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DEPARTMENT N E W S L E T T E R • U N I V E R S I T Y OF COLORADO AT BOULDER • FALL 2004
A Report from the Chair
FACULTY NOTES
Keith Maskus
Martin Boileau recently
published "Labor Hoarding, Superior Information,
and Business Cycle Dynamics" (with Michel
Normanclin) in the Journal
nf Economic Dynamics and
Control, 2003; "Capacity
Utilization and the Dynamics of Business Cycle Fluctuations" (with M.
Normanclin) in the Journal
of Macroeconomics, 2003;
and "How much persistence should sticky-price
models generate to match
post-war US data" (with
Marc-Andre Letendre) in
Economics Letters. He presented his paper "Dynamics of the Current Account
and Interest Differentials"
at the meetings of the Society for Economic Dynamics in Paris, June 2003. He
also gave invited seminars
at HEC Montreal, the University of Colorado, and
the University of California at Davis. Martin is continuing as the director of
the McGuire Center.
Dear Alumni and Friends,
Greetings from Boulder, where it is a
beautiful and (so far) cloudless summer
day. The long-running drought that had
turned the state dry and brown seems to
have lifted this year. Our gardens are
colorful, our lawns are green, and the
campus remains a spectacular sight. I hope
you will soon find the opportunity to
return and visit the university and the
economics department.
We live in a time of great change in the
global economy and I am excited lo
contribute my analysis and advice when I
can. In recent months I have had a chance
to present my views on various aspects of
intellectual property rights, international
trade, and development at such venues as
the World Trade Organization in Geneva,
the European Gommission in Brussels, and
Agenda Fundacion in Bogota. I also am
finishing a project for the World Bank
assessing the reforms Vietnam has made in
its business and trade regulation in preparation for that couutryjoining the WTO.
It is good to have this opportunity to fill
you in on our progress here. I have just
completed my second year as department
chair in an environment that can only be
described as challenging. The budgetary
situation in the state of Golorado remains
perilous for public higher education, the
university has struggled through a football
scandal, and state politics have raised
fundamental questions about the academic
freedoms of faculty and instructors in the
classroom. I will provide some perspective
on each of these issues later in this report,
but I regret to say that they have been
damaging to faculty morale.
There is certainly good news to report as
well, however, on both the teaching and
research sides of the department. Let me
start with some noteworthy accomplishments.
Undergraduate Enrollment
Undergraduate students at the university
continue to flock toward economics, in
numbers never before seen. We currently
have nearly 1,000 declared majors and
another 250 minors in economics. Our
graduation ceremony in May was the
largest yet, with well over 200 graduating
seniors and over 1,200 family members and
friends in attendance. In academic year
2002-03 the number of undergraduate
students in economics courses exceeded
9,200, making our department the largest
on campus.
It is a challenge teaching so many students
but we strive to ensure quality instruction
in the classroom. Despite these large
increases in enrollment in recent years, the
student evaluations of economics classes
have improved. One reason is that we are
fortunate to have many outstanding visiting
instructors who do a good job in the
classroom. Another is that our graduate
teaching assistants are committed to the
Ann Carlos spent the academic year 2003—04 on
sabbatical at the Institute
for Integrative Studies,
Trinity College, Dublin,
where she conducted research on risk diversification in early eighteenth
century capital markets,
funded by the NSF. She
gave seminars in Ireland,
England, Japan, Australia,
and Italy.
Nicholas Flores, along
with Randy Walsh and Josh
Sidon, finished the first
year of their project
"Neighborhood Choice,
Environmental Justice, ^
FACULTY NOTES ,,„,
from the Chair, continued from page 1
and Policy Analysis." This
project is funded by the
National Science Foundation. Nick has received
funding for a new project,
"Evaluation of Preferences
for Land Management
Options," from the USDA
Forest Service Experiment
station in Fort Collins.
The USDA Forest Service
also provided additional
funding for his project
"Institutions and Incentives for Mitigating Wildfire Risks." In relation to
work on this project, he
was an invited speaker at a
National Research Council
symposium on managing
wildfire risk in the wildland urban interface, August 2004, in Washington.
teaching mission of the department.
Ultimately, however, it reflects a real
dedication on the part of our faculty to
provide rigorous and engaging course
experiences for undergraduate students. A
recent survey of senior economics majors
indicated considerable satisfaction overall
with their learning experience.
Frank Hsiao published
"Catching Up and Convergence: Long-run Growth
in East Asia" (with MeiChu W. Hsiao), Review of
Development Economics,
8(2), 2004. He was an invited speaker on "Colonialism, Learning, and
Convergence—A Comparison of India and
Taiwan" (with Mei-Chu
Hsiao) at the International Conference on
"Catch-Up Growth and
Technology Transfer in
Asia and Western Europe,"
University of Groningen,
The Netherlands, in October 2003. In January 2004,
he organized and chaired
a joint session of the
American Economic. Association/American Committee on Asian Economic
Studies on "China's Economic Presence: Implications for the Asia Pacific
Region" at the 2004 Allied
Social Science Associations Annual Meeting in
San Diego, and presented
a paper "The Chaotic
Attractor of Foreign Direct
Investment—Why China?
A Panel Data Analysis"
(with Mei-Chu Hsiao).
The paper was also presented at the CU-Denver
Economics Seminar in
February, and will be published in the Journal of Asia
Economics. Frank also
served as a guest editor of
this journal. In February, ^
We also maintain an outstanding honors
program, which now enrolls over 20
students per year, for students who want to
experience economics outside the classroom environment. These students are
well-trained, curious and smart. We expect
our honors students to undertake a completely new piece of analysis, combining
basic economic theory with original data
sets and reaching conclusions to interesting questions. The quality of these theses is
truly outstanding. Another opportunity for
broader study is our large and successful
internship program, in which students
complete an internship with a local or
national enterprise and, under faculty
supervision, write a research paper about
the experience.
Graduate Training
Interest in our doctoral program has never
been higher. The number of outstanding
applicants has risen rapidly over the last
three years. An interesting comment on the
quality of our program is that a far higher
percentage of these students than before
are choosing to attend CU, despite the
high tuition and living expenses here. In
the fall semester of 2003 we expected to
enroll around 18 new students, but 29
actually entered the PhD program. In the
fall semester of 2004 we also expected
around 18 new students, but 26 actually
enrolled. As you know, our students come
from both the United States and countries
all over the world.
