Caroline Hoxby
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Caroline Minter Hoxby is a labor and public economist whose research focuses on issues in education and local public economics. Currently, she is the Scott and Donya Bommer Professor in Economics at Stanford[1] and director of the Economics of Education Program for the National Bureau of Economic Research. She is also a Senior Fellow of the Hoover Institution and the Stanford Institute for Economic Policy Research.
[edit] Education, Family Life, and Professional Appointments
From 1994 to 2007, she was a faculty member of Harvard University where she was one of only 24 Harvard College Professors[2] and was the Allie S. Freed Professor of Economics. In 2006, she won the Phi Beta Kappa Teaching Prize.[3]
A native of Shaker Heights, Ohio, where she attended Shaker Heights High School, Hoxby is a Summa Cum Laude and Phi Beta Kappa graduate of Harvard College, where she won a Hoopes Prize. She attended Oxford on a Rhodes Scholarship. In 1994, she received her PhD from MIT.
She is married to Blair Hoxby, also a Rhodes Scholar. He is an Associate Professor of English at Stanford University who writes on John Milton and Renaissance theater.
[edit] Research
Hoxby conducts research on all aspects of education including college choice, the effects of financial aid, the outcomes of graduates from different colleges, college tuition policy, public school finance, school choice, the effect of education on economic growth and income inequality, teacher pay and teacher quality, peer effects, and class size. She also works on topics that fit under the headings of public finance (property taxes, government finance), labor economics (earnings, returns to skills), and quantitative methods.
Hoxby's research has received much recognition including a Carnegie Fellowship, a Sloan Fellowship, a John M. Olin Fellowship, a National Tax Association Award, and Global Leader of Tomorrow from the World Economic Forum. She is the recipient of the 2006 Thomas J. Fordham Prize for Distinguished Scholarship. She has received grants from the National Science Foundation, the Institute for Education Sciences, and the National Institute of Child Health and Development.
Her well known work includes The Economics of School Choice (University of Chicago Press, 2003), College Choices: The Economics of Where to Go, When to Go, and How to Pay for It (University of Chicago Press, 2004), "How Teachers' Unions Affect Education Production" (Quarterly Journal of Economics, 1996), "The Effects of Class Size on Student Achievement" (Quarterly Journal of Economics, 1999), "Does Competition among Public Schools Benefit Students and Taxpayers?" (American Economic Review, 2000), "Not All School Finance Equalizations Are Created Equal" (Quarterly Journal of Economics, 2001), "Pulled Away or Pushed Out? Explaining the Decline of Teacher Aptitude in the United States" (American Economic Review, 2004), and "Political Jurisdictions in Heterogeneous Communities" (Journal of Political Economy, 2004).
Hoxby's 2005 paper, "A Revealed Preference Ranking of U.S. Colleges and Universities," ranked American colleges based on students' revealed preferences. As of February 25, 2007, it is the sixth most downloaded paper from the Social Science Research Network.[4]
