NBER Reporter: 2014 Number 3 Profiles

NBER Profile: Andrew Ang

Andrew Ang is a Research Associate in the NBER's Program on Asset Pricing and the Ann F. Kaplan Professor of Business at Columbia Business School. He has been on the faculty at Columbia University since 1999, when he received his Ph.D. from Stanford Business School. Andrew grew up in Australia, and graduated with an actuarial studies degree from Macquarie University in 1994. He spent just under a year in the real world before starting graduate school, a move which was Pareto-improving for him and industry. He was appointed a Faculty Research Fellow of the NBER in 2001 and a Research Associate in 2006.

Ang's research agenda seeks to characterize the nature of risk and return in asset prices. His work spans bond markets, equities, asset management and portfolio allocation, and alternative investments. He has received a variety of grants from government and industry organizations, such as the NSF, Netspar, Q-Group, and INQUIRE. He has recently finished a book, Asset Management: A Systematic Approach to Factor Investing, published by Oxford University Press in 2014, which is a comprehensive guide showing how factor risk premiums can be harvested in portfolio design and incorporated in various aspects of investment management.

Ang lives in New York City with his wife and two children, ages six and four. He has just experienced a positive shock of more free time after stepping down as the Chair of the Finance and Economics Division, and hopes to devote it to improving his piano playing and doing more research.

Andrew Ang

NBER Profile: Price V. Fishback

Price Fishback is the Thomas R. Brown Professor of Economics at the University of Arizona and a Research Associate in the NBER's Development of the American Economy Program. His co-authored books published by the University of Chicago Press include Well Worth Saving: How the New Deal Safeguarded Homeownership (2013); Government and the American Economy: A New History (2007) and A Prelude to the Welfare State: The Origins of Workers' Com-pensation (2000). He published Soft Coal, Hard Choices: The Economic Welfare of Bituminous Coal Miners, 1890-1930 with Oxford University Press in 1992. His current research includes studies of the boom, bust, and slow recovery in housing and mortgage markets in the 1920s and 1930s, the impact of New Deal programs, the impact of World War II, long run changes in climate and government policy and how they affect agriculture, and the response of state governments to the Great Depression and New Deal. Price is the current Executive Director of the Economic History Association and served as co-editor of The Journal of Economic History from 2008 to 2012. He was one of the organizers of the Cliometrics Conference between 1996 and 2008. The term "cliometrics" was coined in the 1960's and is a quantitative approach to economic history using economics and statistics.

Price V. Fishback

NBER Profile: C. Kirabo Jackson

C. Kirabo Jackson is a Research Associate in the NBER's Program in the Economics of Education, an Associate Professor in the Department of Human Development and Social Policy at Northwestern University, and a Faculty Fellow at the Institute for Policy Research at Northwestern University.

Jackson's research focuses on the economics of education. He has studied topics such as the effect of school spending on students' long-run outcomes, the effect of teachers on students' cognitive and non-cognitive skills, the effect of attending selective schools on student outcomes, and the effect of teachers on the effectiveness of their colleagues.

Jackson received his B.A. in Ethics, Politics and Economics from Yale University in 2002 and his Ph.D. in Economics from Harvard University in 2007. Before joining Northwestern, he was an Assistant Professor in the Department of Labor Economics at Cornell University.

Jackson lives in Chicago, Illinois, with his wife, Shayna Silverstein, and their three-month-old son. In his spare time he enjoys playing tennis, "discovering" new restaurants, cooking, and walking his dog.

C. Kirabo Jackson

NBER Profile: Christopher R. Knittel

Christopher R. Knittel is a Research Associate in the NBER's Environmental and Energy Economics; Industrial Organization; and Productivity, Innovation, and Entrepreneurship Programs. He is also the William Barton Rogers Professor of Energy Economics in the Sloan School of Management at MIT, Director of the Center for Energy and Environmental Policy Research at MIT, and Co-Director of The E2e Project at MIT, the University of California, Berkeley, and the University of Chicago.

Knittel's research focuses on environmental and energy economics, often approaching research questions from an industrial organization perspective. His work is interested in how consumers respond to changes in product attributes, how firms interact in these markets, and what these mean for policy. In addition to his work in environmental and energy economics, he has worked on banking markets.

Knittel is the co-editor of the Journal of Public Economics and sits on the editorial board of the Journal of Energy Markets and the Journal of Transportation Economics and Policy. Chris received his Ph.D. in economics from the University of California, Berkeley, a M.A. in economics from the University of California, Davis, and a B.A. in economics and political science from California State University, Stanislaus. Before joining MIT, Chris held faculty positions at Boston University and the University of California, Davis.

Knittel lives in Lexington, Massachusetts with his wife Allison, son Caiden, and new Brittany puppy, Cael. In his spare time he enjoys golfing, woodworking, hiking, photography, and just about every other hobby known to man.

Christopher R. Knittel
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