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Milken Institute awards its 2002 Distinguished Economic Research prize to eight scholars

Press Release
Milken Institute awards its 2002 Distinguished Economic Research prize to eight scholars

LOS ANGELES - The Milken Institute Award for Distinguished Economic Research is an annual competition that honors outstanding papers focusing on research related to the Institute's areas of study, including Capital Studies, Global Economics, Labor Markets and Human Capital, and Regional and Demographic Studies.

The Institute presents a prize of $2,000 for each of four winning entries.

The 2002 winners are:

o Justin Wolfers, assistant professor of economics at the Graduate School of Business at Stanford University. His paper, "Are Voters Rational? Evidence from Gubernatorial Elections," examines the rationality of voters in connection with their views of current economic conditions. (Category: Regional and Demographic Studies)

o John Bound, a professor in the Department of Economics, and graduate students Jeffrey Groen and Gabor Kezdi, all of the University of Michigan, and Sarah E. Turner, assistant professor of Education and Economics at the University of Virginia. Their paper, "Trade in University Training: Cross-State Variation in the Production and Use of College-Educated Labor," studies the relationship between institutes of higher education and an area's stock of skilled workers. (Category: Labor Markets and Human Capital)

o Jason Cummins of the Federal Reserve Board, Division of Research & Statistics, Washington, D.C., and Giovanni L. Violante of the University of College London, Department of Economics. Their study, "Investment-Specific Technical Change in the U.S. (1947-2000): Measurement & Macroeconomic Consequences," looks at the impact of technology on U.S. economic growth. (Category: Capital Studies)

o Bill Megginson, Professor & Rainbolt Chair in Finance at the Michael F. Price College of Business at the University of Oklahoma. His report, "Towards a Global Market for Venture Capital?" examines whether a truly global market for venture capital and private equity is emerging or whether segmented national markets are likely to endure. (Category: Global Economics)

Questions about the contest? Please contact Roubina Arakelian at (310) 570-4657 or e-mail at [email protected].