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Professor Zvi Eckstein
CURRICULUM VITAE
EDUCATION
1971-1973
1976-1980
Tel-Aviv University
University of Minnesota
Doctoral Dissertation:
Current Positions:
Economics B.A. 1974
Economics Ph.D.1981
Rational Expectations Modeling of Agricultural Supply:
The Egyptian Case.
Since 1989, Associate Professor, Department of
Economics, Tel-Aviv University.
Since 1989, Visiting Professor, Department of
Economics, Boston University
ACADEMIC AND PROFESSIONAL EXPERIENCE
1974-1976
Israel Institute of
Transportation
Planning and Research
Economist
Tel-Aviv University
Department of Economics
T.A.
1976-1977
T.A.
1977-1980
Instructor
& Economic Growth Center
Assistant
Professor
Lecturer
1980-1983
Yale University
1983-1985
Tel Aviv University
£¬°±¨ ©£«£ª £¢²® ¡®«ª
1985-1989
Tel-Aviv University
Senior
Lecturer
1986-1987
Carnegie-Mellon
University
Graduate School of
Business Administration
Visiting
Associate
1987-1988
University of
Pittsburgh
Visiting
Associate
Professor
Professor
ACADEMIC AND PROFESSIONAL AWARDS
1976-78
University of Minnsota
Korda Fellowship
1982
General Service Foundation, Grant to the Economic Growth Center
at Yale University
Research on Dynamics of Supply with applications to India
1982-84
National Science Foundation Grant No.SES-8207594
Research on Dynamic Stochastic Models of
Household Behavior: Theory and Estimation
(with K.I.Wolpin)
1984
David Horowitz Institute for the Research of
Developing Countries, Tel-Aviv University
Yavor Prize for the paper:
"Cotton and Wheat Production in the Egyptian Agriculture:
An Econometric Estimation and Interpretation
1985-87
National Science Foundation Grant No.SES-8502214
Research on Formulation and Estimation of
Dynamic Labor Force Participation and Search Models
£¬°±¨ ©£«£ª £¢²® ¡®«ª
(with K.I.Wolpin)
1985-87
Binational Agricultural Research
Research Subject: "Agricultural Science,
Invention and Productivity: An Analysis of the U.S.
and Israeli Agricultural Research System"
(with Robert Evenson & Ariel Pakes)
1987-89
National Science Foundation Grant No.:SES-8715706
Research on Estimating Equilibrium Search Models
(with K.I.Wolpin)
1988-90
Binational Science Foundation Grant No.: 87-00121/1
Research on Estimating Equilibrium Search and
Matching Models of Labor Markets
(with K.I.Wolpin)
1991-93
Research on Interpreting the Duration to First
Job and Accepted Wages in a Bargaining Model: An
Empirical Investigation of Schooling and Race Differences
(with K.I.Wolpin)
1993-96
Research on Endogenous Schooling and
the Transition to Work
(with K.I.Wolpin)
1997-1999
German-Israeli Foundation for Scientific Research & Development
Grant no. I 0427-084.4
Research on The Integration of Immigrants to the Labor Market:
The German and the Israeli Experience
(with Klaus Zimmermann and Yoram Weiss)
£¬°±¨ ©£«£ª £¢²® ¡®«ª
1997-2000
National Institute of Child Health and Human Development Institute
Grant no: 1 R01 HD34716-01
Immigrants and Their Transition to a New Labor Market
(with Yoram Weiss)
OTHER PROFESSIONAL ACTIVITIES:
Since 1981:
Member of the American Economic Association
Member of the Econometric Society
Since 1997:
Since 1997:
Associate Editor, European Economic Review
Research Fellow, CEPR, Center for Economic Policy
Research
Since 1992:
Provident
Chairman of the Investment Committee and Director of the
Funds of the Mercantil-Discount Bank, Israel.
Since 1995:
Israel.
