2007-8 awards and honors.

A number of NBER researchers received honors, prizes, awards, and professional kudos during 2007 and early 2008. In alphabetical order, those so honored (excluding honors by the individual's own university) are:

Alberto Abadie was awarded the 2007 Gosnell Prize by the Society of Political Methodology for "the best work in methods presented at any political science conference during the preceding year" for his paper, "Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California's Tobacco Control Program,' with Alexis Diamond and Jens Hainmueller.

John M. Abowd was elected a Fellow of the Society of Labor Economists in 2007.

Katharine Abraham became a Fellow of the Society of Labor economists.

Daron Acemoglu received an honorary doctorate from the University of Utrecht, Netherlands.

Yacine Ait-Sahalia was awarded a Guggenheim Fellowship for 2008-9 for his work on jump and volatility. He also was elected a Fellow of the American Statistical Association.

Heitor Almeida, Murillo Campello, and Crocker Liu won the Goldman Sachs Prize for the best paper published in the Review of Finance in 2007 for "The Financial Accelerator: Evidence from International Housing Markets."

Lee J. Alston gave his Presidential Address to the International Society for the New Institutional Economics in Reykjavik, Iceland in June 2007.

Orley Ashenfelter is a Distinguished Fellow of the American Economic Association.

Susan Athey received the American Economic Association's John Bates Clark Medal in 2007.

David Autor was awarded the 2008 Sherwin Rosen Prize by the Society of Labor Economists "In recognition of outstanding contributions to the field of labor economics." He also was selected by the American Economic Association to become Editor-in-Chief of the Journal of Economic Perspectives.

Laurence Baker will receive the American Society of Health Economists (ASHE) Medal at their meeting in June 2008. The ASHE Medal is awarded biennially "to the economist age 40 or under who has made the most significant contributions to the field of health economics."

Katherine Baicker was named to the Editorial Board of Health Affairs; she also was named a Commissioner of the Robert Wood Johnson Commission to Build a Healthier America, and was appointed to the Institute of Medicine's Committee on the Effects of Lacking Health Insurance Coverage.

Lucian Bebchuk was elected President of the American Law and Economics Association.

Roland Benabou delivered the Joseph Schumpeter lecture at the meetings of the European Economic Association in Budapest, August 2007.

Jonathan Berk's paper, "A Critique of Size Related Anomalies," was selected as one of 100 seminal papers published in Oxford University Press's 100-year history.

David G. Blanchflower was awarded an honorory Doctor of Letters from his alma mater, the University of Leicester, in the UK.

Nick Bloom won an Alfred P. Sloan Research Fellowship.

Howard Bodenhorn received a John Simon Guggenheim Fellowship for a project titled "The Political Economy of Reform in Jacksonian New York."

John Y. Campbell delivered the luncheon address to the annual meeting of the Western Finance Association in 2007.

Murillo Campello won the 2007 Goldman Sachs Best Paper Award from the Review of Finance for the article

"The Financial Accelerator: Evidence From International Housing Markets" co-authored with Heitor Almeida and Crocker Liu.

David Card won the Econometric Society's Ragnar Frisch Prize.

Amitabh Chandra and Douglas Staiger won the Arrow award for the best published paper in Health Economics. The paper was "Productivity Spillovers in Healthcare: Evidence from Heart-Attack Treatments" appearing in the February 2007 Journal of Political Economy.

Lauren Cohen won the 2007 Smith Breeden Prize (distinguished paper) in the Journal of Finance for her paper, "Supply and Demand Shifts in the Shorting Market" (with Karl Diether, Ohio State and Christopher Malloy, of HBS); she also won the 2007 Barclays Global Investors Prize from the European Finance Association for Best Paper on Asset Pricing for, "The Small World of Investing: Board Connections and Mutual Fund Returns " (with Andrea Frazzini of Chicago GSB and Christopher Malloy, of HBS) and the 2007 Society of Quantitative Analysts Award from the Western Finance Association for Best Paper in Quantitative Investments for, "Attracting Flows by Attracting Big Clients: Conflicts of Interest and Mutual Fund Portfolio Choice" (with Breno Schmidt from USC).