One reason for this interest is our continued strong record of placing our doctoral
students into satisfying careers. The new
doctors of philosophy who completed
training since the last newsletter have taken
jobs at the International Monetary Fund,
Georgia Tech University, the Air Force
Academy, the University of Beijing, Sam
Houston State University, the Indonesian
Ministry of Finance, and the International
Center for the Study of East Asian Development in Japan. We will have a large group
of students entering the professional
market this coming year and we expect
them to be similarly placed.
A new feature of our graduate program is
that we now provide free training in
English, accent reduction, and classroom
pragmatics for our foreign graduate
students who wish to be supported as
teaching assistants and graduate instructors. Despite their commitment to solid
teaching, occasionally there is a difficulty in
communication arising from differences in
language, accents, and culture, especially
when both the TAs and freshmen students
are in a classroom together for the first
time. The new program should do much to
alleviate the concerns of undergraduate
students on this score and help train our
doctoral students for academic careers.
Research Accomplishments
Despite its budgetary difficulties, CUBoulder remains a top public university.
This was reaffirmed recently by a two-year
study performed by Shanghai Jiao Tong
University in China. Accounting for Nobel
laureates, highly cited researchers, articles
published in top journals, citations of
faculty publications, and academic performance per faculty member, this study
ranked CU-Boulder the llth best public
university in the world (and 31st in the
world among all universities). One of our
faculty members, Jim Markusen, is among
the world's top-cited economists and his
presence on the faculty contributed
materially to this overall ranking. Indeed,
Jim was the only member of all the social
science faculties at CU to be included on
this list. For more information on the study,
visit http://ed.sjtu.edu/cn/ranking.htm.
Recent rankings of economics departments
in the world have been posted by a web site
providing information to prospective
graduate students. These rankings break
down departmental research performance
by academic discipline on the basis of
publications in top journals over the period
1990-2000. In the broad area called "trade
and development" CU ranked 21st in the
world. In the more narrowly defined field
of "trade and factor movements" our
department was ranked third in the world,
just behind Columbia and Harvard. Without a doubt the department has built a
global reputation for excellence in international trade, which is reflected in the high
numbers of graduate students wishing to
study here. Additional rankings may be
found at the website hup://
www.econphd.net.
Department members also continue to
attract grants to support their research.
Various faculty members currently are
working on grant-supported research
programs, with support coming from such
agencies as the National Science Foundation, the Social Science and Humanities
Research Council, the Environmental
Protection Agency, the Social Security
Administration, and the Colorado Department of Transportation.
Personnel Decisions
I am pleased to report that Assistant
Professor Terra McKinnish successfully
completed her mid-term comprehensive
review and has been appointed to a term
that will culminate in a tenure decision
some years hence. Terra is a labor economist who has been doing fascinating work
on the workplace-based determinants of
marriage and divorce, among other things.
We saw two retirements in May of this year.
After long and successful careers, Professors Fred Glahe and Don Roper retired
from teaching. Both are macroeconomists,
leaving a hole in our teaching program
that we will endeavor to fill quickly. We
certainly wish them the best in their
retirements.
Unfortunately, the rest of the news in the
personnel area is discouraging. Professor
Ruqu Wang, a microeconomic theorist
whom we hired a year ago, decided to
return to his prior employment at Queen's
University in Canada. Professor Eckhard
Janeba, who has made great contributions
to our research and teaching programs,
chose to accept an extremely prestigious
appointment as professor at Mannheim
University in Germany. Finally, the department was unsuccessful in its efforts to
attract a new member last year. We made
offers to three excellent candidates, all of
whom took competing jobs at other
universities. A central problem is that other
universities now offer candidates in economics generous start-up packages, which
CU cannot match. It is likely the department will need to use its gift monies to
begin paying for such packages.
A Tough Year
I don't wish to dwell on problems facing
the university but you may be interested in
an update. The first, and by far most
significant, difficulty is the continuing
decline in fiscal support for public higher
education in the state, a trend also happening across the country. In last summer's
newsletter I explained the sources of CUBoulder's declining revenues, which now
result largely from the constraints imposed
on the legislative budget process by the
state constitution. Specifically, the TABOR
amendment to the constitution requires
the state to limit sharply its revenue and
expenditure growth, starting from the
much-lower base established in the recent
recession, and to rebate any revenue
surpluses to taxpayers. Amendment 23
mandates the state to increase spending on
K-12 education, a preference driven by
tight restrictions on personal property
taxes in yet another amendment. Together
these factors mean that less than 15
percent of the budget lies within the
legislature's discretion and this portion
must be used to balance the state's budget.
Unfortunately, public higher education is
one of the few items in this discretionary
component and universities have suffered
vastly disproportionate budget cuts.
Thus, in the present environment nearly all
of the ongoing cuts must come from
higher education. A combination of small
resident tuition increases and some relief
in the budget mean that the higher education budgets for the coming academic year
will be marginally higher than last year's,
though not enough to pay for increases in
energy and health costs. The reality is that
if there are no reforms in the state's
constitutional crisis in the near future, the
legislature will be forced to slash higher
education budgets even more dramatically
over the coming years. Indeed, we face the
remarkable prospect that the state will be
rebating hundreds of millions of dollars to
taxpayers at the same time that it cuts
public contributions to university budgets
close to zero. It is not a sustainable situation.
In fact, CU-Boulder has moved toward
becoming a private institution. Under
legislation passed earlier this year, this
campus was awarded "enterprise status"
because the state's contribution to its
budget had reached well below 10 percent.
Enterprise status means that the campus is
now able to sell construction bonds in
order to erect new buildings and maintain
existing facilities. In principle, it also
means that the university should achieve
greater autonomy in setting tuition rates
over the next few years, though the legislature and governor continue to control
those rates tightly.
Earlier this year the university community
witnessed an episode that must be described as bizarre in the context of public
policy related to the budget crisis. The state
of Colorado simply does not have any
money to construct new buildings and all
agencies operate under a capital-construction freeze unless they can raise the funds
themselves. On our campus the law school
building is old and far behind standards for
competing law schools in terms of space,
library facilities, and internet access. The
need for a new building led university
officials to wage a campaign convincing
student leaders to vote to tax themselves to
pay for it. After months of intensive lobbycontinued on page 4
FACULTY NOTES
he was invited to talk on
"The IT Revolution and
World Competitiveness of
the Taiwanese EconomyInternational Comparisons" at the Symposium on
Taiwanese Economy sponsored by the North
America Taiwanese Professors Association in Orange
County, CA. Currently, he
is working on "Foreign Direct Investment, Trade,
and Growth—Panel Causality Tests for Taiwan, Korea and China" (with Meichu Hsiao) to be
presented, as an invited
speaker, at the 2004 Taipei
International Conference
on Growth and Development in Global Perspectives, Institute of Economics, Academia Sinica,
Taipei, Taiwan.
