CV Andrew Verdon October 31, 2017 Business Address Economics Department Binghamton University, PO Box 6000 4400 Vestal Parkway East, Binghamton, NY 13902 (732) 642-2053 Citizenship American Education State University of New York, Binghamton. PhD Economics, Expected May 2018. University of Rochester. M.A. Economics, March 2011. Rutgers. M.A. Economics, May 2008. Rutgers, (Honors College) B.A. - Mathematics, Economics, January 2008. Summa Cum Laude. Phi Beta Kappa. Fields Labor Economics, Economics of Education, Applied Econometrics, Applied Microeconomics. Working Papers Explaining School Attainment with the Life Cycle Model. (Job Market Paper) Human Capital: Homogenous or Heterogeneous? 1
Selective Work Experience Instructor, State University of New York Binghamton. Binghamton, NY; 2016; 2017 Advanced Mathematical Analysis for Economists (PhD) (Fall 2017) Advanced Mathematical Analysis for Economists (PhD) (Fall 2016) Principles of Macroeconomics (BA) (Summer 2016) Principles of Macroeconomics (BA) (Spring 2016) Teaching Assistant, State University of New York Binghamton. Binghamton, NY; 2013-2015; 2017 Economic Forecasting (BA), Professor Damayanti Ghosh (Spring 2017) Microeconomic Theory I (PhD), Professor Mingmei Jones (Spring 2015) Information Economics (BA), Professor Mingmei Jones (Spring 2015) International Trade (BA), Professor Mingmei Jones (Spring 2015) Macroeconomic Theory (BA), Professor Christopher Hanes (Fall 2014) Principles of Macroeconomics (BA), Professor Kenny Christianson (Spring 2014) Principles of Macroeconomics (BA), Professor Kenny Christianson (Fall 2013) Senior Actuarial Analyst, The Hartford Financial Group. Hartford, CT; 2012-2013 Business Analyst, Insurance Services Office. Jersey City, New Jersey; 2011-2012 Tutor, Kaplan Academic Premier. Newark, NJ; 2007-2008 Tutored the GRE, SAT math section and ACT math and science sections. Tutor, Rutgers University. New Jersey; 2006-2008 Tutored the following subjects at all levels: finance. math, physics, economics, and University Service Graduate Student Welcome Reception, Economics Department, Binghamton University, 2014, 2015, 2016 2
Ambassador for Graduate School Orientation for New Graduate Students, Economics Department, Binghamton University, 2014, 2015 Graduate Student Mentor, Economics Department, Binghamton University, 2015, 2016, 2017 Senator for the Economics Department to the Graduate Student Organization 2015-2016, Alternative Senator for the Economics Department to the Graduate Student Organization 2016-2017, Panel member for Fall 2016 Orientation of new Teaching Assistants, Undergraduate TA Mentor, Economics Department 2015, 2016, 2017, 2018. Honors and Awards Tuition Scholarship and Teaching Assistantship, Binghamton University, 20132018 Honors College, Rutgers University Deans List: 7 Semesters Lionel McKenzie Fellowship University of Rochester Economics Department Graduate Fellowship Phi Beta Kappa Beta Gamma Sigma Omicron Delta Epsilon Rutgers University Pine Award for demonstrating outstanding scholastic excellence in physical science and mathematics (2008) Rutgers University Moodys Award for excellence in Economics (2008) Pulaski Scholar (2006) Polish & Slavic FCU Scholarship (2004, 2005, & 2006) Rutgers Outstanding Scholars Program (Free Tuition, Room and Board Scholarship) Judith Fay Ross Scholarship Golden Key Provost Scholarship Captain, Rutgers Fed Challenge Team Won second at the 2007 Federal Reserve Bank of New York Districts Federal Reserve Challenge. Team won a $10,000 grant from the Moodys Scholarship Foundation. Won the 2006 Federal Reserve Bank of New York Districts Federal Reserve Challenge. Team won a $25,000 grant from the Moodys Scholarship Foundation. Language English (Native) 3
Skills Proficient at R, Stata, Eviews, SAS (Beginner) and Excel References Solomon Polachek (Advisor) University Distinguished Professor Phone: (607) 777-6866 Email: polachek@binghamton.edu David Slichter Assistant Professor Phone: (217) 493-9538 Email: slichter@binghamton.edu Mingmei Jones (Teaching Reference) Visiting Assistant Professor Phone: (607) 777-4755 Email: mjones@binghamton.edu 4
Explaining School Attainment with the Life Cycle Model. (Job Market Paper) Human capital models predict that an individuals schooling attainment is positively related to ability and inversely related to discount and skill depreciation rates. I use panel data from five countries to estimate complex nonlinear earnings functions person-by-person which utilize procedures developed in Polachek, Das, and Thamma-Apiroam (2015) to test these human capital propositions. I find the expected correlations with school attainment hold with few exceptions, notably Germany. I produce the expected results and similar distributions across countries with different institutions. Assessing parameters from the life cycle model suggests parameters rather than institutions drive school attainment and provide further evidence supporting the life cycle model. Human Capital: Homogenous or Heterogeneous? In life cycle models, labor is comprised of basic elements called human capital and sold in a market for a rental rate. Most versions of the widely used Ben-Porath model assume that human capital is homogenous. I test the claim that human capital is homogeneous using datasets from the United Kingdom, USA, Germany, South Korea, and Switzerland. My estimation measures five parameters for each individual: three ability measures (two representing the ability to learn and one the ability to earn), a rate of skill depreciation, and a time discount rate. Using structural form models, I generate estimates of the rental rate of human capital for the population of each country and disentangle it from human capital. I use these estimates to answer the following question: is it the quantity of human capital that determines wages or is it the type of human capital that determines wages? This paper finds human capital to be heterogeneous in most settings, which is contrary to the previous literature. 5