John J. Siegfried (born in Allentown, Pennsylvania, on February 23, 1945)[1] is an American economist and Emeritus Professor of Economics at Vanderbilt University.[2] He is one of the world's leading education economists in terms of research output.[3]

Biography

A native of Allentown, Pennsylvania, John J. Siegfried earned a B.Sc. from Rensselaer Polytechnic Institute in economics in 1967, a M.A. in economics from Pennsylvania State University in 1969, and a Ph.D. in economics from the University of Wisconsin–Madison (UW) in 1972.

After obtaining his Ph.D., Siegfried became an assistant professor of economics at Vanderbilt University, with which he remained affiliated throughout his academic career, being promoted to associate professor in 1975, full professor in 1981, chairing the Department of Economics (1980–1986), and being emerited in 2010. Additionally, he also worked intermittently at Vanderbilt University as lecturer in law (1973–1981) and as adjunct professor in management (1979–1987; 1996–1997). Beyond Vanderbilt University, Siegfried has been a visiting professor at Simon Fraser University, the University of Leeds and especially the University of Adelaide. Other professional activities included work with the U.S. Federal Trade Commission, the U.S. President's Council of Economic Advisers, the Committee on Economic Education of the American Economic Association (which he chaired in 1988–1993), presidencies of the Southern Economic Association (1996) and Midwest Economic Association (2000–2001) and of the Society of Economic Educators (2014–15), and directorships on the boards of the National Bureau of Economic Research (1997–2012) and the National Council on Economic Education (1998–present). In terms of editorial work, Siegfried has sat or sits on the editorial boards of the Journal of Sports Economics,[4] Journal of Economic Education,[5] Review of Industrial Organization, Quarterly Review of Economics and Finance, Australian Economic Papers,[6] and Australasian Journal of Economic Education.[7]

Research

John Siegfried's research interests include the economics of higher education, economic education, sports economics, industrial organization, and antitrust economics.[8] In terms of research output, he is among the top 2% of economists registered on IDEAS/RePEc[9] and belongs to the most-cited education economists.[10]

Research on the economics education

The study and improvement of economic education has been a core topic in Siegfried's research. Reviewing the research on teaching economics in (mainly U.S.) colleges written until the late 1970s with Rendigs Fels, he surveys the measurement of inputs and outputs in economics education, the impacts of human capital, the college environment and of alternative teaching methods on economics education, and the long-term effects of economic education on students. Siegfried and Fels conclude that "different students learn economics in different ways" and that thus "the best teaching strategy provides alternative learning methods directed towards the different needs of different student". They find positive impacts for computer-study-management programmes (including frequent testing and adapted assignments) and programmed learning, but are less positive about the use of self-paced instruction and computerized games in economic education, and argue that graduate students are generally as good teachers as regular faculty, but would benefit from teacher training.[11] In a survey of the scant research on male-female differences in economic education produced until 1979, Siegfried finds few differences between genders in terms of learning and understanding of economics at the elementary school level, though gaps appear to develop in high school and persist through the college years without further widening.[12] In the early 1990s, together with other economic educators such as Deirdre McCloskey, Siegfried made the case for reforming economics majors, which they suggested to consist of (i) a strong introductory sequence oriented towards application, (ii) rigorous intermediate theory courses involving economic analysis, (iii) background courses in mathematics and quantitative methods, (iv) at least five electives, and (v) a capstone experience (e.g. a thesis).[13] Moreover, in the late 1990s, Siegfried and Michael Salemi called on universities, among else, to offer economics as part of general education, to revise economics curricula to foster students' proficiency in economics (more particularly, the "Hansen proficiencies") by applying economics in the classroom, and to teach economic faculty teaching methods besides lecturing.[14] More recently, Siegfried, Allen Sanderson and Peter McHenry have criticized the quality of economic impact studies of colleges and universities, arguing that they often overestimate local returns on investment due to inadequate counterfactuals and pointing to the definitions of the "local" area and "new" expenditures, the double-counting of economic impacts, problems with local taxes and the omission of local spillovers through increased human capital as common problems in such studies.[15]

