PUBLICATIONS
Noisy Identity and Cooperation, Journal of Economic Behavior and Organization, 2023.
When meeting a random stranger, it can be difficult to recognize who is like you (ingroup) and who is not (outgroup). I construct a model to explore how noise in detecting whether the other player is an ingroup or an outgroup impacts overall cooperation in strategic interactions. When the game is repeated, noisy identity can generate welfare gains that are not possible with perfect recognition by encouraging players to cooperate in all periods except the last one, regardless of how they identified the opponent. Importantly, noisy identity can sustain additional cooperation even when the potential cost of doing so is high. This result is largely driven by the level of noise in detecting who is an outgroup, whereas the role in recognizing an ingroup is less prominent.
Are Changes of Major Major Changes? The Roles of Grades, Gender, and Preferences in College Major Switching (with Jamin D. Speer), Economics of Education Review, 2019.
The choice of college major is a key stage in the career search, and over a third of college students switch majors at least once. We provide the first comprehensive analysis of major switching, looking at the patterns of switching in both academic and non-academic dimensions. Low grades signal academic mismatch and predict switching majors - and the lower the grades, the larger the switch in terms of course content. Surprisingly, these switches do not improve students' grades. When students switch majors, they switch to majors that "look like them": females to female-heavy majors, and so on. Lower-ability women flee competitive majors at high rates, while men and higher-ability women are undeterred. Women are far more likely to leave STEM fields for majors that are less competitive - but still somewhat science-intensive - suggesting that leaving STEM may be more about fleeing the "culture" of STEM majors than fleeing science and math.
Press: Washington Post , Marginal Revolution , The Economics Detective.
Advertising for Consideration (with Joaquin Lopez and Aleksandr Yankelevich), Journal of Economic Behavior and Organization, 2019.
We analyze markets where firms competing on price advertise to increase the probability of entering consumers' consideration sets. We find that moderately costly advertising allows firms to raise prices and possibly profits by reducing the fraction of price-conscious consumers, and by segmenting the market according to whether or not consumers consider the lower priced firm. However, when the cost of advertising is sufficiently low, advertising leads to a prisoners' dilemma that adversely impacts profits without affecting expected prices.
An empirical investigation on the transfer of expatriates within MNCs from a knowledge perspective (with Joonhyung Lee), Oxford Bulletin of Economics and Statistics, 2019.
We study the use of expatriates in transferring knowledge within a multinational corporation (MNC). We argue that MNCs use expatriates to allocate knowledge between headquarters and its foreign affiliates. With data from MNCs headquartered in South Korea, we trace unobservable knowledge using observable labour mobility. Our empirical analysis shows that the use of expatriates increases as communication between South Korea and the host country becomes more costly. However, the extent to which the use of expatriates relates with communication costs decreases in the sectoral complexity.
Drop out, switch majors, or persist? The contrasting gender gaps (with Jamin D. Speer) Economics Letters, 2018.
Men and women respond differently to early-college struggles. Men are more likely than women to drop out of college, while women are more likely to switch majors. These effects offset so that there is no gender gap in the probability of graduating in one's initial major choice. For students who begin in STEM majors, however, women are far less likely to graduate in the field, driven by the fact that they are twice as likely to switch majors. We find no evidence that women are more sensitive to poor academic performance in the switching or dropout decisions.
Press: Washington Post
Consumer Search with Asymmetric Price Sampling (with Aleksandr Yankelevich), Economics Letters, 2014.
We explore asymmetries in the way consumers sample prices in a simple sequential search framework. In equilibrium, the price distribution of a firm catering to more local consumers first-order stochastically dominates that of its rival. Prices rise in the degree of asymmetry. (Extended version here)
WORKING PAPERS
Jack- versus Jacqueline-of-all-trades? Self-Employment and Gender Differences in Skill Balance, Non-Cognitive Traits, and Preferences (with Andrew Hussey and Daniel Mangrum)
We compare the characteristics of highly educated, career-oriented female and male business professionals who are self-employed. Using a rich set of variables obtained from a longitudinal survey of individuals considering graduate management studies, we investigate gender differences in the roles of cognitive ability, non-cognitive traits, skill balance, and preferences for work-life balance and work characteristics in determining future self-employment outcomes. We find that the correlates of self-employed women differ from those pertaining to men. While higher non-cognitive traits and skill balance are associated with a higher probability of becoming self-employed for women, preferences over work-life balance and job characteristics are associated with a higher probability of self-employment for men. When analyzing the correlates of earnings by gender and employment status, we find that traditional employment rewards similar traits for both men and women. In contrast, self-employment rewards men and women differently: self-employed women receive an additional premium for their quantitative skills, while men with more balanced non-cognitive skills are rewarded. Interestingly, none of the traits nor the preferences associated with a higher probability of self-employment are associated with higher earnings for self-employed individuals.