T
Frank Hsiao and his student, Chang-suh Park, received the Best Paper of
the Year 2002 Award from
the editorial board of the
Journal of the Korean
Economy. "Productivity
Growth in Newly Developed Countries—The Case
of Korea and Taiwan," was
published in the Journal of
the Korean Economy, Vol. 3,
No. 2, fall 2002.
Phil Graves had four papers published in 2003,
one so far in 2004, with another forthcoming, and he
currently has a number of
manuscripts under review.
He gave the following presentations since last reporting on his activities in
the summer 2003 newsletter: "Transferring Control
of Government Spending
to the Voter," at the 28th
Annual Conference of the
Association of Private Enterprise Education, Las Vegas, April 2003, and at
Colorado State University,
Department of Economics,
October 2003; "Public
Policy Implications of Improper Public Goods Valuation: The WTA-WTP Disparity," George Mason
University, ICES, September 2003 and at the University of Missouri, October 2003; "Low-Income ^
FACULTY NOTES „,,„,.,
from the Chair,
Female Migration arid the
Welfare Magnet Effect:
New Evidence from CPS
Data" and "Linking Regional Science and Urban
Economics: Long-Run Interactions among Preferences for Amenities and
Public Goods" at the 50th
Annual North American
Meetings of the Regional
Science Association, Philadelphia, November 2003;
"The Simple Analytics of
the WTA-WTP Disparity
for Public Goods," University of Chicago, Department of Economics, Workshop in Economic Policy
and Public Finance, December 2003; and "Proper
Valuation of Public Goods
and the WTA-WTP Disparity: Public Policy Implications," North Carolina
State University (presented at RTI), March
2004. As he indicated in
last summer's newsletter,
several of Phil's papers
should be quite fun to
read for our former students. Some of them are
available on Phil's website
at: http://spot.colorado.
edu/~gravesp/papers.htm.
iiig, the student group agreed that future
students would pay stiff extra fees in order
to fund the construction of a new lawschool and additional buildings. This
decision showed that the students are
dedicated to the university and willing to
face up to these extraordinary costs over
several decades, despite the fact that most
students will not benefit directly from the
law building. In itself this action is remarkable. The bizarre thing, however, is that the
state, which will contribute not a single
penny to construction costs, will own the
buildings.
T
Jim Markusen spent the
2003-2004 academic year
on sabbatical, headquartered at the Institute for
International Integration
Studies at Trinity College,
Dublin. In addition to
working with a number of
individuals there, he made
a number of trips to give
seminars, workshops, and
to attend conferences.
Some of his longer stays of
five days or more included; the European University Institute in Florence, Hitosubashi
University in Tokyo, the
University of Sydney and
the University of New
South Wales, The National
University of Singapore,
City University and the
University of Science and
Technology, both in Hong
Kong. Shorter academic
trips included visits to
Madrid, Copenhagen,
Stockholm, Vienna,
Prague, and Reykjavik. A
number of papers were
started or completed ^
The budget crisis is dispiriting for the
faculty but other states face fiscal problems
as well. Here however, an equally damaging
event was the attempt by conservative
legislators last year to restrict the freedom
of professors to address their classes.
Relying on highly dubious statistics and
anecdotal inmiendos, these legislators
nearly passed a bill that would have established an "Academic Bill of Rights." Under
this law, professors making comments in
their classes not directly related to their
subject matter (and by inference that were
liberal in tone) could have been subject to
civil and criminal penalties. Fortunately,
the bill did not make it out of committee,
in part because a compromise was struck
under which departments need to monitor
the political tenor of their professors'
lectures in the future. Still, damage was
done to the morale of the faculty here and
it was a factor in the departures of faculty
from economics.
A third problem was the controversy
surrounding the football team. The
recruiting practices alleged to have taken
place have no place on a college campus
and the whole episode was extremely
unfortunate. While not directly affecting
University of Colorado at Boulder
College of Arts & Sciences
Department of Economics
Some Positive Notes
Far better, 1 think, to end on some positive
notes. First, I continue to be delighted by
hearing from recent graduates and learning of their interesting activities. Here are
three examples. Jon Ilokama, who received
an MA in 1996, is now the senior competitive marketing manager for a server
division of Hewlett Packard, with extensive
responsibility for sales in the western
hemisphere. William Weathers, a BA
graduate in 2002, has served two years in
the Peace Corps in Haiti. His assignment
was to teach business skills to Haitian
villagers, where he taught them basic life
lessons from economics, such as "Buy
(peanuts) when the prices are low and
store them until the offseason, when prices
are doubled." And Shombi Sharp, who
received an MA in 2002, was a major author
of the United Nations Development
Program's report on AIDS in Eastern
Europe, released earlier this year in Moscow. The media coverage of the report's
launch was extensive and Shombi was
quoted in some of the world's top journalistic outlets.
Finally, I would like to express my gratitude
again to all the alumni and friends who
offer their support and encouragement to
the department. We are clearly entering an
era where public support for higher
education will decline even further and it
will become increasingly important for
universities and academic departments to
turn to private sources for assistance. I
hope you will consider us as we work to
continue the strong traditions of teaching
and research in economics.
Thank you,
Keilh Maskus
Enclosed is my gift of
D$ 1,000 D$500
D $100
D $.")()
DS250
D Other __
Please use my gift for:
n Department of Economics (0121028)
Address
City
the economics department, it has been
another reason to wonder about the
direction in which the university is headed.
Stale
fj My corporate matching gift form is enclosed
Phone _
1 would like to make my gift bv credit card:
E-mail
D VISA
[J MasterCard
Q A. Express G Discover
Please make checks payable to: CUFoundation
and mail to: P.O. Box 1 140, Boulder, CO 80300-1140
Save time! Make your gift online at
www.colorado.edu/cufoundation/givetocu
or call toll-free 888-287-2829.
686
Economics Program Review
Keith Maskus
The university requires that each of its
academic departments and programs goes
through a comprehensive program review
every seven years. The process takes three
semesters arid we are two-thirds of the way
through. In the first stage, the department
rates itself in a number of categories
covering leaching, research, and administration. The second stage involves a group
of CU faculty members from outside
economics offering their own studied
opinions of the department's situation and
progress. In a third stage, expert economists from outside the university visit the
campus and write their own report. Those
economists will be here in September
2004. In the final stage, the university
administration reads these various reports
and makes a series of recommendations
about how to improve things. These
recommendations are quite important in
determining the resources that the department will receive over the next planning
period and in setting a course for its
future.
