Department of Economics https://www.clarku.edu/departments/economics/ Clark University Mon, 08 Dec 2025 00:26:37 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Professor Emeritus Wayne Gray and his former Ph.D. student Rabia Mansoor win 2025 Michael Szenberg Prize https://www.clarku.edu/departments/economics/2025/12/07/professor-emeritus-wayne-gray-and-his-former-ph-d-student-rabia-mansoor-win-2025-michael-szenberg-prize/ Mon, 08 Dec 2025 00:25:05 +0000 https://www.clarku.edu/departments/economics/?post_type=story&p=1182 We are pleased to announce that Professor Emeritus Wayne Gray and his former Ph.D. student, Dr. Rabia Mansoor (Deputy Chief at the Pakistan Institute of Development Economics), have won the 2025 Michael Szenberg Prize for the Best Article Published in The American Economist. Professor Gray and Dr. Mansoor published an article entitled “Decomposition Analysis of Racial Income Inequality in the United States” in The American Economist in 2024.

The paper examines racial income inequality in the United States from 2000 to 2019. Using multiple regression analysis, the authors identify the importance of various factors in determining income, followed by a Blinder–Oaxaca decomposition to assess the extent to which those factors contribute to racial income gaps. Their findings highlight the need for multifaceted policies that address the underlying differences across racial groups.

The award is given in honor of Professor Michael Szenberg, who edited the journal for 38 years. Professor Gray and Dr. Mansoor will be recognized during the 2026 Allied Social Science Associations (ASSA) meetings in Philadelphia in January 2026.

Congratulations, Professor Gray and Dr. Mansoor!

Reference
Mansoor, R., & Gray, W. B. (2024). Decomposition Analysis of Racial Income Inequality in the United States. The American Economist, 70(1), 3–26. https://doi.org/10.1177/05694345241256631 (Original work published 2025)

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Economics Department Seminar featured Nathan Franz (UT Austin) https://www.clarku.edu/departments/economics/2025/12/07/economics-department-seminar-featured-nathan-franz-ut-austin/ Mon, 08 Dec 2025 00:24:54 +0000 https://www.clarku.edu/departments/economics/?post_type=story&p=1188 On 11/6/2025, the Economics Department Seminar featured Nathan Franz (UT Austin). Nathan discussed his JMP on the newborn mortality advantage at public versus private hospitals in India. Thank you, Nathan, for visiting us and for the terrific talk!

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Economics Department Seminar features Monica Agarwal (Northwestern) https://www.clarku.edu/departments/economics/2025/11/02/economics-department-seminar-featured-monica-agarwal-northwestern/ Sun, 02 Nov 2025 20:34:41 +0000 https://www.clarku.edu/departments/economics/?post_type=story&p=1169 On 10/30/2025, the Economics Department Seminar featured Monica Agarwal (Northwestern University). Monica discussed the impacts of affirmative action in early education in India. Using detailed administrative data combined with the author-conducted survey, she showed that affirmative action has a positive impact on test scores. Thank you, Monica, for visiting us and for the terrific talk!

Monica presenting in the seminar
Monica presenting in the department seminar
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Abhishek Mallick won the Best Poster Prize 2025 https://www.clarku.edu/departments/economics/2025/10/27/abhishek-mallick-won-the-best-poster-prize-2025/ Mon, 27 Oct 2025 20:11:15 +0000 https://www.clarku.edu/departments/economics/?post_type=story&p=1164 On September 25, the Department hosted the annual Graduate Poster Session, where fourth-year Ph.D. students presented their ongoing research. After the faculty cast their votes, Abhishek Mallick was selected as this year’s winner of the Best Poster Prize. Abhishek is working on international trade, and he presented a paper, “Rebate or Subsidy?: General Equilibrium Analysis of Semiconductor Tariff and Controls with Krugman–EK Model.” In this work, he developed a quantitative trade model with firms and studied how different trade and industrial policies shape the number of firms and aggregate prices. Congratulations, Abhishek!

