Carl M. Campbell III Address: Dept. of Economics Northern Illinois University DeKalb, IL 60115 Telephone: (815)-753-6974 E-mail: carlcamp@niu.edu Citizenship: U.S.A. Education: Swarthmore College, B.A., Economics, 1982 Princeton University, M.A., Economics, 1985 Princeton University, Ph.D., Economics, 1988 Thesis: Title: A Sectoral and International Comparison of Wage Rigidity Advisors: William H. Branson, David H. Romer, and David E. Card Professional Experience: Chair, Department of Economics, Northern Illinois University, 2009-2012; Acting Chair, 2015- Assistant Chair and Director of Undergraduate Studies, Department of Economics, Northern Illinois University, 2000-2009, 2014-2015. Professor, Department of Economics, Northern Illinois University, 2012- Associate Professor, Department of Economics, Northern Illinois University, 2002-2012; Assistant Professor, 1999-2002 Visiting Assistant Professor, Department of Economics, Dartmouth College, Hanover, NH, 1995-1999 (except spring 1996) Visiting Assistant Professor, Department of Economics, University of Virginia, Charlottesville, VA, spring 1996 Assistant Professor, Department of Economics, Colgate University, Hamilton, NY, 1988-95 Lecturer Assistant Professor, Department of Economics, Mount Holyoke College, South Hadley, MA, 1987-88
Courses Taught: Introductory Microeconomics Introductory Macroeconomics Intermediate Macroeconomics Statistics Money and Banking The Economics of Financial Intermediaries and Markets Seminar in Applied Macroeconomics Research Methods in Economics Graduate Macroeconomics Publications: Sectoral Wage Rigidity in the Canadian and French Economies, European Economic Review, Vol. 33, December 1989, pp. 1727-1749. Tests of Efficiency Wage Theory and Contract Theory with Disaggregated Data from the U.S., Weltwirtschaftliches Archiv, Vol. 127, March 1991, pp. 98-118. Do Firms Pay Efficiency Wages? Evidence with Data at the Firm Level, Journal of Labor Economics, Vol. 11, July 1993, pp. 442-470. Wage Change and the Quit Behavior of Workers: Implications for Efficiency Wage Theory, Southern Economic Journal, Vol. 61, July 1994, pp. 133-148. The Determinants of Dismissals: Tests of the Shirking Model with Individual Data, Economics Letters, Vol. 46, September 1994, pp. 89-95. A Cross-Industry Time-Series Analysis of Quits, Quarterly Review of Economics and Finance, Vol. 35, Spring 1995, pp. 53-72. The Relative Impacts of the Level and the Change in the Wage on Quits, International Journal of Manpower, Vol. 16, November 1995, pp. 31-41. The Effects of State and Industry Economic Conditions on New Firm Entry, Journal of Economics and Business, Vol. 48, May 1996, pp. 167-183. The Variation in Wage Rigidity by Occupation and Union Status, Oxford Bulletin of Economics and Statistics, Vol. 59, February 1997, pp. 133-147.
The Determinants of Dismissals, Quits, and Layoffs: A Multinomial Logit Approach, Southern Economic Journal, Vol. 63, April 1997, pp. 1066-1073. The Reasons for Wage Rigidity: Evidence from a Survey of Firms, (with Kunal Kamlani), Quarterly Journal of Economics, Vol. 112, August 1997, pp. 759-789. A Model of the Wage Curve, (with Michael Orszag), Economics Letters, Vol. 59, April 1998, pp. 119-125. Can the Fair Wage-Effort Hypothesis Be Interpreted as a Safe Effort Hypothesis? (with Eliakim Katz), Economics Letters, Vol. 72, August 2001, pp. 241-246. A Model of the Determinants of Effort, Economic Modelling, Vol. 23, March 2006, pp. 215-237. An Efficiency Wage Approach to Reconciling the Wage Curve and the Phillips Curve, Labour Economics, Vol. 15, December 2008, pp. 1388-1415. Deriving the Wage-Wage and Price-Price Phillips Curves from a Model with Efficiency Wages and Imperfect Information, Economics Letters, Vol. 107, May 2010, pp. 242-245. The Formation of Wage Expectations in the Effort and Quit Decisions of Workers, Economic Modelling, Vol. 42, October 2014, pp. 313-322. Working Papers: Pre-Recession Wage Inflation and the Strength of the Subsequent Recovery Efficiency Wage Setting, Labor Demand, and Phillips Curve Microfoundations An Efficiency Wage Imperfect Information Model of the Aggregate Supply Curve, MPRA Paper 15296. The Impact of Evolving Labor Practices and Demographics on Inflation and Unemployment, (with John Duca), Federal Reserve Bank of Dallas Working Paper 0702. An Efficiency Wage Imperfect Information Model of the Phillips Curve, NIU Department of Economics Working Paper 2008-1. A General Equilibrium Efficiency Wage Model.
An Aggregate Bargaining Model with Efficiency Depending Positively on Wages Works in Progress: A Search and Matching Explanation for Efficiency Wage Setting A Synthesis of Efficiency Wages with the Search and Matching Model Recent Presentations: A General Equilibrium Efficiency Wage Model, presented at the London School of Economics (2001), Oxford University (2001), Warwick University (2001), DePaul University (2003). The Impact of Evolving Labor Practices and Demographics on Inflation and Unemployment, (with John Duca), presented at the Western Economic Association International Annual Conference, July 2004; and at the Markets and Models Conference, Wellington, NZ, July 2008. An Efficiency Wage Approach to Reconciling the Wage Curve and the Phillips Curve, presented at Northern Illinois University, October 2005. An Efficiency Wage Imperfect Information Model of the Phillips Curve, presented at Northern Illinois University, October 2006; at Loyola University, November 2006; and at the Scottish Economic Society annual meetings, April 2008. An Efficiency Wage Imperfect Information Model of the Aggregate Supply Curve, presented at Northern Illinois University, October 2008. The Formation of Wage Expectations in the Effort and Quit Decisions of Workers, presented at Northern Illinois University, October 2009. Efficiency Wage Setting, Labor Demand, and Phillips Curve Microfoundations, presented at Northern Illinois University, April 2011; Illinois State University, October 2012; DePaul University, February 2013; Royal Economic Society Annual Conference, Manchester, England, April 2014.
Grants received: Co-Principal Investigator (w/ George Slotsve and Barney Schwartz) on a grant from the Chiang Ching-Kuo Foundation for International Scholarly Exchange. Title: An Investigation of the Distribution of Income in Taiwan:1978-1999. Journal Refereeing: Eastern Economic Journal, Economic Journal, Economica, Economic Modelling, Economics Letters, European Economic Review, Industrial and Labor Relations Review, International Journal of Manpower, Journal of Institutional and Theoretical Economics, Journal of Labor Economics, Journal of Money, Credit, and Banking, Labour Economics, Labour: Review of Labour Economics and Industrial Relations, Managerial and Decision Economics, Oxford Economic Papers, Quarterly Journal of Economics, Regional Science and Urban Economics, Scottish Journal of Political Economy, Southern Economic Journal, Scandinavian Journal of Economics University Service: Member of the Colgate University Judicial Board, 1991 Economics Department Advising Coordinator, 1992-94 Economics Department Library Representative, 1999-2001 Member of Economics Department Journal Ranking Committee, 2000-2002 Member of Economics Department Undergraduate Committee, 2000-2009 Dept. of Economics Grade Review Board, 2002-2009 Dept. of Economics Search Committee, 2002, 2004, 2005, 2009-2011, 2014 Dept. of Economics Capstone Development Committee, 2003