In this article I would like to share some
highlights of the department's report on
itself, because I think it will help explain
the nature of our activities. Probably the
most remarkable aspect is the enormous
undergraduate student demand. In
economics, the number of undergraduate
student credit hours (SCH) rose from
21,979 in 1996 to 33,409 in 2003, an
increase ol 52 percent. Economics generated the largest number of SCH of any unit
011 the Boulder campus in 2003. The
department accounted for 1,166 SCH per
faculty member, the largest figure on
campus by far. In fall 2003 there were 30
faculty members and for the ratio of SCH
per faculty to decline to the highest levels
for other large departments, economics
would need 44 faculty in total. Unfortunately, with retirements and departures,
the number of faculty entering the fall
2004 semester will be only 24. In short, we
have a significant shortfall in the size of
our department.
teachers. We do think, however, that our
students ultimately would be better served
by having more faculty in the classroom and
we are pushing the administration to
recognize this need.
A second highlight is the continuing
improvement in our doctoral education. In
the chair's report I wrote of the placement
success we have had with our PhD candidates. It is also noteworthy that structural
changes in our graduate program, higher
expectations, and improved technical skills
on the part of students have resulted in a
quantum leap in the research productivity
of the doctoral students. For example, in
the academic years 2000-01 and 2001-02,
nine of 15 PhD recipients had published
professional articles before leaving CU,
while at least four more have done so since
completing the degree. These articles
appear in such prestigious journals as
Journal of International Economics, Journal of
Hi'alth Economics, and Journal ofDevrlopmnnl
Economics. Research productivity among our
graduate students is at an all-time high,
which is directly related to their successful
placement.
In its report the department recognizes that
it needs to gain more productivity from
faculty who are less active in research,
improve diversity and gender balance
among faculty, and become more entrepreneurial in seeking outside financial support.
Over the coming few years we will be
implementing procedures to achieve these
goals. Ultimately, our major need is simply
in having more faculty in the classroom and
performing high-quality research. We will
work with the administration and donors to
find resources to bring that objective to
fruition.
This does not mean that students are
taught poorly. Rather, we have an unusually large number of visitors and
instructors teaching our undergraduates.
Indeed, in the coming fall semester 70
percent of our undergraduate courses will
be taught by instructors and visitors. These
people are informed and dedicated
FACULTY NOTES ,„,„,.,
during the year, most focusing on aspects of multinational firms.
Keith Maskus recently published "Competition for
Multinational Investment
in Developing Countries:
Human Capital, Infrastructure, and Market Size,"
(with David Carr and
James Markusen) in Robert E. Baldwin and L. Alan
Winters, editors, Challenges
to Globalization (University
of Chicago Press), 2004;
"The Globalization of Private Knowledge Goods and
the Privatization of Global
Public Goods," (with J. II.
Reichman) Journal of International Economic Law,
June 2004. His forthcoming publications include:
"The Price Impact of Parallel Imports in Pharmaceuticals: Evidence from
the European Union,"
(with Mattias Ganslandt)
Journal of Health Economics,
'2004; "Vertical Price Control and Parallel Imports:
Theory and Evidence,"
(with Yongmin Chen),
World Bank, Policy Research Working Paper 02035, Review of International
Economics, 2004; and "Intellectual Property Rights in
the WTO Accession Package: Assessing China's Reforms," in Deepak
Bhattasali, Shantong Li,
and William J. Martin, ed.,
Implications of China's Entry
into the World Trade Organization (Oxford: Oxford
University Press), 2004. He
presented "The Price Impact of Parallel Imports in
Pharmaceuticals: Evidence
from the European
Union," at University of
Michigan (March 26), University of Florida (March
9), and University of Wisconsin-Milwaukee (April
30); "Prospects for Improving International Technology Transfer to Poor
Countries," at Michigan
State University Law
School, March 27. Keith
was an invited speaker at
the European Commission
Conference on the tenth
anniversary of the TRIPS
Agreement in the World
Trade Organization, ^
Department of Economics 2003-04 Sen
August 28, 2003
Giovanni Peri, University of California at Davis
"Knowledge Flows, R&D Spillovers and Innovation"
November 21, 2003
Johannes Moenius, Northwestern University
"Law and the Trade of Less-Developed Economies"
September 5, 2003
Terra McKinnish, University of Colorado at Boulder
"Sexually-Intergrated Workplaces arid Divorce: Another
Form of On-the-Job Search"
December 4, 2003
Neil Wallace, Pennsylvania State University
"Float on a Note"
September 12, 2003
Eckhard Jamba, University of Colorado at Boulder
"International Trade and Cultural Identity"
December 5, 2003
Selmem Kalemli-Ozcan, University of Houston
"Why Doesn't Capital Flow from Rich to Poor Countries?
An Empirical Investigation"
September 19, 2003
Yongmin Chen, University of Colorado at Boulder
"Marketing Innovation"
December 10, 2003
Aloysius Siow, University of Toronto
"Who Marries Whom and Why"
September 20, 2003
James Dana, Northwestern University
"Buyer Groups as a Strategic Commitment"
January 23, 2004
Margaret Ledyard, University of Minnesota
"Smaller Schools or Longer Bus Rides? Returns to Scale
and School Choice"
October 10, 2003
Mallias Gamlandt, The Research Institute of Industrial
Economics, Stockholm
"Bottled Water—a Case of Pointless Trade?"