Maureen Cropper was elected to The National Academy of Sciences in April 2008. The National Academy of Sciences is "a private organization of scientists and engineers dedicated to the furtherance of science and its use for the general welfare. It was established in 1863 by a congressional act of incorporation signed by Abraham Lincoln that calls on the Academy to act as an official adviser to the federal government, upon request, in any matter of science or technology."

David M. Cutler was elected into the American Academy of Arts and Sciences.

Angus Deaton was elected President-Elect of the American Economic Association. His term as President will begin in 2009. He received a Laurea Honoris Causa from the University of Rome, Tor Vergata, in June 2007, and an Honorary D.Sc (Econ.) from University College, London, in September 2007.

Stefano DellaVigna was awarded a Sloan Research Fellowship in February 2008.

Darrell Duffle was elected a Fellow of the American Academy of Arts and Sciences in 2007.

Esther Duflo is the Inaugural holder of the Chair "Knowledge against Poverty" in the College de France, Paris, for 2008/9.

Esther Duflo, Jeffrey Liebman, and Emmanuel Saez (along with Peter Orszag and William Gale) received the 2007 TIAA-CREF Paul A. Samuelson Certificate of Excellence for their paper "Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H&R Block," published in the Quarterly Journal of Economics in November 2006.

William Easterly delivered the D. Gale Johnson Lecture at the University of Chicago and the Zale Lecture at Stanford University.

Sebastian Edwards delivered the Figuerola Lecture at the Universidad Carlos III in Madrid in September 2007; he also delivered the Corden Lecture at the University of Melbourne in October 2007.

Ronald G. Ehrenberg was awarded an Honorary Doctor of Science degree by the State University of New York in May 2008.

Isaac Ehrlich has been selected by the Comptroller of the State of New York to be in charge of developing an independent annual forecast of the state's tax revenue (a job similar to that of the CBO), heading a team of professors from the Center of Human Capital at SUNY Buffalo. The assignment follows a budget reform act enacted by the legislature of the state of New York, empowering the Comptroller to offer an independent and binding forecast in case the Executive and Legislative branches fail to reach a consensus forecast by March 1 of each year. The Center's forecast has had an important impact this year.

Robert C. Feenstra presented the Zeuthen Lectures at the University of Copenhagen in April 2007. Those lectures will be published as an MIT Press book.

Amy Finkelstein received a 2007-9 Alfred P. Sloan Research Fellowship.

Kristin Forbes was selected as a member of the Trilateral Commission in 2007.

Barbara Fraumeni is the incoming Chair of the Committee on the Status of Women in the Economics Profession (CSWEP), a committee of the American Economic Association.

Victor Fuchs gave the 2007 John Eisenberg Legacy Lecture on December 13, 2007. That Lecture honors Dr. John Eisenberg, a renowned internist and health services researcher who directed the Agency for Healthcare Research and Quality (AHRQ) from 1997 to 2002. Also, the American Society of Health Economists (part of the International Health Economics Association) has named a Lifetime Achievement Award after him: the Victor R. Fuchs ASHE Career Award for Lifetime Contributions to the Field of Health Economics. It is to be awarded biennially to an economist who has made significant lifetime contributions to the field of health economics.

Martin Gaynor, Jian Li, and William B. Vogt received the first annual Victor R. Fuchs Research Award from RAND and the Forum for Health Economics and Policy for their paper, "Substitution, Spending Offsets, and Prescription Drug Benefit Design." This $10,000 prize, sponsored by RAND, goes to the authors of the best paper with the potential to spawn new research in an underdeveloped area of health economics or health policy. The winning paper was published in Forum for Health Economics & Policy: Vol. 10: Iss. 2, Article 4.

Matthew Gentzkow and Jesse Shapiro received the 2007 Robert H. Durr Award from the Midwest Political Science Association.

Mark Gertler was awarded a Guggenheim Fellowship for 2007.

Robert Gibbons became a Fellow of the Society of Labor Economists in spring 2008.

Roger Gordon became a Fellow of the American Academy of Arts and Sciences.

Pierre-Olivier Gourinchas was runner up for the 2007 prize for the best French young economist (under 40) awarded by Cercle des Economistes and Le Monde. He won the 2008 Bernacer Prize for the best European economist under 40 working on finance and macroeconomics.

