Welcome to my website.
I am a Ph.D. candidate at Stanford University in the department of Management Science and Engineering working in macroeconomics and public finance. I am a non-resident research fellow at the North American Research Partnership and economics editor of the Global Water Forum. I graduated form the W. P. Carey School at Arizona State University (Economics & Math), earning the honor of the Spring 2012 Outstanding Graduating Senior for both the Department of Economics and college-wide W. P. Carey School.
Why do some countries grow faster than others? How should governments intervene in the presence of externalities? Although many research topics fascinate me, these two questions characterize the span of my current research in macro-labor and macro-environmental economics.
With regard to the former, I am motivated by the fact that hours worked in many European economies is about 30% less, relative to the U.S., and their labor productivity growth rates are about half, relative to the U.S. In "Work and Grow Rich", I introduce a new formulation of human capital whereby workers become more productive over time through the combination of hours worked and effort on the job. Marginal tax rates affect growth by not only discouraging the accumulation of human capital directly, but also increasing worker-firm contracting costs, which indirectly amplifies the first effect. In "The Performance Pay Premium, Human Capital, and Inequality", I use a theory of on the job learning -- which differs according to whether a worker is in a performance pay or fixed wage job -- to bring new evidence to light on earnings inequality in the U.S. By endogenizing contracts and modeling workers' skill accumulation, I provide a transmission mechanism through which changes in institutions affect firms' demand for labor services, which reinforces the direct effect that taxes or other policies have directly on workers.
With regard to the latter interest in macro-environmental research, I was inspired by Kerry Smith's (ASU) work on nonseparability of environmental quality. In "The Elasticity of Air Quality", I show this is a highly realistic phenomenon and in "The Macroeconomics of Environmental Policy", I show that it is also quantitatively important. I am also collaborating with Conny Olovsson (Senior Economist, Riksbank) and Yongyang Cai (Stanford University) over additional papers in the macro-environmental realm based on the framework I develop in my "Fiscal Interactions, Time Inconsistency, and Externalities in General Equilibrium" paper.
As a Christian, I firmly believe our responsibility is to serve and solve problems to the best of our abilities. I am excited to continue applying my skills in the area of macroeconomic research.
Below, I include my CV.
|Makridis, Christos, CV.pdf||348.01 KB|