October 17, 2003
John Cuddinglon, Georgetown University
"Assessing the Integration of U.S. Natural Gas Spot
Markets: Evidence from Daily Price Data"
October 23, 2003
Priya Ranjan, University of California at Irvine
"Corruption, Environmental Resources, and International
Trade"
October 24, 2003
Nezih Guner, Peimsylvaimia Slate University
"Marital Instability and the Distribution of Wealth"
October 30, 2003
Martin Boileau, University of Colorado at Boulder
"Dynamics of the Current Account and Interest Differentials"
November 7, 2003
Patrick Bajari, Duke University
"Demand Estimation With Heterogeneous Consumers
and Unobserved Product Characteristics: A Hedonic
Approach"
November 14, 2003
Peter Norman, University of Wisconsin at Madison
"An Efficiency Rationale for Bundling of Public Goods"
January 20, 2004
Unjy Song, University of Wisconsin
"Nonparametric Estimation of an eBay Auction Model
with an Unknown Number of Bidders"
January 28, 2004
Celeste Saravia, University of California at Berkeley
"Speculative Trading and Market Performance: The Effect
of Arbitrageurs on Efficiency and Market Power in the
New York Electricity Market"
February 2, 2004
Federico Ciliberlo, North Carolina State University
"Market Structure and Multiple Equilibria in Airline
Markets"
February 05, 2004
Ricard Gil, University of Chicago
"Decision Rights Allocation in the Movie Industry: Understanding Vertical Integration"
February 13, 2004
Mural lyigun, University of Colorado at Boulder
"On the Efficacy of Reforms: Policy Tinkering, Institutional Change, and Eritrepreneurship"
February 20, 2004
Anna Rubinchik-Pessach, University of Colorado at Boulder'
"Composition of Public Spending arrd the Architecture of
the Cabinet"
February 27, 2004
Daniel McMillen, University of Illinois at Chicago
"Airport Expansions and Property Values: The Case of
Chicago O'Harc Airport"
jrninar Series
March 5, 2004
Muskfiq Mobarak, University of Colorado at Boulder
"The Political Economy of Health Services Provision and
Access in Bra/il"
March 12, 2004
Steven Stern, University of Virginia
"Are Lemons Really Hot Potatoes?"
March 17, 2004
Peter Debaere, University of Texas at Austin
"Reversing the Perspective: Expansion Activities of Multinational Corporations From Middle-Income Countries"
March 25, 2004
Joshua Angrist, Massachusetts Institute of Technology
"The Effect of High School Matriculation Awards: Evidence from Randomized Trials"
March 29, 2004
Pierre-Andre Chiappori, University of Chicago
"Collective Labor Supply with Children"
April 2, 2004
Diego Valderrama, Federal Reserve Bank of San Francisco
"The Impact of Financial Frictions on a Small Open
Economy: When Current Account Borrowing Hits a Limit"
April 9, 2004
Maria Ferreyra, Carnegie Mellon University
"Estimating the Effects of Private School Vouchers in
Multi-District Economies"
April 16, 2004
Lawrence Blume, Cornell University
"If You're So Smart, Why Aren't You Rich? Belief Selection
in Complete and Incomplete Markets"
April 23, 2004
Pmnab Bardhan, University of California at Berkeley
"Inequality and Collective Action"
2003-2004 Awards
Stanford Calderwood Faculty Teaching Award
Barry Poulson
Stanford Calderwood Student Teaching Award
J. Ulyses Balderas
Graduate Award for Public Policy Research
Xiaoyang Chen
Reuben A. Zubrow Fellowship in Economics
Aric Shafran and Kiyoshi Yonemoto
James C. Campbell Graduate Fellowship
Bradley Graham and Xiaofei Yang
Morris E. Garnsey Fellowship
Woradee Jongadsayakul
Eric D. Bovet Endowed Fellowship
Stephanie Martin
Leslie Whittington Memorial Prize for Excellence
in Economics
Jason Pearcy
Leslie Whittington Endowed Fellowship in Economics
Molly Lipscornb
Best Published Faculty Article in Public Policy
Charles de Bartolome
"Equilibrium with Local Governments and Commuting:
Income Sorting vs. Income Mixing," Journal of Urban
Economics, July 2003.
Val B. and Helen W. Fischer Scholarship
Economics
Drew Soderborg
Sociology
Amy Weiner
Political Science
Laurel Ilarbridge
Anthropology
Leslie Townsend
Jacob Van Ek Scholars Award
Adrian Clark
FACULTY NOTES
(m,.>
Brussels, June 23, and a
keynote speaker at the
Fundacion Agenda Colombia, Conference on
Globalization, Intellectual
Property Rights, and Social Equity, Bogota, July
2004.
Robert McNown spent the
fall semester as a visiting
professor in the Department of Econometrics and
Business Statistics at the
University of Sydney. In
addition to teaching two
courses in applied econometrics, Robert presented
seminars, based on his
work in time series models
of fertility behavior, at
Monash University in
Melbourne, Adelaide University, and in his home
department. His recent
publications include:
"Cointegration Modeling
of Fertility in the United
States," Mathematical Population Studies, April-June
2003; "Time Series Analysis of Fertility and Female
Labor Market Behavior"
(with Sameer
Rajbhandary), Journal of
Population Economics, August 2003; and "A Co-integration Model of Age-Specific Fertility and Female
Labor Supply in the
United States," Southern
Economic Journal, November 2003'.
Anna Rubinchik-Pessach
has two papers
forthcoming:"Can Decentralization Be Beneficial?"
University of Colorado at
Boulder Working Paper
03-09 (forthcoming in the
Journal of Public Economics),
and "An Inquiry on Efficiency of Federal Assistance for Water Projects
based on pre- and postWRDA data," ZEI WorkingPaper, 2001 (forthcoming
in International Tax and
Public Finance). She has
presented her work at the
second world congress of
the Game Theory Society,
Marseille, July 2004; Public. Choice Society meetings, Baltimore, March
2004; seminar at
Concordia University, ^-
Remembering Lawrence Senesh
(March 27, 1910-November 19, 2003)
Chuck Howe and Larry Singell
Lawrence "Larry" Senesh of Boulder died
of natural causes at his home on November
19, 2003. Me was 93.
Mr. Senesh was a professor of economics al
the University of Colorado from 1969 to
1980.
He had a brief career as a journalist with
the Hungarian Statistical Review (Statistikai
Tudosito) before fleeing Hungary at the
beginning of World War II. He was inducted into the army in 1942. He served at
Camp Carson, Colorado, before joining the
Army Information Education Agency in the
South Pacific in New Caledonia. He
received a Commendation for Outstanding
Service and a Bronze Star for meritorious
service—his greatest pride and joy.
was a valued colleague and master teacher.
In settings as diverse as an elementary
school class or a graduate seminar, he was
capable of motivating his audience to reach
the highest planes of understanding.
Kenneth Boulding, having observed Larry's
capacity, formulated what he dubbed as
Senesh's Law. This law, a modification of
Occam's razor, simply says anything you
can't explain to fourth graders is unlikely
to be true. This talent produced generations of young scholars with a deep
commitment to leaching excellence.
He joined the faculty of the University of
Denver as an assistant professor of economics and assistant, director of creative
graphics. From 1950 to 1952, he studied at
the London School of Economics and in
1952 became the first staff economist with
the Joint Council on Economic Education
in New York City. In 1957 he joined Purdue
University's economics faculty, and in 1969
he came to the University of Colorado.