Jeffrey Grogger won the 2007 Outstanding Statistical Application Award from the American Statistical Association for his paper with Greg Ridgeway entitled "Testing for Racial Profiling in Traffic Stops from Behind a Veil of Darkness" (Journal of the American Statistical Association, 101 (475), September 2006, pp. 878-87.)

Reuben Gronau received the Jacob Mincer Award for lifetime contribution to Labor Economics from the Society of Labor Economics.

Gene M. Grossman delivered the Condliffe Memorial Lecture at the University of Canterbury in November 2006 and the Walras-Pareto Lectures at the University of Lausanne in May 2007.

Michael Grossman received the 2008 Victor R. Fuchs Award. This Award for Lifetime Contributions to the Field of Health Economics is presented biennially "to an economist who has made significant lifetime contributions to the field of health economics." He also became President-elect of the American Society of Health Economists in the fall of 2006 and will be President of that organization as of June 26, 2008. Grossman served as President of the Eastern Economic Association from February 2007 through March 2008 and delivered the presidential address at the annual conference of that association in Boston in March 2008.

Michael R. Haines continues as Treasurer of the Social Science History Association (since 2005). Also, Historical Statistics Of The United States, Millennial edition (NY: Cambridge University Press, 2006), in 5 volumes and an electronic edition, won the Thomas Jefferson Prize from the Society for History in the Federal Government. The award was presented in Washington, D.C. in March 2008. Among the editors-in-chief of this publications are several NBER Research Associates: Richard Sutch, Gavin Wright, Alan Olmstead, Michael Haines.

Oliver Hart was the Sukhamoy Chakravarty Memorial Lecturer, Delhi School of Economics, and the (Inaugural) Coase Lecturer at the London School of Economics in 2007.

Igal Hendel and Aviv Nevo were awarded the Compass Prize 2007 (prize for the paper making the most significant contribution to the understanding and implementation of competition policy) for "Measuring the Implications of Sales and Consumer Inventory Behavior."

Robert Inman was appointed a Fellow of the Rockefeller Foundation, Bellagio, Italy for the Fall, 2007.

Panle Jia received the Zellner Thesis Award for Best Dissertation in Business and Economics Statistics from the American Statistical Association in 2007.

Sebnem Kalemli-Ozcan received two European awards: the 2008 Wim Duisenberg Research Fellow (of the European Central Bank, or ECB) for leading economists in academia, central banks, and top research institutions who are recognized international experts in their field; and the Marie Curie Reintegration Award (of the European Commission, or EC) designed to attract top-class researchers from third countries to work and undertake research in Europe.

Edward J. Kane was named the 2008 Midwest Financial Association Distinguished Scholar.

Timothy J. Kehoe was made Doctor Honoris Causa by the Universidad de Vigo in February 2008.

Per Krusell received the Sooderberg Prize in economic sciences. It is given every four years to an economist with a connection to Sweden.

Kevin Lang won Honorable Mention (runner-up) for the best new Professional/ Academic Book in Sociology and Social Work from the Association of American Publishers.

David S. Lee and Adriana Kugler both won the Labor and Employment Relations Association's 2007 John T. Dunlop Scholar Award for "outstanding academic contributions to research by recent entrants to the field."

Ronald Demos Lee became a member of the American Philosophical Society.

Eric M. Leeper has been offered a Professorial Fellowship in Monetary and Financial Economics by the Reserve Bank of New Zealand and Victoria University and will spend fall 2008 in Wellington, NZ.

Jeffrey Liebman, Esther Duflo, Emmanuel Saez (along with Peter Orszag and William Gale) received the 2007 TIAA-CREF Paul A. Samuelson Certificate of Excellence for their paper "Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H&R Block," published in the Quarterly Journal of Economics in November 2006.

Andrew W. Lo won the 2007 Smith-Breeden Distinguished Paper award (with Jiang Wang); the Boston Security Analysts Society Honorary Member award; and the Market Technicians Association Annual Award.

Annamaria Lusardi and Olivia Mitchell won the Fidelity Pyramid Prize, a $50,000 award given to authors of published applied research that best helps address the goal of improving lifelong financial well-being for Americans.