Director from the Public of the Provident Funds of Analyst,
1988- 1991:
Director,
David Horowitz Institute for Developing Countries,
Tel-Aviv University
1994 - 1995
of the
immigrants and
immigration
Immigration
Chairman of professional committee “For the advancement
employment of engineers and other experts among the
for the utilization of the human capital of the recent
wave”, appointed by Mr. Yair Zaban, The Minister of
Absorption, The State of Israel.
£¬°±¨ ©£«£ª £¢²® ¡®«ª
1993-1998
Director from the Public of Mei-Eden Cooperation, Israel.
.
LIST OF PUBLICATIONS
ARTICLES
Z. Eckstein
"A Rational Expectations Model of Agricultural Supply", Journal of Political Economy,
Vol.92, No.1, February 1984, 1-19.
Z.Eckstein, M.Eichenbaum, D.Peled
"Uncertain Lifetime and the Welfare Enhancing Properties of Annuity Markets and Social
Security," Journal of Public Economics 26, 1985, 303-326.
Z.Eckstein, T.P.Schultz, K.I.Wolpin
Short-run Fluctuations in Fertility and Mortality in Preindustrial Sweden," European
Economic Review, Vol.26, 1984, 295-317.
Z.Eckstein, M.Eichenbaum, D.Peled
"The Distribution of Wealth and Welfare in the Presence of Incomplete Annuity Markets,"
Quarterly Journal of Economics, Vol.100, 1985, 221-243.
Z.Eckstein
"The Dynamics of Agricultural Supply: A Reconsideration," American Journal of
Agricultural Economics, Vol.67, 1985, 204-214.
Z.Eckstein, K.I.Wolpin
"Endogenous Fertility and Optimal Population Size," Journal of Public Economics,
Vol.27, 1985, 93-106.
Z.Eckstein
"The Dynamics of Cotton Production in Israel 1976-1983: An Econometric Analysis of
Data from Individual Growers," Economic Quarterly 33, 1987 (Hebrew).
Z.Eckstein, S.Stern, K.I.Wolpin
£¬°±¨ ©£«£ª £¢²® ¡®«ª
"Fertility Choice, Land and the Malthusian Hypothesis," International Economic Review,
Vol.29, 1988, 353-361.
A.Drazen and Z.Eckstein
"On the Organization of Rural Markets and the Process of Economic Development,"
American Economic Review, Vol.78, 1988, 431-443.
Z.Eckstein, Y.Weiss, A.Fleising
"University Policies under Varying Market Conditions: The Training of Electrical
Engineers," Economics of Education Review, Vol.7, No.21, 1988, 393-403.
Z.Eckstein and K.I.Wolpin
"Dynamic Labor Force Participation of Married Women and Endogenous Work
Experience, Review of Economic Studies, Vol.56, 1989, 375-590.
"The Specification and Estimation of Dynamic Stochastic Discrete Choice Models: A
Survey," Journal of Human Resources, Vol.24, 1989, 562-598.
"Estimating a Market Equilibrium Search Model from Panel Data on Individuals,"
Econometrica, Vol.58, 1990, 783-808.
B.Bental and Z.Eckstein
"The Dynamics of Inflation with Constant Deficit under Expected Regime Change,"
Economic Journal, Vol.100, 1990, 1245-1260.
Z.Eckstein and L.Leiderman
"Seigniorage and the Welfare cost of Inflation: Evidence from an Intertemporal Model of
Money and Consumption," Journal of Monetary Economics,(29) 1992, 389-410.
Z. Eckstein and I. Zilcha
"The Effect of Compulsory Schooling on Growth, Income Distribution and welfare" ,
Journal of Public Economics, (54) 1994, 339-359.
Z.Eckstein, D.Zackai , Y.Nachtom and G. Fishelson
"The Allocation of Water Sources between Israel, the West Bank and Gaza: An Economic
Analysis", Economic Quarterly, 41, 1994, 331-369 (Hebrew).
£¬°±¨ ©£«£ª £¢²® ¡®«ª
Z.Eckstein and K. Wolpin
"Duration to First Job and the Return to Schooling: Estimates from a Search-Matching
Model" , Review of Economic Studies, 1995, 62, 263-286.
