2020 Elected AEA Officers

Congratulations to President-Elect David Card and all the new officers



DAVID CARD, Class of 1950 Professor of Economics, University of California-Berkeley

Statement of Purpose: I am honored to be nominated for this position and will try hard to fulfill the duties of President if elected. In the past year the AEA has made some progress in trying to address the issue of professional climate, particularly for women and minorities. As the recent Climate Survey showed, however, much more needs to be done, and this will be a top priority for me.

Previous and Present Positions: Assistant Professor, University of Chicago Graduate School of Business, 1982-83; Assistant Professor, Princeton University, 1983-86; Professor, Princeton University, 1987-97, Class of 1950 Professor of Economics, University of California-Berkeley.

Degrees: Queen's University, B.A., 1978; Princeton University, Ph.D., 1983.

Publications: "On the Covariance Structure of Earnings and Hours Changes," (with Abowd), Econometrica, 1989; "The Impact of the Mariel Boatlift on the Miami Labor Market," Industrial and Labor Relations Review, 1990; "Does School Quality Matter: Returns to Education and the Characteristics of Public Schools in the United States," (with Krueger), Journal of Political Economy, 1992; Myth and Measurement: The New Economics of the Minimum Wage, (with Krueger), Princeton University Press, 1995, 2nd Ed. 2016; "Can Falling Supply Explain the Rising Return to College for Younger Men? A Cohort- Based Analysis," (with Lemieux), Quarterly Journal of Economics, 2001; "Estimating the Effects of a Time-Limited Earnings Subsidy for Welfare Leavers," (with Hyslop), Econometrica, 2005; "Does Medicare Save Lives?" (with Dobkin and Maestas), Quarterly Journal of Economics, 2009; "Immigration and Inequality," AER, 2009; "Workplace Heterogeneity and the Rise of West German Wage Inequality," (with Heining and Kline), Quarterly Journal of Economics, 2013.

AEA Offices, Committee Memberships, and Honors: John Bates Clark Medal, 1995; Ely Lecturer, 2009; Vice President, 2014-15.

Other Affiliations and Honors: Jacob Mincer Award, Society of Labor Economists, 2019; BBVA Foundation Frontiers of Knowledge Award, 2015; J.K. Galbraith Fellow, American Academy of Political and Social Science, 2013; Frisch Medal (for 2005 paper in Econometrica with Hyslop), 2007; IZA Prize in Labor Economics (co-recipient with Krueger), 2006; Fellow, Society of Labor Economics, 2004; Fellow, American Academy of Arts and Sciences, 1998; Fellow, Econometric Society, 1992.

Current CV


JANICE EBERLY, James R. and Helen D. Russell Professor of Finance, Kellogg, Northwestern University

Statement of Purpose: Economics can be a powerful force to understand social science issues. Living up to that promise requires that we follow through - attracting and retaining talented people, effective and rigorous training, assuring the "tools of the trade" are used and advanced with integrity - in teaching, research, and practice. The AEA doesn't control these outcomes, but it exists to advance them. We should be assertive in seeking members' (and potential members') views, exploring issues as they arise and regularly to get ahead of issues. In addition to shedding light on members' experiences, we should also affirmatively solicit input for publications (new journals, special issues), people with expertise, and new initiatives (e.g., supporting junior research and engaging teaching faculty). Finally, we can use the tools of our profession - informed and evidence-based decision-making - to advance the field; strong institutions support our work and raise our external credibility and effectiveness.

Previous and Present Positions: James R. and Helen D. Russell Professor, Kellogg, Northwestern University, 2002–; Assistant Secretary for Economic Policy and Chief Economist, US Department of the Treasury, 2011-13; Associate Professor, Kellogg, Northwestern University, 1998-2002; Associate Professor, The Wharton School, University of Pennsylvania, 1997-98; Assistant Professor, The Wharton School, University of Pennsylvania, 1991-97.

Degrees: B.S. University of California at Davis, 1986; Ph.D. Massachusetts Institute of Technology, 1991.

