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Eastern Economic Association Annual Meetings in New York City, New York WELCOME Welcome to the 45th Eastern Economic Association Annual Meetings in New York City, New York. EEA Vice President Peter Diamond, who chaired the program committee, our session chairs, organizers, and review committee members have done a great job in selecting this year’s program, which I hope you find interesting and engaging. The program includes papers that adopt a wide range of different approaches to economic analysis, and encompasses divergent viewpoints with regard to economic policy. On behalf of the Eastern Economic Journal’s outstanding editors, Cynthia Bansak and Alan Zebdee, I would like to encourage you to submit your work to the Association’s journal. The Association would like to thank Ramapo College of New Jersey for hosting the Association’s home office. I hope you will also thank President Peter Mercer, Dean Ed Petkus, Dean Aaron R. S. Lorenz, and their colleagues at Ramapo College for all the support they have provided to the Association. A special thanks should be made to Alexandre Olbrecht, the Executive Director of the EEA, Kristin Kenneavy for putting together the schedule of sessions, and the three unpaid student assistants Olivia Vona, Thalia Holst and Kyle Franceschini. Furthermore, we wish one of our reviewers and elected directors, Ari Belasen, a speedy recovery from an attack by a cheetah. I am deeply honored to be part of this record-breaking Eastern Economic Association meeting, which at the time of print was poised to have the most breakout sessions ever. The EEA is an organization with a great history, and a strong commitment to excellent economic research and its application to the most pressing problems of our region and our world. The meeting ahead of us is full of exciting work, and the credit for this belongs entirely to the hard work by the EEA officers and staff. I am profoundly grateful for their work, and for the chance to be part of these meetings. Thank you for allowing me the opportunity to serve as an officer of the EEA. I hope that you enjoy this year's meeting and that you will plan to participate in next year’s EEA meetings, which will be held at the Boston Sheraton from Thursday, February 27 to Sunday, March 2, 2020, in Boston, Mass. Ed Glaeser President, Eastern Economic Association EASTERN ECONOMIC ASSOCIATION Board of Directors EXECUTIVE COMMITTEE President: Edward Glaeser, Harvard University President-Elect: Joseph Altonji, Yale University Vice-President: Peter Diamond, MIT Past-President: Pinelopi Koujianou Goldberg, Yale University Executive Director: Alexandre Olbrecht, Ramapo College of New Jersey Treasurer: Natalia Smirnova, University of Connecticut Eastern Economic Journal Co-Editors: Cynthia Bansak, St. Lawrence University Allen Zebedee, Clarkson University DIRECTORS Ari Belasen, Southern Illinois University-Edwardsville Courtney Coile, Wellesley College Dhaval Dave, Bentley University Joyce Jacobsen, Wesleyan University Amanda Ross, University of Alabama Robert Scott III, Monmouth University Emeritus Members and ex oficio to the board of Directors Mary Lesser, Executive Director Emeritus, Lenoir-Rhyne University and Emeritus, Iona College Alexandre Olbrecht, Executive Director Emeritus (2015-2017), Ramapo College of New Jersey PARTICIPATING ORGANIZATIONS African Finance and Economics Association (AFEA) The American Monetary Institute Association for the Advancement of African Women (AAAWE) Association for Evolutionary Economics (AFEE) The Association of Social Economics Committee on the Status of Women in the Economics Profession (CSWEP) The Eastern Economic Journal (EEJ) The EU-EMU Group The Henry George School of Economics Issues in Political Economy (IPE) National Association of Forensic Economists (NAFE) New York City Computational Economics and Complexity Workshop North American Association of Sports Economists (NAASE) Union for Radical Political Economists (URPE) Young Scholars Initiative/Institute of New Economic Thinking 2019 PROGRAM COMMITTEE Chair: Peter Diamond, MIT Session Organizers: Sofia Amaral, Ifo Institute Erdogan Bakir, Bucknell University Mina Baliamoune-Lutz, University of North Florida Cynthia Bansak, St. Lawrence University Jason Barr, Rutgers University - Newark Theologos Homer Bonitsis, New Jersey Institute of Technology Florence Bouvet, Sonoma State University Natalia Bracarense, North Central College Elissa Braunstein, Colorado State University Brian Callaci, University of Massachusetts Amherst Esteban Pérez Caldentey, ECLAC Al Campbell, University of Utah Devaki Chandra, Summer Institute of the Gifted Pinka Chatterji, The University at Albany Ying Chen, New School for Social Research Jennifer Cohen, Miami University Karen Conway, University of New Hampshire Germán G. Creamer, Stevens