Z.Eckstein, C. Folulidas and T.Kollintzas
"On the Many Kinds of Growth: A Note", International Economic Review, 1996, 37,
487-496.
Z. Eckstein and M. Gotlibovski
“Employment Vouchers as Subsidies for the Absorption of Highly Educated Immigrants in
Academic Jobs”, The Economic Quarterly, 43, 1996, 454-481 (in Hebrew).
Eaton and Z. Eckstein
“Cities and G: Theory and Evidence from France and Japan”, Regional Science and Urban
Economics, 1997, 27, 443-474.
B.Bental and Zvi Eckstein
“On the Fit of a Neoclassical Monetary Model in High Inflation: Israel 1972-1990”.
Journal of Money Credit and Banking, 1998, 29, 725-752.
Z. Eckstein and M. Perlman
“Competition and Privatization of Land in Israel”, The Economic Quarterly, 44, 1998,
574-605 (in Hebrew).
S.R. Aiyagari, T. Braun and Z. Eckstein
"Transaction Services, Inflation and Welfare", Journal of Political Economy,
(forthcoming) 1998.
Z. Eckstein, M. Pedro and K.I. Wolpin
“A Quantitative Analysis of Swedish Fertility Dynamics: 1751-1990”, Review of
Economic Dynamics, (forthcoming), 1999.
Z.Eckstein and K.I. Wolpin
"Estimating the Effect of Labor Market Discrimination on First Job Wage Offers", Review
of Economics and Statistics, (forthcoming) 1999.
£¬°±¨ ©£«£ª £¢²® ¡®«ª
CHAPTERS IN BOOKS:
Z.Eckstein, and M.S.Eichenbaum
"Oil Supply Disruptions and the Optimal Tariff in a Dynamic Stochastic Equilibrium
Model," in Thomas J.Sargent (ed.), Energy Foresight and Resources for the Future
Strategy, Resources for the Future, Inc., Washington DC, 1985, 41-69.
Z.Eckstein, M.S.Eichenbaum
"Inventories and the Quantity Constrained Equilibrium in a Regulated Market: The U.S.
Petroleum Industry 1947-1972," in Thomas J.Sargent (ed.), Energy Foresight and
Strategy, Resources for the Future, Inc., Washington DC, 1985, 70-100.
B.Bental, Z.Eckstein and D.Peled
"Banks Instability and Government Intervention in the National and International Capital
Market," Proceedings of the Third Symposium on Money, Banking and Insurance,
H.Goppl and R.Henn (eds.), Karlsruhe 1986, 561-569.
B.Bental and Z.Eckstein
"Inflation, Deficit and Seignorage with Expected Stabilization," in Economic Effects of the
Government Budget, E.Helpman, E.Sadka and A.Razin (eds.), The MIT Press, 1988,
238-253.
Z.Eckstein, S.Stern and K.I.Wolpin
"On the Malthusian Hypothesis and the Dynamics of Population and Income in an
Equilibrium Growth Model with Endogenous Fertility," in Klaus F.Zimmermann (ed.),
Economic Theory of Optimal Population (Springer-Verlag, Berlin, Heidelberg, 1988),
105-115.
S.R.Aiyagari, Z.Eckstein and M.Eichenbaum
"Inventories and Price Fluctuations under Perfect Competition and Monopoly," in
T.Kollintzas (ed.), The Rational Expectations Equilibrium Inventory Model: Theory and
Applications, Springer-Verlag, New York, 1989, 34-71.
"On the Estimation of Labor Force Participation, Job Search and Job Matching Models
Using Panel Data," in Advances of Theory and Measurement of Unemployment, Y.Weiss
and G.Fishelson, (eds.), Macmillan Press: London, 1989, 209-213.
£¬°±¨ ©£«£ª £¢²® ¡®«ª
"Competitive Banking with fractional Reserves and Regulations", in Aspects of Central
Bank Policy Making, Z. Eckstein , (ed.), Springer-Verlag: Heidelberg, 1991.