Publications: "Risk, the College Premium, and Aggregate Human Capital Investment," (with Athreya), forthcoming, AEJ: Macroeconomics; "Understanding Weak Capital Investment: The Role of Market Concentration and Intangibles," (with Crouzet), Federal Reserve Bank of Kansas City, Jackson Hole Economic Policy Symposium, 2018; "Efficient Credit Policies in a Housing Debt Crisis," (with Krishnamurthy), Brookings Papers on Economic Activity, 2014; "Optimal Inattention to the Stock Market with Information Costs and Transactions Costs," (with Abel and Panageas), Econometrica, 2013; "What Explains the Lagged Investment Effect?" (with Rebelo and Vincent), Journal of Monetary Economics, 2012; "How Q and Cash Flow Affect Investment without Frictions: An Analytic Explanation," (with Abel), Review of Economic Studies, 2011; "Multi-factor Dynamic Investment Under Uncertainty," (with van Mieghem), Journal of Economic Theory, 1997; "Optimal Investment with Costly Reversibility," (with Abel), Review of Economic Studies, 1996; "Options, the Value of Capital, and Investment," (with Abel, Dixit and Pindyck), Quarterly Journal of Economics, 1996; "A Unified Model of Investment Under Uncertainty," (with Abel), AER, 1994; "Adjustment of Consumers' Durables Stocks: Evidence from Automobile Purchases," Journal of Political Economy, 1994.

AEA Offices, Committee Memberships, and Honors: Honors and Awards Committee, 2017-; Committee on Economic Statistics, 2016-; Member of the Executive Committee, 2008-10; Associate Editor, JEP, 2019-; Board of Editors, AER: Insights, 2019-; Board of Editors, AER, 2004-10; Search Committee, Editor of the AEJ: Macroeconomics, 2017; Nominating Committee, 2001-02, 2010-11; Program Committee 2006-07, 2008-09; Search Committee, Editor of the JEP, 2007.

Other Affiliations and Honors: Fellow, American Academy of Arts and Sciences, 2013-; Co-editor, with Jim Stock, Brookings Papers on Economic Activity, 2015-; Organizer, NBER group "Capital Markets and the Economy" (with Lucas), 2000-; Panel of Economic Advisors, Congressional Budget Office, 2010-11; Advisory Board, Bureau of Economic Analysis, 2009-11; Advisory Board, Carnegie-Rochester Conference on Public Policy, 2003-11, 2013-17; Associate Editor/Senior Associate Editor, Journal of Monetary Economics, 1999–2011; Alfred P. Sloan Foundation Research Fellow, 1995-99; NBER Faculty Research Fellow, 1994-97, Research Associate 1997-; Academic Advisory Panel, Federal Reserve Banks of Chicago and New York, 2015, 2017-.

Current CV

OLIVIA S. MITCHELL, Professor of Business Economics/Policy & Insurance/Risk Management, International Foundation of Employee Benefit Plans Professor, & Executive Director, Pension Research Council, Wharton School, University of Pennsylvania.

Statement of Purpose: As AEA VP, I will strive to bring greater clarity of thought and expression to our research and teaching while broadening the impact of the economic way of thinking. A strong priority for the AEA Board is to enhance communication: my own work on pensions/Social Security, retirement, financial literacy, and inequality does this, drawing on finance/public finance, insurance, labor, behavioral, and experimental economics. I value working with students, policymakers, and practitioners globally, and I support the AEA's recent efforts to enhance the appeal of economics as a valued and influential profession, including at business schools. I have participated in virtually every ASSA meeting since my Ph.D.; served on the AEA Board and the Committee on the Status of Women in the Economics Profession; and worked with the CEMENT program to mentor young women economists. Another AEA priority should be to enhance publication turnarounds at AEA journals.

Previous and Present Positions: Professor of Business Economics/Policy & Insurance/Risk Management, International Foundation of Employee Benefit Plans Professor, & Executive Director, Pension Research Council, Wharton School, University of Pennsylvania 1993-; Full, Associate, and Assistant Professor, Cornell University 1978-93.

Degrees: Harvard University, B.A. in Economics, 1974; University of Wisconsin-Madison, M.S./Ph.D. in Economics, 1976/78.

