University at Albany


Our department has a long-standing mission to perform economic research that advances our knowledge in both theoretical and applied economics, and to disseminate that knowledge through publication in leading peer-reviewed journals. We have a strong faculty engaged in a wide range of applied and theoretical research.

Our strengths include econometrics, macroeconomics, microeconomic theory, labor economics, and public economics. Our faculty members have published and continue to publish their research in profession’s most prestigious journals. Our faculty members’ research has been supported by National Science Foundation (NSF), National Institutes of Health (NIH), Robert Wood Johnson Foundation, U.S. Department of Agriculture, U.S. Department of Transportation, and National Institute on Aging.

In addition to their own research, our faculty members hold 7 editorial board positions on some of the leading journals of the profession. Department members include two associate editors of journals and one NIH review panel member. Two members of the Department are research associates at the National Bureau of Economic Research (NBER), one is an Elected Honorary Fellow of International Institute of Forecasters, and one is a University Distinguished Professor.

In the 2012 rankings of Research Papers in Economics (RePEC)), the most comprehensive archive of economic research in the world, our department placed in the top 10% of all U.S. economics institutions, including academic and non-academic.

Department of Economics Highlights, June 2015 — May 2016

1. Pinka Chatterji’s paper “Job Lock among Parents of Children with Chronic Health Conditions: Early Effects of the 2010 Affordable Care Act” with Peter Brandon and Sara Markowitz was accepted at the Journal of Health Economics.

2. Pinka Chatterji’s paper "Effects of Psychiatric Disorders on Labor Market Outcomes: A Latent Variable Approach Using Multiple Clinical Indicators.” with Souvik Banerjee and Kajal Lahiri was accepted at Health Economics.

3. Pinka Chatterji was a plenary speaker and served as a mentor to junior scholars at the Disparities Research Training and Mentorship Program at Massachusetts General Hospital in April 2016. This program is funded by the Annie E. Casey Foundation.

4. Pinka Chatterji served as a consultant on cost analysis methods for a project on autism treatment services funded by the Institute of Education Sciences.

5. Betty C. Daniel’s paper “Implications of Productive Government Spending for Fiscal Policy,” co-authored with Si Gao Journal of Economic Dynamics and Control 55 (June 2015), 148-175.

6. John B Jones’s paper “Skill-biased Technical Change and the Cost of Higher Education,” (joint with Fang Yang) is forthcoming in Journal of Labor Economics .

7. John B Jones’s paper "Medical Spending of the U.S. Elderly" (joint with Mariacristina De Nardi and Eric French), is forthcoming in Fiscal Studies.

8. John B Jones’s paper “Savings after Retirement: A Survey,” (joint with Mariacristina De Nardi, Eric French and Jeremy McCauley), is forthcoming in Annual Review of Economics.

9. John B Jones’s paper “Medicaid Insurance in Old Age,” (joint with Mariacristina De Nardi and Eric French), in forthcoming in the American Economic Review.

10. Laurence Kranich presented his paper “Historical Discrimination and Optimal Remediation” at the 11th World Congress of the Econometric Society, August 15-21, 2015 in Montreal, Canada.

11. Laurence Kranich presented his paper “Historical Discrimination and Optimal Remediation” at a seminar at Rutgers University, April 20, 2016.

12. Laurence Kranich's paper, “Historical Discrimination and Optimal Remediation," is forthcoming in Social Choice and Welfare and is available online at

13. Zhongwen Liang published "Binary response correlated random coefficient panel data models", with Yichen Gao and Cong Li, Journal of Econometrics 188, 421-434, 2015.

14. Zhongwen Liang published "Local Constant Kernel Estimation of a Partially Linear Varying Coefficient Cointegration Model", with Luya Wang, Juan Lin and Qi Li, Annals of Economics and Finance 16(2), 353-369, 2015.

15. Zhongwen Liang presented his paper "Varying Index Coefficient Models with Discrete Endogenous Regressors", at 85th Southern Economic Association Annual meeting held at New Orleans, Louisiana from Nov. 21 to Nov. 23, 2015.

16. Adrian Master’s paper "Efficiency in a Search and Matching Model with Market Exclusion" was accepted and published at Economics Letters.

17. Adrian Master’s paper "Job creators, job creation and the tax code" was accepted at Journal of Public Economic Theory.

18. Adrian Master presented, “Job creators, job creation and the tax code” at the Search and Matching Conference in Aix en Provence June 2015.

19. Gerald Marschke presented his paper "Teamwork in Science: Evidence from Patent Data," co-authored with Jinyoung Kim, at the Society of Labor Economists meetings, Montreal, Quebec, June 26, 2015 and the Atlanta Conference on Science and Innovation Policy, Atlanta, Georgia, September 18, 2015.

20. Gerald Marschke presented his paper "Aging and the Production of High-Impact and Transformative Research," co-authored with Katy Borner, Bruce Weinberg, Robert Preston, Joseph Staudt and Huifeng Yu at the Innovation in an Aging Society meeting, Cambridge, Massachusetts, July 16, 2015.

21. Gerald Marschke was a panelist in a roundtable session entitled "Economic Perspectives on Technical Emergence" at the Global TechMining Conference, Atlanta, Georgia, September 16, 2015.

22. Gerald Marschke received a grant, with Andrew Wang and Richard Freeman, for their research project "Assessing the Economic Impact of Documentary Standards," from the National Institute of Standards and Technology (2/1/2016-1/31/2017).

23. Gerald Marschke received a grant for his research project"Pathways from University Research to Productive Careers," through a subcontract with New York Universty (11/9/2015-12/16/2016).

24. Byoung Park presented "Square-root-N consistent estimator of the intercept of a sample selection model" at Frontiers of Theoretical Econometrics conference, August 2015.

25. Byoung Park Presented "Square-root-N consistent estimator of the intercept of a sample selection model" at Midwest Econometrics Group conference, October 2015.

26. Byoung Park Presented "Square-root-N consistent estimator of the intercept of a sample selection model" at Southern Economic Association meeting, November 2015.

27. Byoung Park Presented " Testing for rank similarity" (with Ju Hyun Kim) at Southern Economic Association meeting, November 2015.

28.Huaming Peng published “ Online learning and forecast combination in unbalanced panels”, coauthored with Kajal Lahiri and Yong Chen Zhao, Econometric Reviews, on Nov 7, 2015.

29. Baris Yoruk’s paper “Do minimum legal drinking age laws work?,” (with C. Ertan Yörük). Was published at Contemporary Economic Policy (34), 415-429.

30. Baris Yoruk’s paper “Health insurance coverage and self-reported health: New estimates from the NLSY97” is forthcoming in International Journal of Health Economics and Management.