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Economics in the News Archive

PBS NewsHour interviewed Peter Rousseau, professor of economics, for a story on the Nashville job market. (Video)

Associated Press: Effect of immigration law on jobs not clear Economists say it may take years and extensive research to determine whether Alabama’s new law clamping down on illegal immigration helps or hurts the state’s job market. Malcolm Getz, associate professor of economics, is quoted. Click here to view the aricle.

The Tennessean: Jobless data tell just part of story
The ranks of the underemployed—those who work in jobs below their skill level, or who can only find part-time work—is growing in Middle Tennessee.Malcolm Getz, associate professor of economics, is quoted.

Nashville Business Journal: NFL labor deal to boost ranks of sports bankers The NFL’s recent labor deal may force sports bankers to take a goal-line stand against new competitors. Provisions in the new contract offer guaranteed money to players, an attraction for bankers that previously made decisions based on mostly unscientific factors like personal character and projected draft pick. Senior Lecturer in Economics John Vrooman, is quoted.

Wilson Quarterly Summer 2011: Homeownership and Race THE SOURCE: “Race and Home Ownership from the End of the Civil War to the Present” by William J. Collins and Robert A. Margo, in The American Economic Review, May 2011.

Nashville Business Journal: Companies refine image to stay fresh, reconnect The Goo Goo Cluster and the Nashville Predators are making changes to their product and logo. And the reasons for the updates can teach any brand a few lessons about a potentially risky process: don’t confuse people, make purposeful changes and stay fresh.John Vrooman, senior lecturer in economics and expert in the business of professional sports, is quoted.

The Tennessean: The Tennessean: In their shopping carts, it’s only “Made in the USA“ Consumers who specifically buy American-made products do so for a variety of reasons. Some want to support their local gardens and farms by increasing their consumption of homegrown produce; others say their choices reflect the gratitude they have for the troops serving overseas; and some do it to strengthen the American workforce.Malcolm Getz, associate professor of economics, and David Owens, professor of the practice of management and innovation, are quoted. Click here to read the article.

NY Times: The president of Somalia’s transitional government appointed Abdiweli Mohamed Ali, a Harvard graduate who earned a Masters in economics at Vanderbilt, prime minister. To read the article, click here.

Chicago Tribune: Opinion: Big Brother gets really ugly
The point of graphic new cigarette warning labels is not to ensure that potential and actual smokers understand the hazards of the habit and make an informed choice. The point is to get people to avoid cigarettes whether they want to or not, writes columnist Steve Chapman. Research by W. Kip Viscusi, University Distinguished Professor of Law, Economics, and Management, is mentioned. Click here to read the article.

Nashville Business Journal: Do Vandy’s homers equal $$$?
College baseball isn’t typically a moneymaking sport. But Vanderbilt’s run in the College World Series will bring some tangible benefits. Sports economist John Vrooman, senior lecturer in economics at Vanderbilt, shares his thoughts. Click here to read the article.

New York Times: Lessons for Albany on malpractice limits As New York lawmakers strive to complete the state budget by April 1, one of the most contentious battles involves whether to include a cap on medical malpractice payments that Gov. Andrew M. Cuomo has proposed with the support of the state’s hospital industry. W. Kip Viscusi, University Distinguished Professor of Law, Management and Economics, is quoted.

Associated Press: If NFL stops, ‘innocent bystanders’ to take hit
Beyond the rich players and even wealthier team owners arguing over how to divvy up $9 billion in revenue a year, the people who would suffer most if there’s no NFL season this year are those whose jobs, businesses and even charity work depend on games. John Vrooman, senior lecturer in economics and expert in the business of professional sports, is quoted.

CBS: Moneywatch: Where professors send their children to college
John F. Siegfried
, professor of economics emeritus, and Malcom Getz, associate professor of economics, gathered data on thousands of professors to see where their children were attending colleges and compared these results with the college choices of families who share similar income, white-collar occupations and education. Children of professors were twice as likely to attend liberal arts colleges.

South Florida Sun Sentinel: How much will Floridians have to pay to create solar jobs? The focus in Tallahassee on creating jobs this year could boost Florida Power and Light’s push for legislation to allow utilities to charge customers for solar plants. John Vrooman, senior lecturer in economics, is quoted.

Bloomberg: Economists association to review disclosure, ethics guidelines
The American Economic Association’s Executive Committee voted unanimously at the annual meeting in Denver to examine its ethics rules, according to a statement from the group’s associate secretary-treasurer, Peter Rousseau, an economist at Vanderbilt University.