R.Aiyagari and Z.Eckstein
"Interpreting Monetary Stabilization in a Growth Model with Credit Goods Production",
in Financial Factors in Stabilization and Growth, M. Blecher, Z.Eckstein, z. Hercowitz
and L.Leiderman (eds.), Cambridge University Press (1996).
EDITING AND REVIEWS
Z.Eckstein
Book Review on "Free Banking in Britain: Theory, Experience and Debate, 1800-1845,"
by Lawrence H.White, Cambridge University Press, 1984, Journal of Money, Credit and
Banking 27, 1985, 412-414.
Z. Eckstein
Book review on "Household and Economy: Welfare Economics of Endogenous Fertility,"
by M.Nerlove, A.Razin and E.Sadka, Boston: Academic Press Inc., 1987, Journal of
Development Economics, 1989, 209-213.
Zvi Eckstein (Editor)
Aspects of Central Bank Policy Making, Springer-Verlag: Heidelberg, 1991.
M. Blecher, Z.Eckstein, Z. Hercowitz and L.Leiderman (editors)
Financial Factors in Stabilization and Growth, Cambridge University Press, 1996.
Zvi Eckstein
Book review on : “High Inflation” by Daniel Heymann and Axel Leijonhufvud, Oxford
University Press, 1996. Journal of Economic Literature,Vol.XXXIV, June 1996, 137-139.
DISCUSSION PAPERS
"Competitive Banking with Confidence Crisis and International Borrowing," 1987.
£¬°±¨ ©£«£ª £¢²® ¡®«ª
Z.Eckstein and R.Shachar
"Correcting for Errors in Retrospective Panel Data", 1995.
Z.Eckstein and Roni Shachar
"On the Transition to Work of New Immigrants: Israel 1990-1992", 1995.
A. J. Bowlus and Z. Eckstein
“Discrimination and Skill differences in an Equilibrium Search Model”, August 1997.
Z. Eckstein and K.I. Wolpin
“Youth Employment and Academic Performance in High School. (Under revision for
Econometrica). 1997.
Z. Eckstein and Y. Weiss
“The Absorption of Highly Skilled Immigrants: Israel 1990-95”. January, 1998.
£¬°±¨ ©£«£ª £¢²® ¡®«ª
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TSLS // Dependent Variable is LPT_GT
Date: 02/25/97 Time: 11:50
Sample(adjusted): 1975:3 1995:4
Included observations: 82 after adjusting endpoints
Convergence achieved after 4 iterations
Instrument list: LN_H(-1) LN_R DLN_R
Variable
Coefficient
Std. Error
t-Statistic
Prob.
C
LN_H
LN_R
DLN_R
AR(1)
0.193973
-3.566574
-3.736947
3.007443
0.921225
0.073683
1.118403
1.170586
1.088105
0.034991
2.632542
-3.188989
-3.192372
2.763927
26.32747
0.0102
0.0021
0.0020
0.0071
0.0000
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
F-statistic
Prob(F-statistic)
0.89931
0.894082
0.039274
0.118767
172.200
0.000000
Mean dependent var
S.D. dependent var
Akaike info criterion
Schwarz criterion
Durbin-Watson stat
0.000497
0.120675
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-6.268607
1.511479
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Gatzlaff and Ling, “Measuring Changes in Local House Prices: an Empirical Investigation of Alternative
Methodologies”, J. of U. Economic, 35. 221-244 (1994).
Goodman, “Hedonic Prices, Price Indices and Housing Markets”, J. of U. Economic, 5. 471-484 (1978).
Berndt, (1991), “The Measurement of Quality Change: Constructing an Hedonic Price Index for Computers
Using Multiple Regression Methods”, in “The Practice of Econometrics: Classic and Contemporary”.
Berndt and Griliches, (1990), “Price Indexes for Microcomputers: an Explanatory Study”, in “Price
Measurements and Their Uses”, The University of Chicago Press.
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