Institute of Technology Shooshan Danagoulian, Wayne State University Shatanjaya Dasgupta, Beloit College Ann Davis, Marist College Firat Demir, University of Oklahoma Krastina Dzhambova, University of Wisconsin - Whitewater Gerald Epstein, University of Massachusetts Amherst Eylem Ersal-Kiziler, University of Wisconsin-Whitewater Anders Fremstad, Colorado State University Aleksandr V. Gevorkyan, St. John’s University Greg Hannsgen, Greg Hannsgen’s Economics Blog Oskar Harmon, University of Connecticut Jac C. Heckelman, Wake Forest University Brad R. Humphreys, West Virginia University Erin Cottle Hunt, Lafayette College Alan G. Isaac, American University Eunjung Jee, University of Massachusetts Amherst Daniyal Khan, New School for Social Research Eva Marikova Leeds, Moravian College Peter D. Loeb, Rutgers University – SASN Olivia Bullio Mattos, St. Francis College Jorge Medina, New Jersey City University Sophie Mitra, Fordham University John McDermott, SUNY Michael J. Murray, Bemidji State University Edward J. Nell, New School for Social Research and the Henry George School Michalis Nikiforos, Levy Economics Institute of Bard College Diego Nocetti, Clarkson University Olena Ogrokhina, Lafayette College Sheyi Oladipo, SUNY College at Old Westbury Andrew Padovani, University of California, Davis Jamison Pike, Centers for Disease Control and Prevention Jacob Powell, University of Missouri-Kansas City Steven Pressman, Colorado State University Paddy Quick, St. Francis College Christina Robinson, Central Connecticut State University Louis-Philippe Rochon, Laurentian University Lilian Rolim, University of Campinas, Brazil Sandra V. Rozo, USC Marshall School of Business Joseph J. Sabia, San Diego State University and University of New Hampshire Geoffrey Schneider, Bucknell University Alice Sheehan, University of Alabama Anna Shostya, Pace University Natalia V. Smirnova, University of Connecticut Josh Staveley-O’Carroll, Babson College Jacqueline Strenio, Southern Oregon University Troy Tassier, Fordham University Daniele Tavani, Colorado State University Edward J. Timmons, Saint Francis University Richard J. Torz, St. Joseph’s College-New York Leanne Ussher, Consensys Research Guillaume Vallet, University of Grenoble Alpes Matías Vernengo, Bucknell University Chu-Ping C. Vijverberg, College of Staten Island, CUNY Jamie Walton, American Monetary Institute Jeannette Wicks-Lim, Political Economy Research Institute, UMass-Amherst Jadrian Wooten, Penn State University Naoki Yoshihara, University of Massachusetts Amherst Christopher Young, Rutgers University Junfu Zhao, University of Utah Sessions Listed by JEL Code (Note: Some Sessions are listed under more than one category.) A. General Economics and Teaching C6, C12, D2, D6, D8, F6, F18, G18 B. Methodology and History of Economic Thought A1, A2, A19, B1, B2, B19, C1, C2, D1, D3, E1, E2, E7, F1, F2, G1, G2, G12, G20, H20, I8, I20, J1, J20, K7, M5, N1, N2 C. Mathematical and Quantitative Methods A5, A13, B13, B21, C5, D5, E5, E9, G5, G21, H5, H12, I12, J12, M1 D. Microeconomics C13, C19, D19, E13, E19, F19, G13, H8, H10, H14, I6, I11, J6, L11, M2 E. Macroeconomics and Monetary Economics A14, A15, B11, C11, C14, C15, C17, D3, D11, D13, D14, D15, E4, E11, E12, E14, E15, F7, F14, F15, G8, G11, G13, G14, G15, H11, H13, H17, I11, I14, I15, J3, J10, J14, K1, K12, K14, L15, M8, M15, N15 F. International Economics A3, A4, A18, B3, B17, C3, C21, D17, E17, H1, I1, J4, J5, J8, K4, K5, K10, K11, L3, M3, N3 G. Financial Economics A17, B5, B18, D18, E18, F5, F17, G4, G17, G19, I5, I17, J2, J17, K17, L17, M17, N17 H. Public Economics A8, B8, B15, I 10, K8, K9, L8, M4 I. Health, Education, and Welfare B9, B14, C9, C18, C20, D9, D21, E21, G6, G9, H9, J9, J21, K20, K21, L10, L20, L21, M6, M9, M20, M21, N6, N14, N20 J. Labor and Demographic Economics D13, D20, E6, E20, F9, H13, H18, H19, I9, I18, I19, J18, J19, K18, K19, L1, L5, L16, L18, M10, M12, M16, M18, N16, N18 K. Law and Economics J15, K15 L. Industrial Organization C8, J13, K3, L9, N9 M. Business Economics N4 N. Economic History E8, M11 O. Economic Development, Technological Change, and Growth A6, A7, A11, A12, B7, B12, C7, H15, H22, J11, J22, L12, M7, N7, N11, N12 P. Economic Systems D12, L7 Q. Agricultural and Natural Resource Economics (includes Environment) E10, F22, G22, H2, I2, K2, L22, M22, N22 R. Urban, Rural, and Regional Economics (includes Transportation) B4, C4, D4, F12, F13, H4, I4, L13, M13 Y. Miscellaneous Categories J7, K6, L6 Z. Other Special Topics A10, B10, C10, D10, F10, G10, K13 Credits and Thanks The program chair for this conference is Peter Diamond. Other session organizers and those listed as the program committee did much of the work. A very heartfelt, and most special thanks, however, must be made to the Conference Organizing Committee, who
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