Vandy study says Mexican immigrants’ jobs more dangerous The “Immigrant Status and the Value of Statistical Life” study, conducted by Department of Economics and Vanderbilt Law School professors Joni Hersch and W. Kip Viscusi, found that Mexican immigrants are in jobs with fatality rates more than one-third higher than other workers, but they are not compensated accordingly.

Area business owners greet news of Wal-Mart's imminent arrival, Professor Malcolm Getz is interviewed

The Tennessean: Health-care debate suffers from cost myths Gregory Huffman, professor of economics, wrote this opinion piece explaining the costs of health care and insurance in the United States.

Associated Press: Americans Ostrom, Williamson win Nobel economics Americans Elinor Ostrom and Oliver Williamson won the Nobel economics prize on Monday for their analyses of economic governance — the way authority is exercised in companies and economic systems.

USA Today: Obama: 16 medal recipients exemplify 'a life well lived' Grameen Bank founder Mohammed Yunus, a Vanderbilt alumnus and Nobel laureate, was awarded the 2009 Presidential Medal of Freedom for his work to provide lines of credit to third-world entrepreneurs.

Inc Magazine: Online bartering grows
In an effort to keep as much cash on hand as possible during the recession, small businesses and individuals are increasingly looking to barter. Craigslist, for example, has seen its barter listings grow 120 percent in the last year. Trading on BizXchange, an online bartering network, has climbed 68 percent over the same period. Professor of Economics Peter Rousseau is quoted.

Best Graduate Schools: U.S. News & World Report shows the Graduate Program in the Department of Economics at Vanderbilt jumped significantly in rankings. Click here for more information.

U.S. News & World Report: For economists, a moment in the sun Despite a diminished employment outlook for many academics, economists remain in demand in government, business, and nonprofits and as consultants or policy analysts. John Siegfried, professor of economics, and William Collins, director of graduate studies in economics, are quoted. Shabana Singh and Caleb Stroup, both students in the Economics Ph.D. program, are pictured. Vanderbilt’s joint J.D.-Ph.D. program in law and economics is also mentioned.

Associated Press: Do smokers cost society money? A recent bill debated in Congress that would give the FDA the power to regulate tobacco products has raised the question of whether smokers really do cost society money or if their premature deaths result in savings. Kip Viscusi, Distinguished University Professor of Law, Economics and Management, is quoted.

St. Louis Post-Dispatch: The fridge didn’t cause the baby boom, scholars say Household technology advanced so rapidly between 1940 and 1960, according to a popular theory, that it made having children—or having more children—more attractive and manageable for housewives, leading to the baby boom. In a new working paper, University of Michigan economist Martha J. Bailey and Vanderbilt University economist William J. Collins debunked the theory, showing that the baby boom also occurred among old-order Amish, who do not use modern technology.

National Public Radio interviewed John Vrooman, senior lecturer in economics, on the New York Jets’ auction of personal seat licenses and how the economic downturn would affect sales. The story is available online here.

BusinessWeek: Muhammad Yunus on the financial crisis Nobel laureate and Vanderbilt alum Muhammad Yunus discusses the current financial crisis and how his insight is influenced by his experience in extending tiny loans to the very poor.

Wiley-Blackwell celebrates the Journal of Public Economic Theory’s 10th Anniversary! For the past decade, JPET has been dedicated to stimulating research in the rapidly growing field of public economics. The journal has been selected for coverage in Thomson Scientific’s ISI Citation Index, beginning with Volume 9, Issue 1, 2007. To read a sample issue online, please click here.

Chattanooga Times-Free Press: Nashville: Gas crisis from 1970s has lessons for today Although the economy is not doing as poorly as it was in 1973, the high price of gas and memories of rationing provide insight into current problems. Jeremy Atack, professor of economics, is quoted.

Chattanooga Times-Free Press: $4 gas will pinch rural America most Rural Americans in the South will bear the brunt of rising gas prices, economists say. Malcolm Getz, associate professor of economics, is quoted.

Nobel Prize winner outlines plan for ending poverty A new book by Muhammad Yunus, a Vanderbilt alumnus who won the Nobel Peace Prize for a bank he founded in Bangladesh that specializes in making microloans to the very poor, is previewed.

Globe and Mail (Toronto): NFL owners decide they 'can't live with' collective agreement When the NFL agreed to a new collective labor agreement with its players in the spring of 2006, many owners of both big-market and small-market clubs grumbled about the deal, albeit for different reasons. John Vrooman, senior lecturer in economics, is quoted.