Abhishek Mallick won the Best Poster Prize 2025

Abhishek Mallick won the Best Poster Prize 2025 

Poster of Abhishek Mallick
Poster of Abhishek Mallick
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Economics Department Seminar features Balázs Zélity (Wesleyan University) https://www.clarku.edu/departments/economics/2025/10/27/economics-department-seminar-features-balazs-zelity-wesleyan-university/ Mon, 27 Oct 2025 19:41:47 +0000 https://www.clarku.edu/departments/economics/?post_type=story&p=1154 On Onctober 16, 2025, the Economics Department Seminar features Balázs Zélity, an Assistant Professor of Economics at Wesleyan University.  Balázs discusses the causal impacts of demographic change on international capital flows. Thank you so much, Balázs, for visiting us and for the terfific talk!

Balázs presenting at the seminar
Balázs presenting at the Economics seminar.
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Economics Department Seminar kicked off with our new colleague, Mehedi Hasan Oni https://www.clarku.edu/departments/economics/2025/10/12/economics-department-seminar-series-kicked-off-with-new-colleague-mehedi-hasan-oni/ Sun, 12 Oct 2025 15:35:33 +0000 https://www.clarku.edu/departments/economics/?post_type=story&p=1139 We kicked off this academic year’s Economics Department Seminar, featuring our new colleague, Mehedi Hasan Oni. He discussed the distributional implications of the energy price shock by developing and quantifying the heterogeneous-agent incomplete market model. Welcome, Oni, to Clark!

oni presenting a paper
oni presenting a paper
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Saleem Shah named 2025 ASHEcon Diversity Scholar https://www.clarku.edu/departments/economics/2025/05/28/saleem-shah-named-2025-ashecon-diversity-scholar/ Wed, 28 May 2025 21:53:22 +0000 https://www.clarku.edu/departments/economics/?post_type=story&p=1113 Rising fifth-year PhD candidate, Saleem Shah, has been named a 2025 Diversity Scholar by the American Society for Health Economics (ASHEcon). The award is given to individuals who have overcome substantial obstacles and have bright futures in health economics. It will allow Saleem to attend the ASHEcon 2025 Annual Meeting in Nashville, where he will network with the other recipients, the organization’s board, and its diversity committee. Congratulations to Saleem!

saleem won diversity scholar award

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Zeyi Qian and Saleem Shah won the Best Graduate Poster Awards 2024 https://www.clarku.edu/departments/economics/2024/10/31/zeyi-qian-and-saleem-shah-won-the-best-graduate-poster-awards-2024/ Thu, 31 Oct 2024 20:16:28 +0000 https://www.clarku.edu/departments/economics/?post_type=story&p=1015 The Department of Economics hosted the annual graduate poster session on September 26, where six of our fourth-year Ph.D. students showcased their ongoing research projects. Faculty members cast their votes, and the Department is pleased to announce the recipients of this year’s Best Graduate Poster Award: Zeyi Qian and Saleem Shah, fourth-year Ph.D. students of Economics. Congratulations to both!

Zeyi Qian: Trade and Spatial Distribution of Firms: Quantitative Analysis of Chinese Manufacturing

Saleem Shah: Immunity Through Ages: The Surprising Role of Variolation in Shaping Use of Modern Vaccines 

Zeyi Qian's poster.
Zeyi Qian studies the determinants of the spatial distribution of economic activities in China with the spatial equilibrium model.
Saleem Saha's poster.
Saleem Shah studies the impact of Variolation on the use of modern vaccines in African countries.
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Economics students, alumni weigh in about Professor Wayne Gray https://www.clarku.edu/departments/economics/2023/11/14/economics-students-alumni-weigh-in-about-professor-wayne-gray/ https://www.clarku.edu/departments/economics/2023/11/14/economics-students-alumni-weigh-in-about-professor-wayne-gray/#respond Tue, 14 Nov 2023 22:36:37 +0000 https://www.clarku.edu/departments/economics/?p=949 We asked current and former students about longtime Economics Professor Wayne Gray, who plans to retire in spring 2025. Below are excerpts of their comments.

“The thing that sets Professor Gray apart is his unwavering commitment to ensuring that his students learn. And so that makes him thoughtful. It makes him concerned about what bothers us and propels him to find unique solutions. He doesn’t just care about the output, but the process. I think that’s amazing.