From 1964 to 1973, he developed a social
science curriculum for grades one through
six, titled "Our Working World," which
included textbooks, resource gtiides and
filmstrips. In this work, he collaborated
extensively with Kenneth Boulding and
other eminent social scientists.
He recieved an honorary doctorate from
Purdue University, the Marvin Bower
Medal Award from the Joint Council on
Economic Education, and a Fulbright
Award for his life's work. In 1991, the
Indiana Council for Economic Education
recognized Mr. Senesh for his K-12
initiatives, and the first Lawrence Senesh
Award for School Administrators was
presented. The Lawrence Senesh Fellowship was established at the University of
Denver, and Lawrence Senesh Archives
were created at the Krannert School of
Business at Purdue University.
Here in Boulder, friends and colleagues
will deeply miss and fondly remember
Larry Senesh's charismatic and charming
nature. A person of utter integrity, Larry
One of Larry Senesh's most endearing
qualities was his wonderful sense of humor.
His colleagues were always eager to hear his
latest jokes. Frequently these jokes, while
uproariously funny, also contained some
pointed insight into social and political
issues. In the glint and crinkle of Larry's
blue eyes was always the message "society
can be better, we can make a difference,
and this joke is an insight into a direction
we might take."
Larry Senesh was a living example of the
power of a committed Renaissance man.
His love for art, music, and the highest
forms of human expression in every field,
dominated his life's activities.
One of the great lessons of civilization is
that it provides an opportunity for each
new generation to stand 011 the shoulders
of giants. Larry Senesh was such a giant,
providing superior perspective to all who
were fortunate to share his company.
What Is Public Economics?
Anna Rubinchik-Pessach
Public economics is concerned with a vast
spectrum of questions: from defining the
best composition of public spending and
taxation, to the most desirable forms of
government that are likely to implement
such policies. To start, it is essential to
formulate compelling objectives for a
society (or a country) and then to examine
the most efficient ways to achieve those
objectives. Both require a profound
understanding of the working of the
economy as a whole, and the incentives of
those who decide on the policies. Recent
advances in the fields of general equilibrium theory and the theory of incentives have
provided public economists with an unprecedented opportunity to address the core
questions carefully and to state the answers
clearly. Those who joined the quest became
known as public economic theorists.
The Association for Public Economic
Theory (APET) promotes research in this
area and held its first meeting at the
University of Alabama, Tuscaloosa, in May,
1998. Professors Myrna Wooders from
Warwick University in England and John
Conley from Vanderbilt University are the
founders of the association, which issues
the Journal of Public Economic Theory (JPET).
CU economists have contributed toJPET
and the association in different ways.
Charles de Bartolome serves as an associate
editor for the journal. lie and Eckhard
Janeba have published their research in /PET.
Last year three CU faculty members,
Charles de Bartolome, Eckhard Janeba,
and Anna Rubinchik-Pessach presented their
work at the third APET meeting in Paris.
Charles's current research focuses on the
American city and the stylized fact that
inner cities in the U.S. tend to have a
higher proportion of the metropolitan
poor than the suburban communities. The
paper he presented in Paris shows that
there are often two metropolitan equilibria—one in which poor families
concentrate in the inner city and one in
which poor families concentrate in the
suburbs. That the former equilibrium is the
observed equilibrium is a consequence of
the historical growth of cities. When
metropolitan populations were small the
inner city contained the whole population,
and public services were low because poor
families formed the majority. As the city's
population grew, rents rose in the city and
richer families found the possibility of
forming a suburban community with low
rents and higher public services increasingly attractive. At a critical population size,
richer families "jumped to" the suburbs
and the current equilibrium—with poorer
families in the inner city and richer families
in the suburbs—was established. Whether
this equilibrium is the efficient or the
equitable equilibrium depends on the
metropolitan population, but the interesting
thing is that there is a trade-off between
efficiency and equity.
Eckhard focused in his presentation on the
observation that governments often appear
to target business tax relief to attract
investment from abroad, while maintaining
higher taxes on immobile investment.
These preferential tax arrangements take
many forms (including sectoral differences
in corporation income tax rates, selective
investment tax credits, and tax holidays)
and have emerged in response to increased
mobility of some forms of capital and
increased international competition for
such bases. Recently, international organizations have attempted to define
international standards for capital taxation
as a means to control tax competition (e.g.,
an OECD report on harmful tax competition). We study a general model of
competition for multiple tax bases and
establish conditions for a restriction on
preferential regimes to increase or decrease tax revenues and welfare of
countries. Our results show that restrictions
are most likely to be desirable when tax
bases are on average highly responsive to a
coordinated increase in tax rates by all
governments, and when tax bases with
large domestic elasticities are also more
mobile internationally.
FACULTY NOTES
October 2003; European
Econometric Society meetings, Stockholm, August
2003; the sixth conference
of the Society for the Advancement of Economic
Theory on Current Economic Trends, Rodos,
Greece, July 2003; seminar
at the University of
Konstanz,June 2003; Public Economic Theory Conference, Duke University,
June 2003; public economics seminar at CORE,
Louvain-la-Neuve, May
2003; Public Choice Society meetings, Nashville,
March 2003; and seminar
at Southern Methodist
University, September
2002.
Anna (presenting a joint work with Roberto
Samaniego from George Washington
University) suggested a way to relate the
emergence of property rights to economic
development. Advances in trade generate a
niche for an agency that protects arid
enforces individual property rights. Its
presence facilitates exchange and leaves
more time for productive activities. The
main result illustrates that increasing gains
from trade raises the willingness to pay for
protection. If this role is played by a formal
government, the finding can be reinterpreted to say that trade fosters government
growth. Presenting these ideas in a 400year-old Sorbonne auditorium surrounded
by life-size portraits of Descartes, Pascal,
and other great thinkers of the past made
the conference especially memorable.
ALUMNI NOTES
Another Honorable Year, 2003-2004
David Baskin (BA 73) is
the president of Baskin Financial Services, Toronto.
Baskin Financial is a boutique wealth management
company with clients
across Canada.
www.baskinfmaiicial.com
Nicholas Floras
Associate Professor of Economics
As part of its tradition of excellence in
education, the economics department
offers an undergraduate departmental
honors option for qualifying economics
majors. The Economics Honors Program is
operated in conjunction with the College
of Arts and Sciences Honors Program. In
their senior year, economics honors
candidates participate in a two-course
research methods seminar sequence.