Lisa M. Lynch received the 2007 Susan C. Eaton Scholar-Practitioner award from the Labor and Employment Relations Association.

N. Gregory Mankiw was inducted as a Fellow in the American Academy of Arts and Sciences in 2007.

Robert C. Merton was awarded the honorary degree, Doctor of Science Honoris Causa, by Claremont Graduate University, Claremont California at a ceremony on May 17, 2008.

Olivia S. Mitchell and Annamaria Lusardi won the 2007 Fidelity Pyramid Prize for their paper "Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth" (which appeared in the Journal of Monetary Economics, Volume 54, Issue 1, Pages 205-24 in January 2007.) The prize was given for their work on advancing an understanding of the importance of financial literacy and planning in helping Americans to reach their financial goals. Mitchell also received the 2008 Roger E Murray Prize from the Institute for Quantitative Research in Finance (1st Prize); and the 2008 Carolyn Shaw Bell Award of the Committee on the Status of Women in the Economics Profession.

Randall Morck received an "All Star Paper Award" from The Journal of Financial Economics for cites to his 2000 article with Bernard Yeung and Wayne Yu: "The Information Content of Stock Markets: Why Do Emerging Markets Have Synchronous Stock Price Movements?" It appeared in the Journal of Financial Economics, 58 (1), pp. 215-60.

Dale Mortensen and Finis Welch shared the 2007 Society of Labor Economists' Jacob Mincer prize honoring lifetime achievements in the field of labor.

Stefan Nagel and Jonathan Lewellen won the Fama/DFA prize for the best paper in asset pricing in the Journal of Financial Economics for "The conditional CAPM does not explain asset pricing anomalies."

Derek Neal is President-Elect of the Midwest Economics Association and a new Fellow of the Society of Labor Economists.

Joseph Newhouse was named to the Congressional Budget Office's Board of Health Advisers and to the Comptroller General's Advisory Board.

Ariel Pakes was selected as the Distinguished Fellow of the Industrial Organization Society for 2007.

Stavros Panageas won the 2007 Geewax-Terker Prize in Investment Research for the best paper published in the Rodney White Working Paper Series at Wharton that year. The paper is titled "Optimal Retirement Benefit Guarantees."

Mark Pauly received the National Institute of Health Care Management Foundation's Research Award for "Is Health Insurance Affordable for the Uninsured?" with M. Kate Bundorf (Journal of Health Economics, July 2006), in May 2007; the John M. Eisenberg Excellence in Mentorship Award, Agency for Health Care Research and Quality in June 2007; and the Distinguished Investigator Award, Academy Health, also in June 2007.

Lubos Pastor (and co-author Robert Stambaugh) received the Goldman Sachs Asset Management Award for the best paper in empirical investments presented at the 2007 meetings of the Western Finance Association.

John Pencavel won the Society of Labor Economists' Mincer Award for Lifetime Achievement.

Tomas Philipson received the Garfield Award from Research America for best health economics paper in a given year.

Joshua D. Rauh received the Brattle Prize, First Prize Paper, for the best corporate finance paper published in the Journal of Finance in 2006. The award was announced on January 6, 2007.

Jonah Rockoff received a Smith Richardson Public Policy Fellowship, given annually to three young economists working in public economics and public policy in the United States, in 2007.

Dani Rodrik won the inaugural Albert O. Hirschman award of the Social Science Research Council in 2007, presented for "outstanding contributions to international, interdisciplinary social science research, theory, and public communication, in the tradition of Albert Hirschman."

Harvey S. Rosen won the National Tax Association's Daniel M. Holland Medal for distinguished lifetime contributions to the study and practice of public finance in 2007.

Steve Ross won the Jean-Jacques Laffont Prize, 2007.

Jose A. Scheinkman was awarded a John Simon Guggenheim Memorial Fellowship in 2007. In April 2008 he was elected a member of the National Academy of Sciences.

Anna J. Schwartz was inducted into the American Academy of Arts and Sciences on October 6, 2007.

Fiona M. Scott Morton and coauthors Florian Zettelmeyer and Jorge Silva-Risso received the 2007 Green Award for their article "How the Internet Lowers Prices: Evidence from Matched Survey and Automobile Transaction Data" published in the May 2006 issue of the Journal of Marketing Research.