“Professor Gray is such a fun person to have as an instructor. He likes to joke and say that he’s been at Clark forever, and honestly, I think we’re all better off for it. He makes this community a better place.”

— Dawn Chinagorom-Abiakalam ’24, double major in economics and mathematics


“I feel a great sense of gratitude for all that Dr. Gray taught me during my undergraduate career at Clark. His emphasis on critical thinking and always digging for the ‘why’ are things that will stick with me forever. Dr. Gray is one of the rare professors who is able to couple his vast industry knowledge with an unmistakable gift for teaching. Without ever overcomplicating things, he would provide the exact level of detail needed to address student questions, despite having the industry expertise to discuss topics ad nauseam. All of these factors in conjunction with his charming teaching style meant that students left his classes with not only a profound respect for him as a teacher, but also a true admiration for him as a person.”

— Zander Donowitz ’22, MBA ’23, an account coordinator at Rokt, a New York-based company focusing on ecommerce technology


“I once I went to his office to talk about the progress I made on my dissertation. We talked about things and he gave me his feedback, and in the end, he said, ‘I want you to take a break for a couple days,’ and then he paused and made sure he had my full attention and said, ‘I don’t want you to get sick.’ He must have observed how exhausted I was physically and mentally. I consider myself very lucky to have him as a professor and to be among the few who can proudly call him my advisor.”

— Michael Endale, Ph.D. ’23, who had Professor Gray as his dissertation advisor and was Gray’s research assistant in 2017


The first thing I like about Dr. Gray as a professor and mentor is that he treats every single student as a true academic and economist. He makes everyone feel as though the work they are doing is important and valuable, which is a notable characteristic of his teaching style. He is a professor who never makes anyone’s thoughts, questions, or concerns seem little or unimportant. He was able to balance discipline and get us to move along with our research while also making sure no one was too anxious or stressed.

“Dr. Gray made sure to always celebrate our accomplishments and acknowledged all the work we put in, which led me to be even more proud of my work in the end.”

— Shorena Giorgadze ’23, who works in finance at a private asset management firm in New York City and was an economics honors student advised by Professor Gray


“Professor Gray has a passion for teaching and is so empathetic; he loves helping students. His classes were so organized that I got all my work done while enjoying it. Professor Gray always got back to all student concerns extremely quickly. Even at midnight or very early in the morning, there were so many moments when I wondered how he could respond very quickly. His passion is evident in this behavior, which further inspired me to choose him as my Ph.D. advisor.”

— Rabia Manzoor, a research assistant for Professor Gray, her dissertation advisor


“Throughout my academic journey, Professor Gray has always provided me with valuable guidance while allowing me to explore my own research path. His expertise and his support have been instrumental in the development of my research interests. Professor Gray always makes time to discuss research ideas, and I have noticed that he is always happy to offer constructive feedback. Professor Gray is not only an exceptional advisor but also a role model. He is a source of inspiration to me.”

— Pavlina Ziso ’24, an economics major who has Professor Gray as her academic advisor and has worked as his research assistant

Fund to support symposium, scholarships

The Professor Wayne Gray Fund will support both an academic symposium at Clark in spring 2025 and undergraduate and graduate economics students’ research.

The symposium will focus on research projects that rely on data from the Boston Research Data Center (BDRC), the first of 33 Federal Statistical Research Data Centers nationwide that provide researchers a secure place to study data from the U.S. Census Bureau and other agencies. The BRDC is a partnership between Census and the National Bureau of Economic Research in Cambridge. Gray has been executive director of the Boston center since its opening in 1993 and affiliated with NBER since 1978.

Give to the Professor Wayne Gray Fund

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Economics Department launches fund to honor retiring Professor Wayne Gray https://clarknow.clarku.edu/2023/11/14/economics-department-launches-fund-to-honor-retiring-professor-wayne-gray/ https://clarknow.clarku.edu/2023/11/14/economics-department-launches-fund-to-honor-retiring-professor-wayne-gray/#respond Tue, 14 Nov 2023 22:29:01 +0000 https://www.clarku.edu/departments/economics/?p=953 https://clarknow.clarku.edu/2023/11/14/economics-department-launches-fund-to-honor-retiring-professor-wayne-gray/feed/ 0