Publications: "Optimal Financial Literacy and Wealth Inequality," (with Lusardi and Michaud), Journal of Political Economy, 2017; "Cognitive Constraints on Valuing Annuities," (with Brown, Kapteyn, and Luttmer), Journal of the European Economic Association, 2017; "Borrowing from the Future: 401(k) Loans and Loan Defaults," (with Lu, Utkus, and Young), National Tax Journal, 2017; "Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities," (with Maurer, Rogalla, and Siegelin), Insurance: Mathematics and Economics, 2016; "Time is Money: Rational Life Cycle Inertia and the Delegation of Investment Management," (with Kim and Maurer), Journal of Financial Economics, 2016; "Ambiguity Attitudes and Economic Behavior," (with Dimmock, Kouwenberg, and Peijnenberg), Journal of Financial Economics, 2016; "The Economic Importance of Financial Literacy: Theory and Evidence," (with Lusardi), JEL, 2014; "Perspectives from the President's Commission on Social Security Reform," (with Cogan), JEP, 2003; "Guaranteeing Individual Accounts," (with LaChance), AER, 2003; "New Evidence on the Money's Worth of Individual Annuities," (with Poterba, Warshawsky, and Brown), AER, 1999.

AEA Offices, Committee Memberships, and Honors: CEMENT Workshop for Junior Faculty 2018-19; CSWEP Carolyn Shaw Bell Award 2008; Executive Committee 1996-99, 2004-06.

Other Affiliations and Honors: Worth.com Powerhouse Female Economist, 2019; ICA Best Paper Award on Behavioral Aspects of Insurance Mathematics, 2018; Goethe University of Frankfurt Doctor Rerum Publicarum Honoris Causa, 2017; EBRI Lillywhite Award, 2017; Q-Group Roger F. Murray Award, 2017 & 2008; World Economic Forum Top 10 Women Economists, 2015; Fidelity Pyramid Research Institute Award, 2007; Premio Internazionale Dell'Istituto Nazionale Delle Assicurazioni, Accademia Nazionale dei Lincei, 2003; Paul A. Samuelson Award for Scholarly Writing on Lifelong Financial Security, TIAA-CREF, 1999; NBER Research Associate, 1981-.

Current CV

Executive Committee

LISA D. COOK, Professor, Michigan State University

Statement of Purpose: As Director of the AEA Summer Program at Michigan State University, I am gaining extraordinary insight into the economics profession, helping to promote the full inclusion of women and minorities in economics, developing important relationships across the profession through recruiting and the speaker series, advising and mentoring many in the next generation of economists, and gaining valuable experience as an engaged leader. The AEA is at a critical crossroads – implementing changes to make the economics profession the most vibrant it can be. In my research, I examine puzzling, pressing issues, including the effect of violence on economic activity, the euro crisis, and racial and gender gaps in innovation. The reach of this research extends beyond the academy to the broader profession and policy. If elected, I will strive to bring the tools, experience, and optimism of my career in economics to make a difference for the good of our profession.

Previous and Present Positions: Professor 2020-, Associate Professor 2013-20, Assistant Professor 2005-13, Economics and International Relations, Michigan State University; Senior Economist, Council of Economic Advisers, The White House 2011-12; National Fellow, Hoover Institution, Stanford University 2002-05; Visiting and Adjunct Professor, Kennedy School of Government and Deputy Director, Africa Research and Programs, Center for International Development, Harvard University 1997-2002.

Degrees: Ph.D., Economics, University of California, Berkeley; B.A., Philosophy, Politics, and Economics, Oxford University; B.A., Philosophy, Spelman College.

Publications: "Unequal Opportunity: The Innovation Gap in Pink and Black," in Matthew Wisnioski, Eric S. Hintz, and Marie Stettler Kleine, eds., Does America Need More Innovators?, MIT Press, 2019; "Dust, Drink, and Divergence: Summaries of Nevins Prize Doctoral Dissertations," Journal of Economic History, 2018; "Racial Segregation and Southern Lynching," (with Logan and Parman), Social Science History, 2018; "The Mortality Consequences of Distinctively Black Names," (with Logan and Parman), Explorations in Economic History, 2016; "Violence and Economic Growth: Evidence from African American Patents, 1870- 1940," Journal of Economic Growth, 2014; "Distinctively Black Names in the American Past," (with Logan and Parman), Explorations in Economic History, 2014; "Converging to a National Lynching Database: Recent Developments and the Way Forward," Historical Methods, 2012; "Metals or Management? Explaining Recent Economic Growth in Africa," (with Beny), AER, 2009; "Regional Public Goods in International Assistance" (with Sachs), Global Public Goods, Kaul, ed., Oxford University Press, 1999; "Trade Credit and Bank Finance: Financing Small Firms in Russia," Journal of Business Venturing, 1999.