Jesse Shapiro and Matthew Gentzkow received the 2007 Robert H. Durr Award from the Midwest Political Science Association for their paper "What Drives Media Slant ?" The award is given "for the best paper applying quantitative methods to a substantive problem."

Robert J. Shiller was named "Global Risk Manager of the Year" by the Global Association of Risk Managers in 2007. He is the first academic to receive this honor.

Hans-Werner Sinn delivered the Thuenen Lecture to the German Association of Economists (Verein fur Socialpolitik) in Munich in October 2007.

James M. Snyder was inducted into the American Academy of Arts and Sciences in 2007.

Gary R. Solon was elected a Fellow of the Society of Labor Economists.

Douglas O. Staiger and Amitabh Chandra received the Kenneth J. Arrow Award in Health Economics from the International Health Economics Association for the best paper in health economics in 2007: "Productivity Spillovers in Health Care: Evidence from the Treatment of Heart Attacks" published in the Journal of Political Economy, February 2007.

Robert Stambaugh (and co-author Lubos Pastor) received the Goldman Sachs Asset Management Award for the best paper in empirical investments presented at the 2007 meetings of the Western Finance Association.

Robert Stavins, Charles Kolstad, and Joseph Stiglitz served as Lead Authors for the Intergovernmental Panel on Climate Change, which was the co-recipient (with Albert Gore Jr.) of the 2007 Nobel Peace Prize. Stavins also became the founding Editor of the Review of Environmental Economics and Policy.

Jeremy C. Stein was named a Fellow of the American Academy of Arts and Sciences in 2008, and was also elected president of the American Finance Association.

Andrew Sweeting won the Austin Robinson Memorial Prize for the best paper by an economist within five years of Ph.D. published in the Economic Journal in 2007. The paper was "Market Power in the England and Wales Wholesale Electricity Market 1995-2000."

Richard Sylla was elected vice chairman of the board of trustees of the Museum of American Finance, a Smithsonian affiliate located at 48 Wall Street, New York City. The election occurred in October 2007.

Michele Tertilt was awarded the NSF CAREER grant (the NSF's major award in support of early-career scientists). She is also the W. Glenn Campbell and Rita Ricardo-Campbell National Fellow at the Hoover Institution during academic year 2007/8.

Laura Veldkamp, Patrick Bolton, and Markus Brunnermeier's paper "Leadership, Coordination and Mission-Driven Management" won the J.P. Morgan Prize for the best paper at the Utah Winter Finance Conference.

Pietro Veronesi received the Fama/ DFA Prize for the best paper in the Journal of Financial Economics in the Areas of Capital Markets and Asset Pricing (second prize) for "Was There a NASDAQ Bubble in the Late 1990s?" (with Lubos Pastor), 2006, Journal of Financial Economics 81, 61-100. (The prize is awarded in 2007 for a publication in 2006.)

W. Kip Viscusi was appointed as an Honorary Member, Academy of Economics and Finance.

Joel Waldfogel and his co-author Lu Chen won the Journal of Industrial Economics's "Best Article of the Year" Prize for 2006 for "Does Information Undermine Brand? Information Intermediary Use and Preference for Branded Web Retailers", which appeared in the December 2006 issue (Volume LIV No. 4).

Jiang Wang received the 2007 Smith Breeden Prize for distinguished paper in the Journal of Finance for "Trading Volume: Implications of An Intertemporal Asset Pricing Model"(with A.W. Lo), 2007 and the New York Stock Exchange Award for the best paper on equity trading, Western Finance Association Meeting, for "Liquidity and Market Crashes"' (with J. Huang), 2007.

Michael Whinston was elected a Fellow of the American Academy of Arts and Sciences.

Michelle J. White is President-elect of the American Law and Economics Association. (She will succeed Lucian Bebchuk, who is now president.)

Barbara (Bobbi) Wolfe has been awarded a Guggenheim Fellowship for 2008.

Michael Woodford was awarded the 2007 Deutsche Bank Prize in Financial Economics.

Stephen R. Yeaple was awarded the 2008 Bhagwati Award for his paper, "A Simple Model of Firm Heterogeneity, International Trade, and Wages." This award is given every other year for the best paper in the Journal of International Economics.