Research in sports economics and other research

In sports economics, Siegfried has applied production theory to professional basketball in the U.S. (with Cliff Huang and Thomas Zak),[16] studied the demand for minor league baseball (with Jeff Eisenberg),[17] the economics of sports facilities and their communities (with Andrew Zimbalist),[18] and the concerns for competitive balance in sports in general and in baseball in particular (with Allen R. Sanderson).[19] Other studies, in particular in industrial organization, concern topics such as corporate taxation,[20] corporate lobbying,[21] and patterns of firm exit and entry; in the last, co-authored with Laurie Beth Evans, Siegfried finds that firm exits accelerate face to lower profits and a lower capital-intensity while entry is more frequent in profitable, high-growth industries with low requirements in terms of investment capital, with both firm exit and entry being highly correlated (possibly) due to displacement and vacuum effects.[22]

Bibliography

References

  1. ↑ Curriculum vitae of John J. Siegfried (status: December 2016) from the website of Vanderbilt University. Retrieved January 19, 2019.
  2. ↑ Profile of John J. Siegfried on the website of Vanderbilt University. Retrieved January 19, 2019.
  3. ↑ John J. Siegfried is ranked among the top 1% of education economists registered on IDEAS/RePEc. Retrieved January 19, 2019.
  4. ↑ Editorial Board of the Journal of Sports Economics. Retrieved January 19, 2019.
  5. ↑ Editorial Board of the Journal of Economic Education. Retrieved January 19, 2019.
  6. ↑ Editorial Board of the Australian Economic Papers. Retrieved January 19, 2019.
  7. ↑ Editorial Board of the Australasian Journal of Economic Education. Retrieved January 19, 2019.
  8. ↑ Academic profile of John Siegfried on the website of Vanderbilt University. Retrieved January 19, 2019.
  9. ↑ John Siegfried ranks 874th in terms of research output out of 54912 economists registered on IDEAS/RePEc. Retrieved January 19, 2019.
  10. ↑ Ranking of education economists on IDEAS/RePEc. Retrieved January 19, 2019.
  11. ↑ Siegfried, J.J., Fels, R. (1979). Research on teaching college economics: A survey. Journal of Economic Literature, 17(3), pp. 923-969.
  12. ↑ Siegfried, J.J. (1979). Male-female differences in economic education: A survey. Journal of Economic Education, 10(2), pp. 1-11.
  13. ↑ Siegfried, J.J. et al. (1991). The status and prospects of the economics major. Journal of Economic Education, 22(3), pp. 197-224.
  14. ↑ Salemi, M.K., Siegfried, J.J. (1999). The state of economic education. Papers and Proceedings of the American Economic Association', 89(2), pp. 355-361.
  15. ↑ Siegfried, J.J., Sanderson, A.R., McHenry, P. (2007). The economic impact of colleges and universities. Economics of Education Review, 26(5), pp. 546-558.
  16. ↑ Zak, T.A., Huang, C.J., Siegfried, J.J. (1979). Production efficiency: the case of professional basketball. Journal of Business, 52(3), pp. 379-392.
  17. ↑ Siegfried, J.J., Eisenberg, J.D. (1980). The demand for minor league baseball. Atlantic Economic Journal, 8(2), pp. 59-69.
  18. ↑ Siegfried, J.J., Zimbalist, A. (2000). The economics of sports facilities and their communities. Journal of Economic Perspectives, 14(3), pp. 95-114.
  19. ↑ Sanderson, A.R., Siegfried, J.J. (2003). Thinking about competitive balance. Journal of Sports Economics, 4(4), pp. 255-279.
  20. ↑ Siegfried, J.J. (1974). Effective average US corporation income tax rates. National Tax Journal, 27(2), pp. 245-259.
  21. ↑ Salamon, K.M., Siegfried, J.J. (1977). Economic power and political influence: The impact of industry structure on public policy. American Political Science Review, 71(3), pp. 1026-1043.
  22. ↑ Siegfried, J.J., Evans, L.B. (1994). Empirical studies of entry and exit: a survey of the evidence. Review of Industrial Organization, 9(2), pp. 121-155.
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