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Melvin Stephens
Raymond John Wean Foundation Career Development Assistant Professor of Economics
Tenure Track
Voice: n/a
Email: mstep@cmu.edu
Personal Website
Biography
Professor Stephens is a Faculty Research Fellow at the National Bureau of Economic Research. Prior to coming to the Heinz School, he spent two years as a Post-Doctoral Research Fellow at the University of Michigan's Population Studies Center.
Professor Stephens is a labor economist whose research involves displaced workers, household consumption decisions, and aging and retirement. His research on displaced workers has examined how households cope with a job loss through increases in spousal labor supply, changes in consumption expenditures, and marital dissolution. His current research examines labor supply behavior, retirement choices, and how the timing of income receipt affects consumption decisions.
Publications
"The Impact of Separate Taxation on the Intra-Household Allocation of Assets: Evidence from the UK," Journal of Public Economics, August 2004, vol.88, n.9-10, p.1989-2007 (with Jennifer Ward-Batts)
"Job Displacement, Disability, and Divorce," Journal of Labor Economics, April 2004, vol.22, n.2, p.489-522 (with Kerwin Charles)
"Job Loss Expectations, Realizations, and Household Consumption Behavior," The Review of Economics and Statistics, February 2004, vol.86, n.1, p.253-269
"'3rd of tha Month': Do Social Security Recipients Smooth Consumption Between Checks?" The American Economic Review, March 2003, vol.93, n.1, p.406-422
"Worker Displacement and the Added Worker Effect," Journal of Labor Economics, July 2002, vol.20, n.3, p.504-537
"The Long-Run Consumption Effects of Earnings Shocks," The Review of Economics and Statistics, February 2001, vol.83, n.1, p.28-36
Education
B.A. in Economics and Mathematics from the University of Maryland and his Ph.D. in Economics from the University of Michigan.