Through the sequence and with the help of
a primary economics advisor, economics
honors students develop and implement an
original economics research project. Upon
completion of the project, students write a
thesis summarizing their research contributions and orally defend their research in
front of a three-member examining
committee. The examining committee
consists of two economics faculty and one
outside (of economics) faculty member
from the University of Colorado at Boulder. Based on the quality of the thesis, the
quality of the oral defense, and the
student's overall academic record, the
examining committee makes an honors
recommendation to the College of Arts
and Sciences Honors Council. The Honors
Council then considers the examining
committee's recommendation in the
context of honors candidates from across
the college and makes a final decision. The
possibilities include no honors, cum laude,
magna cum laude, or the highest, summa cum
laude.
Peter Bonfante (BA '00)
received hisJD from
Loyola Law School. Los
Angeles in 2004. He will
work for Coudert Bros
LLP, Los Angeles after bar
exam.
Dan Botti (BA '82) is currently employed as a principal at Peregrine Asset
Advisors.
Charles Cartwright (BA
'92) received his MBA at
the University of Nevada
Las Vegas in 2003. He is
presently employed as
Team Lead at America
West Airlines in Las Vegas.
V
Scott Gassier (PhD '81) is
a professor of economics
at Vesalins College of the
Vrije Uriivcrsitcit Brussel,
Belgium. His book, Beyond
Profit and Self-Interest: Economics with a Broader Scope,
has just been published in
the UK and U.S.
Economics Honors Graduates from Fall
2003 and Spring 2004:
Brent Berc (magna cum laude)
Travis Berge (summa cum laude)
John Bernard (magna cum laude)
Jennifer Burnham (summa cum laude)
Keith Cackowsky (summa cum laude)
John Gardner (summa cum laude)
Heather Guttersohn (magna cum laude)
Noah Hirsch (magna cum laude)
Katlnyn Landuyt (summa cum laude)
Natalie Lyon (summa cum laude)
Ian McCulley (magna cum laude)
Chris Ramos (magna cum laude)
Kelley Roberts (magna cum laude)
Morgan Sail (summa cum laude)
Chad Salvadore (summa cum laude)
Drew Soderborg (summa cum laude)
David Trace (magna cum laude)
Dan Vedra (magna cum laude)
Tyler Hamilton (Economics major '94) won a gold
medal in the Men's Individual Time Trial cycling
event at the 2004 Summer
Olympic Games in Athens.
Deirdre Demet-Barry (who
took undergraduate Economics classes as part of
her International Affairs
BA degree '03) won a silver medal in the Women's
Individual Time Trial cycling event.
Charles Harry (BA '95;
MA '00) is employed as a
national security analyst
with Science Applications
International Corp (SAIC)
doing economics relating
to homeland security. He
has supported Steve
Malphrus from the Fed
(staff director), Brian ^-
From the fall of 2000 through the spring of
2004, I served as co-director of the Economics Honors Program. Serving as
10
co-director was a wonderful experience that
provided me insights into how students
learn, create, execute their work, interact
with their peers, and interact with their
advisors and examination committee
members. Our Economics Honors Program
is both selective and optional, resulting in
the self-selection of some of the brightest
and most highly motivated students on
campus. Honors students are afforded the
opportunity to apply the skills they have
acquired as economics majors to a research
topic of their choosing. In contrast to our
graduate students, who often write almost
exclusively for the economics profession,
our undergraduate honors students have
the audacity to study just about any topic
that interests them. The results are consistently spectacular. Over the years I have
seen truly interesting and engaging thesis
topics, this past academic year being no
exception. A few of this year's topics
include: weekend versus weekday price
discrimination to alleviate congestion on
public golf courses; the matching market
for rock musicians; market demand for
NCAA football tickets on eBay; the potential of Europe's black market to explain
Euro dollar weakness from 1999-2000; the
relationship between European commodity
prices and the removal of trade barriers;
the economic feasibility and effectiveness of
proposed social security reforms; and
academic performance of scholarship
student, athletes. In terms of interesting
thesis titles, my personal favorite for the
past academic year was John Gardner's
thesis, "Won't You Be My Neighborhood?
Comparing Conventional and Alternative
Indices of Residential Segregation."
Honors graduates frequently comment that
the honors process is one of the capstone
events of their undergraduate education.
Honors students develop strong lifelong
bonds with fellow students and faculty that
would not likely have developed if riot for
their year in this intellectual boot camp.
Similarly as a faculty member, I readily
admit that working with honors students is
one of my most pleasurable experiences as
an educator at. the University of Colorado.
These students are among the best of the
best and it is a treat to watch them mature
through the honors process and then go
onto many other successes in life.
Department of Economics
2003 Graduates
ALUMNI NOTES
Tishuk from Treasury (infrastructure protection),
and Lew Podolske from
the White House (Economic Consequence Management). He also has
been working with Miles
Light on several projects
to estimate economic impacts resulting from WMD
attacks in the US.
PhD
Sylvia Allegretto
Galina An
Jared Carbone
Valeriy Gauzshtein
Changying Li
Changsuh Park
Hesham Al-Ogee
\ayef Alsadoun
Sara Anjomani
Jessada Buranapansri
Kyoo Hong Cho
Pattra Daosodsai
J H I i c v Dean
Woradee Jongadsayakul
Tharadol Kunathikom
Stephanie Martin
Noah Abrams
Jason Aga
Mark Agcaoili
Ashley Ahwah
Robin Akell
Nicole Aldonas
Michael Alexander
Christopher Amedeo
Adrienne Anderson
Daniel Anderson
Hannah Bagus
Seth Bame
Jonathan Banis
Jonathan Baran
Dion Barela
Cecilia Barsk
magna cum luude
Kric Davis
Rvan Delgado
Kale Dennis
Brigitte de Pagter
Joseph Dezzutti
Hugo Doetsdi
Brady Dolsen
John Dorrier
Nicholas Dcmncv
Kyle Drullinger
James Drybanski
Katharine Duffield
Matthew Durcii
Rebekah Eayrs
Stephen Kbangh
Jacqueline Eisen
Brandon Fellman
Gabriel Finesilver
Jessica Fluiv
wiih distinction
Robert Fonner
Daniel Ford
Joshua Friesen
Jed Fritz
Joshua Futterman
John Gardner
summa cum laude
John Gaumnitz
Andrew Geisn
Paul Gesierling
Jason Gilligan
Brian Ginkrl
Mark Glassman
Crispin Gonzalez
Joseph Gorman
Sara Gorton
Aaron Grant
Peter Grave
Philip Greenberg
John Grcfe
Richard Grego
John Hagan
Rawad Hage
Ryan Hagerty
Jonathan Haiminis
Molly Hallock
Jiwon Han
John Harmon
D u i a n Harris
William Hart
Matthew Hastings
Graham Hebson
Shawn 1 lelm
Nola Henderson
Murl I lendrickson
Lael Hester
David Hilton
Tyson Hodge
Ashley Honig
Timothy Hoppin
Phillip Proseda
Thitima Puttitanuu
Seungwon Seo
Collin Starkweather
Jennifer Thacher
Eina Wong
Master of Arts
Robin Melzig
Christina Peters
Alicia Lehan
Katherine Saner
Aric Shafran
Joshua Sidon
Kamolrat Wawattanawongkeeree
Lei Yang
Joungwon Yoo
Yajie Zhao
Jon Hokama (MA '96) is
the senior competitive
marketing manager for
one of Hewlett Packard's
server divisions (a position
he has held since June
2000). Jon, his wife and
two daughters live in Denver.