AEA Offices, Committee Memberships, and Honors: Summer Training, Program Director; Member, Committee on Equity, Diversity, and Professional Conduct; Board of Editors, JEL; AEA Mentoring Pipeline Impactful Mentor Award.

Other Affiliations and Honors: Research Associate, National Bureau of Economic Research; President, National Economic Association (former); Sigma Xi (Scientific Honor Society) Distinguished Lecturer; Member, National Council, Inter-University Consortium for Political and Social Research (ICPSR); Adjunct Research Associate Professor, Institute for Research on Innovation and Science, Institute for Social Research, University of Michigan; Visiting Scholar, National Poverty Center, University of Michigan; Visiting Scholar, Federal Reserve Banks of Minneapolis, New York, and Philadelphia; MSU W.E.B. DuBois Society In the Field Award for Impactful Research; National Science Foundation graduate fellowship, reviewer, panelist; Board of Directors, Spelman College (former); first Marshall Scholar from Spelman College.

Current CV

MELISSA SCHETTINI KEARNEY, Neil Moskowitz Professor of Economics, University of Maryland

Statement of Purpose: Economics is at once a rigorous academic discipline and a field of tremendous importance to society and the well-being of people. I am proud to be an economist and I care deeply about our profession. I have worked as an economist in a variety of settings, including a Ph.D.-granting research university, a liberal arts college, a think tank, and a policy research firm. I appreciate the wide range of activities economists engage in, our intellectual rigor, and our topical diversity. Our profession has many strengths to maintain, but also weaknesses to improve upon. If elected, I would serve with a commitment to make our profession more welcoming, inclusive, and diverse. I would like us to consider how our profession publishes, teaches, conducts seminars, and inspires young people to study economics. I would bring an open mind and a commitment to careful deliberation and high ideals.

Previous and Present Positions: University of Maryland, Department of Economics: Neil Moskowitz Professor of Economics, 2016-, Professor, 2014-16, Associate Professor 2009-14, Assistant Professor 2006-09; Aspen Institute, Economic Strategy Group: Director, 2017-; The Hamilton Project, Brookings Institution: Director, 2013-15; Brookings Institution: Fellow 2005-06; Wellesley College, Department of Economics: Assistant Professor, 2002-05.

Degrees: Ph.D. (Economics) Massachusetts Institute of Technology, 2002; A.B. (Economics) Princeton University, 1996.

Publications: "Early Childhood Education by Television: Lessons from Sesame Street," (with Levine), AEJ: Applied Economics, 2019; "Male Earnings, Marriageable Men, and Non-Marital Fertility: Evidence from the Fracking Boom," (with Wilson), Review of Economics and Statistics, 2018; "Income Inequality, Social Mobility, and the Decision to Drop-Out of High School," (with Levine), Brookings Papers on Economic Activity, 2016; "Media Influences on Social Outcomes: The Impact of MTV's 16 and Pregnant on Teen Childbearing," (with Levine), AER, 2015; "Do Lottery Payments Induce Savings Behavior? Evidence from the Lab," (with Filiz-Ozbay, Hyndman, Guryan, and Ozbay), Journal of Public Economics, 2015; "Why is the Teen Birth Rate So High in the United States and Why Does it Matter?" (with Levine), JEP, 2012; "Subsidized Contraception, Fertility, and Sexual Behavior," (with Levine), Review of Economics and Statistics, 2010; "Parental Education and Parental Time with Children," (with Guryan and Hurst), JEP, 2008; "Trends in U.S. Wage Inequality: Re-Assessing the Revisionists," (with Autor and Katz), Review of Economics and Statistics, 2008; "State Lotteries and Consumer Behavior," Journal of Public Economics, 2005.

AEA Offices, Committee Memberships, and Honors: AEJ: Economic Policy: Board of Editors, 2019-; JEL, Board of Editors, January 2017-; CSWEP mentor.

Other Affiliations and Honors: Brookings Institution: non-resident Senior Fellow 2015-; MIT Jamal-Abdul Poverty Action Lab (J-PAL): Co-Chair, Cities and States Innovation Initiative, 2015-18, Affiliate, 2015-; Notre Dame Wilson-Sheehan Lab for Economic Opportunities: Board of Advisors, 2015-, Faculty Affiliate, 2013-; Smith Richardson Foundation, Board of Governors, 2018-; Hamilton Project, Advisory Council, 2015-.

Current CV