Tom
Hertz
Assistant
Professor, Department of Economics
Tel.
202-885-2756
Fax.
202-885-3790
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I joined American University’s Economics
Department in 2002, coming from the University of Massachusetts, Amherst,
with a detour through a post-doc at the Center for Health and Wellbeing,
at Princeton. I am interested in 1st,
2nd and 3rd world labor markets, and the econometrics
needed to analyze them. I have studied
the returns to schooling, the effects of minimum wages, race and gender-based
wage differentials, and the process of intergenerational transmission of
economic status. Courses Taught I teach introductory macro,
undergraduate and graduate
econometrics, and graduate
seminars in labor, development, political economy and applied
microeconomics. Papers ·
The Inheritance of
Educational Inequality: International Comparisons and Fifty-Year Trends.
[With cast of thousands]. Part of a special issue on Intergenerational
Economic Mobility at the B.E.Journal of
Economic Analysis and Policy (Advances).
Winner of the BE Press’s Arrow Prize
for Junior Economists for 2007. ·
Larry Sawers, Eileen Stillwaggon, and Tom Hertz “Cofactor
Infections and HIV Epidemics in Developing Countries: Implications for
Treatment.” AIDS
Care, April 2008 (Vol 20 n 4). ·
Heteroskedasticity-Robust
Elasticities in Logarithmic and Two-Part Models Forthcoming in Applied
Economics Letters, 2008. ·
A Group-Specific Measure of Intergenerational
Persistence Forthcoming in Economics
Letters, 2008 · Todd, Jessica E., Paul Winters and Tom Hertz: Conditional Cash Transfers and
Agricultural Production: Lessons from the Oportunidades Experience in Mexico. Revised and resubmitted to: Journal of
Development Studies, May, 2008. ·
Changes in the Volatility
of Household Income in the United States: A Regional Analysis Prepared for the Brookings
Institution Metropolitan Policy Program, Draft July 23, 2007. ·
The Effect
of Non-Farm Income on Investment in Bulgarian Family Farming FAO working paper. Under review at Agricultural Economics. June 2007. · The Decline
in Intergenerational Mobility in Post-Socialist Bulgaria Revise and resubmit, World Development, April 2008 [With Mieke Meurs and Sibel
Selcuk]. · Trends in the Intergenerational
Elasticity of Family Income in the United States Industrial Relations, January 2007. ·
Understanding Mobility in
America (Center for American Progress), April 26, 2006. See Event
webpage, and Video of my presentation
(requires updated QuickTime). [In need of revision: A trickier identification problem than first imagined.
April 2006.] · Rags, Riches and
Race: The Intergenerational Mobility of Black and White Families in the US Final version in Unequal Chances…Bowles,
Gintis, Osborne (eds) Princeton U. Press, 2005 · Upward Bias in the Estimated Returns to
Education: Evidence from South Africa American Economic Review, Sept. 2003 Selected Media Appearances NBC Nightly
News, Feb. 26, 2008 (2-second spot!) Note: Technically my
two-second contribution works against their argument; chalk it up to hasty
editting. Just before I appear,
another talking head states that higher wholesale prices may not get passed
on to consumers. The narrator then
makes the case that even if they are not passed on, if consumers think that prices are rising, they may
reduce their real consumption. Cut to
yours truly who states, “If enough people think that way it becomes a
self-fulfilling prophecy.” That
statement was intended to illustrate the fact that consumer expectations
about economic growth can be self-fulfilling,
not that a reduction in consumption, due to an expectation or perception of
inflation, will generate more inflation.
In fact, if enough people reduce their real consumption, it should
reduce inflation: a self-defeating prophecy.
Oh well. Voice of America News, February 8, 2008
(.wmv file) Again with the
self-fulfilling prophecies. The
Guardian (UK), June 27, 2006 On CNBC’s “Squawk Box”, April 27, 2006 The Wall Street
Journal, May 23, 2005 Interview on Air
America: Ring of Fire, Feb 12, 2005 (.wma files) The Financial
Mail (South Africa) October 22, 2004 Personal My wife, Sarah Browning at work and play My
son (Ben, center, age 4, Jan. 2003) and his cousins Ben at the plate, age 9, Spring 2007 Meeting Nelson Mandela, June
1996 Some Music Videos Tom Waits: “I’ve Been
Changed” Tom Waits: “Brother Can You
Spare a Dime” Last updated, June
12, 2008 |
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