• Recent Bard economics alums (Juan Bages, Stergios Mentesidis, Ahnaf Khan and Nicolai Eddy) sharing their experiences with current students at a career advising panel organized by alumni and the Career Development Office at Morningstar, World Trade Center, NYC  Sept 2017
  • Simon Simoski '17 presenting his research on household-debt driven growth.  In the fall, he will join the Masters program at the Levy Institute at Bard.
  • Professors Mike Martell, Ani Mitra and Sanjay DeSilva at the annual picnic - May 2017
  • Prof. Pavlina Tcherneva with students at the annual program picnic - May 2017
  • Prof. Olivier Giovannoni, Nathan Reece and Arielle Weiner-Bronner discussing their research poster at the Bard Summer Research Institute 2014.
  • Eva-Marie Quinones '17 (joint economics and global and international studies major) presenting her research on economic factors that enabled the spread of far-right political parties in Western Europe. She will proceed to the Ph.D. program in political science at Yale this fall.
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Program Events


Upcoming Events

Socioeconomic Integration of U.S. Immigrant Groups over the Long Term: The Second Generation and Beyond.

Tuesday, October 2, 2018

Stephen J. Trejo, Department of Economics, University of Texas at Austin

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The “global” labor market: How real is it, and how should governments respond?

Tuesday, November 13, 2018

Aashish Mehta 
Associate Professor Global Studies
UC-Santa Barbara

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Archive of Past Events



Sunday, June 17, 2018 – Saturday, June 23, 2018

The Hyman P. Minsky Summer Seminar

The Levy Economics Institute of Bard College is pleased to announce the ninth Minsky Summer Seminar will be held from June 17–23, 2018. The Seminar will provide a rigorous discussion of both the theoretical and applied aspects of Minsky’s economics, with an examination of meaningful prescriptive policies relevant to the current economic and financial outlook. It will also provide an introduction to Wynne Godley’s stock-flow consistent modeling methods via hands-on workshops. Blithewood, Levy Institute 

Thursday, May 3, 2018

Do Workfare Programs Promote Climate Resilience and Food Security? Evidence from Indian Agriculture

Vis Taraz, Assistant Professor of Economics, Smith College
India’s National Rural Employment Guarantee Act (NREGA), the world’s largest public works program, has been demonstrated to have beneficial impacts on a wide range of outcomes, but its effects on agricultural productivity have been relatively understudied (Sukhtankar 2016a). We test whether NREGA affects agricultural yields, both in terms of average yields and also in terms of the sensitivity of yields to weather shocks. Our empirical strategy exploits the staggered rollout of NREGA and random fluctuations in weather. Using a nationwide dataset, we find that NREGA does not affect the average level of yields, but it does make yields more sensitive to adverse weather shocks. We find evidence that this may be occurring via the channels of wages and labor supply, because the effects we observe are most pronounced for crops that are more labor intensive. Our results suggest that the household-level consumption-smoothing benefits of NREGA must be balanced against challenges to national food security that India faces, particularly in the face of climate change. Hence, implementing complementary programs such as investing in improved seed varieties, expanding extension services, and promoting farm mechanization is critical.
Campus Center 2nd floor Yellow Room 

Tuesday, April 17, 2018 – Wednesday, April 18, 2018

27th Annual Hyman P. Minsky Conference

Financial Stability in a World of Rising Rates and the Repeal of Dodd-Frank Blithewood, Levy Institute 

Friday, April 6, 2018

Capitalist Pasts, Post-Capitalist Futures 

Inaugural Conference, History of Capitalism at Bard  Speakers include:
Kevin Duong (Bard)
David Kettler (Bard)
Zak Rawle (Bard)
Jane Glaubman (Cornell)
Joseph Sheehan (Bard)
Simon deBevoise (Bard)
Zeke Perkins (SEIU)
Ed Quish (Cornell)
Maggie Dickinson (CUNY)
Joy Al-Nemri (Bard)
Ella McLeod (Bard)
Laura Ford (Bard)
Holger Droessler (Bard)
  Reem-Kayden Center Laszlo Z. Bito '60 Auditorium 

Thursday, March 1, 2018

Job Displacement, Family Dynamics, and Spousal Labor Supply

Andrea Weber
CEU-Bard Advanced Certificate Program in Inequality Analysis
We study interdependencies in spousal labor supply and provide new empirical evidence on the added worker effect, the change in labor supply in response to an income shock to the spouse. Our focus is married couples in which the husband loses his job due to a mass layoff or plant closure, using data from the Austrian Social Security Database. Couples in our sample are relatively young and the shock hits households at crucial stages of family formation. The high volatility in wives' predisplacement labor market careers requires a careful choice of a control group to model the counterfactual outcome at the household level. We examine three quasi-experimental counterfactual scenarios that are potentially affected by different types of selection on unobservables. Our analysis shows that husbands' and wives' labor market responses are remarkably consistent across all three scenarios and leads to four main conclusions. First, while husbands suffer large and persistent employment and earnings losses over the first five years after displacement, wives' labor supply increases only moderately, but persistently. Second, wives respond predominantly at the extensive margin. The implied participation elasticity with respect to the husband's earnings shock is very small, about 0.05 in the full sample and 0.08 in the sample of wives not employed at displacement. Third, in terms of nonlabor market-related outcomes we find a small positive effect on the probability of divorce but no effect of the husband's job displacement on fertility. Fourth, the effect of wives' labor supply responses on household income is negligible compared to the effects of unemployment insurance, which dampens especially the large initial earnings shock from job displacement. A plausible explanation for the very limited spousal labor response is gender identity norms, which prevent mothers of young children to enter the labor force.
Campus Center Yellow Room