Bachelor of Arts
With distinction
Scoti Bauer
Brandon Beard
Robert Berkeley
John Berres
James Berry
Jessica Betts
Michael Biesecker
Dylan Bird
Elizabeth Black
Madnratna Black
David Blair
Peter Blum
Eugene Bridgewater
I.isako Bridgewater
Jessica Brookhart
Paul Brooks
Patrick Brougham
William Brown
(enna Browning
James Burfisher
John Burkhart
Jennifer Burnham
Edwin Camp
with distinction
Kelly Camp
mfigna rum laude
Peter Carlton
Marcos Carvalho
Andrew Cerri
Derek Chase
magna cum laude
Chi Myong Chong
Dara Chuang
Megan Churchley
Karen Cipolla
Christopher Clark
Anna Cole
Kirs ten Comstock
David Craig
Andrew Dale
Francois Dallain
Frank Davidson IV
Christopher 1 lopwood
Aubrey Hruby
with distinction
Joseph Hunt
Daniel Irvine
Christopher Isham
with distinction
Yunchuljeong
Matt Jung
Staci Kahl
Matt Kanda
Syn Young Rang
Daniel Kaskubar
with distinction
Michael Keane
James Kearns
Kimberly Keyser
Kevin Kientz
Jason Kloss
Jason Komolmis
Katherine Kompinski
Michael Konrad
Alexander Kramer
with distinction
Kathryn Landuyt
Andrew Larson
Han Lee
Noah Lieb
summa cum laude
Kristin Liening
Geoffrey Lindquist
Erin Lindstrom
Nathan Litsey
Jonathan Little
Erika Lodge
Ernesto Lopez
Tarn Luong
Natalie Lyon
with distinction
Peter MacLeod
Sean MacNabb
Jennifer Malcolm
with distinction
Jesse Malcomb
Matthew Malinski
Reuben Mann
John Marco
Mark Mariscal
Jennifer Martinic
Ben Mason
Nisha Mathew
Scott Mathias
John-Paul Maxfield
Brandon MrCannel
Marshall McCarty
Nickolas McGrath
Scott McKinney
Sean McNeill
Matthew McQuaid
Erin McVeigh
Christopher Mederna
Timothy Merribew
John Meyer
Ryan Mczey
Ji Mizell
Mari Anne Moeller
Jamie Moore
Tom Moore
Patrick Moran
David Morin
Bradley Mowbray
Dax Nava
Paul Neumann
Christopher Newell
Juliet Nguyen
Thanh Tuyet Nguyen
Zachary Noteman
Barbara Obrochta
Daniel ODonnell
Jesse Odle
Katherine O=Neill
Frank Packard-Reed
Anne Palmer
Tove Pashkowski
Sean Patten
Jason Patterson
Joseph Pekarsky
Ryan Phillips
Irina Pinkhasova
George Pinyerd III
James Plotnik
Matthew Podmore
Garrett Polizzi
Shannon Port
Charles Pratt
Jonathan Praw
Paul Pregrocki
Carly Przysinda
Elzbieta Ptasznik
John Ray
Douglas Reasoner
Allyson Reedy
magna cum laude
Matthew Reimer
Geoffrey Reyes
Kimberley Riede
Kendra Riesberg
John Stephen Ritter
Nicholas Ritz
Eric Robbins
Kelly Roberts
magna cum laudf
Sarah Roberts
Conrad Roesch
Brett Rogers
Ami Ross
Lorraine Rountree
Catherine Rowe
Tom Sangviriyakul
Katharine Saunders
Russell Sawk ki
Dennis Schwartz
Jeffrey Schwartz
Trevor Seelye
Darren Sen
Ryan Shanley
John Sheehan
Eric Simonians
Jason Spinell
Christina Stacy
J o n a t h a n Stahlman
Joseph Steiner
Michael Steiner
Michael Stevens
Robert Stone
Stephanie Strine
Justin Strobach
Andrew Swinbank
Jessica Talarico
Hcndra Tambalitan
Kelvin Tang
with distinction
Erie Theile
Diva Thomas
Charles Thresher
Jonathan Tilton
Matthew Todaro
Keong Tong
Edwardo Torres
Jorge Torres
Heather Towt
with distinction
Tim Tressel
Douglas Tully
Kerry Tuohy
Tiffany Ullrich
Christine Valenti
Dustin Van Dyk
Eric Venable
Richard Volk
Zoya Voronovich
Jesse Walker
with distinction
Stephen Wang
Ryan Ward
Clinton Werth
Justin Wesley
Adam White
Scott Wingfield
Philip Wolfe
Emily Wood
Shad Yon
Kenneth Yonan
Michael Zavattaro
Ying /hang
Sharilyn Zieff
Rebecca Znameroski
Albert Kaff (BA '42) has
been writing for the
monthly Overseas Press Club
Bulletin (New York) since
1967.
Kagessato Kaky (BA '99) is
living in Tokyo where he is
a student in Englishjapanese translation in the
business field.
Rob Miller (BA '02) joined
the Peace Corps after his
graduation from CU and is
now stationed in the Republic of Haiti. His assignment was teaching business skills, a two-year
commitment at minimum.
Now, he is a Peace Corps
adviser and instructor to
Haitians trying to start
businesses. He also teaches
accounting principles and
basic business procedures.
T
Joan Friedland Nagel (BA
'75; CU LawJD '78) has
served as deputy district attorney at Boulder Country
DA's Office since 1980.
She is married to Bill
Nagel (CU Law '80) and
has two children.
Kathleen O'Brien (BA '81)
is the recipient of an
Editor's Choice Award for
Outstanding Achievement
in Poetry for her poem
titled PopUps "because it
displays a unique >
11