day of the lockdown, the Indian economy is being dragged deeper towards a recession. On Wednesday, two rating agencies have cut India's GDP in the current year to -5 percent - CRISIL and Fitch - with CRISIL adding that India may take 3 years to get back to the pre COVID momentum. To discuss this, Latha Venkatesh spoke to Kaushik...
For weeks, "Bild" Christian Drosten, the head of virology at the Charité in Berlin, has been hard at work. On Monday, the allegations culminated in the headline on Bild.de: "Questionable methods: Drosten study on infectious children grossly wrong - How long has the star virologist known about it?" Drosten himself announced the report on Twitter...
The proliferation of medical misinformation on social media and the human experience of social distancing are among the pandemic-related topics to be studied with Rapid Response Fund grants from the Cornell Atkinson Center for Sustainability.Since requesting emergency seed-grant proposals in early April, Cornell Atkinson has announced a total of...