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|Alma mater||Massachusetts Institute of Technology
University of Oxford
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Caroline Minter Hoxby is an American labor and public economist whose research focuses on issues in education and local public economics. She is the Scott and Donya Bommer Professor in economics at Stanford University and director of the Economics of Education Program for the National Bureau of Economic Research. She is also a senior fellow at the Hoover Institution and the Stanford Institute for Economic Policy Research.
Hoxby is a native of Shaker Heights, Ohio, where she attended Shaker Heights High School. Her father, Steven Minter, worked in the U.S. Department of Education during the presidency of Jimmy Carter. Hoxby graduated with summa cum laude and Phi Beta Kappa from Harvard University in 1988, where she won the Hoopes Prize. She then attended Oxford on a Rhodes Scholarship. In 1994, she received her doctorate in economics from the Massachusetts Institute of Technology.
From 1994 to 2007, she was a faculty member of Harvard University, first as an assistant professor, then as Morris Kahn Associate Professor of Economics, and starting in 2001 as the Allie S. Freed Professor of Economics. She was the university's only African-American economics professor with tenure. In 2005, she was appointed to be one of the 24 Harvard College Professors. In 2006, she won the Phi Beta Kappa Teaching Prize. She moved to Stanford University in 2007, where she is the Scott and Donya Bommer Professor of Economics. She was named the John and Lydia Pearce Mitchell University Fellow in Undergraduate Education in 2014.
She has been married to Blair Hoxby, also a Harvard graduate and a Rhodes Scholar, since 1993. He is currently a faculty member in the English department at Stanford University and does scholarly work on John Milton and Renaissance theater.
Hoxby's research focuses on higher education policy, including college choice, the effects of financial aid, the outcomes of graduates from different colleges, college tuition policy, public school finance, school choice, the effect of education on economic growth and income inequality, teacher pay and teacher quality, peer effects, and class size. She also works on topics that fit under the headings of public finance (property taxes, government finance), labor economics (earnings, returns to skills), and quantitative methods.
Hoxby is a Principal Investigator of the Expanding College Opportunities project, a randomized controlled trial that had dramatic effects on low-income, high achievers' college-going. For work related to this project, she recently received The Smithsonian Institution's Ingenuity Award. Her research in this area began with a demonstration that low-income high achievers usually fail to apply to any selective college. This is despite the fact that they are extremely likely to be admitted and receive such generous financial aid that they usually pay much less to attend selective colleges than they do to attend non-selective schools. This issue is now being addressed systematically owing to the project's evidence that individualized but inexpensive informational interventions cause students to take fuller advantage of their opportunities.
In some of her other best known work on higher education, she explains the rising cost of college. She analyzes how the market for higher education works and has developed since WWII. And she evaluates why some universities are much more productive than others. Recently, she has analyzed universities' endowment policies and the economics of online higher education. Her current research includes studies of colleges' value-added and how federal spending and tax policies affect college-going.
One of Hoxby's most-cited papers, "Does Competition among Public Schools Benefit Students and Taxpayers?" (American Economic Review, 2000), argues that increased school choice improves educational outcomes for all students by improving school quality. Jesse Rothstein (at the time, a graduate student at the University of California at Berkeley under Professor David Card) published a paper in which he stated that he was unable to independently replicate her results. Hoxby later published a response in defense of her original work, and the debate received coverage in the mainstream press.
- Caroline M. Hoxby (editor). 2003. The Economics of School Choice. University of Chicago Press. ISBN 9780226355337.
- Caroline M. Hoxby (editor). 2004. College Choices: The Economics of Where to Go, When to Go, and How to Pay for It. University of Chicago Press. ISBN 9780226355351.
- Jeffrey R. Brown and Caroline M. Hoxby (editors). 2015. How the Financial Crisis and Great Recession Affected Higher Education. University of Chicago Press. ISBN 9780226201832. ISBN 9780226201979.
- "How Teachers' Unions Affect Education Production", Quarterly Journal of Economics (1996) 111 (3): 671–718. doi:10.2307/2946669
- "The Effects of Class Size on Student Achievement", Quarterly Journal of Economics (2000) 115 (4): 1239–1285. doi:10.1162/003355300555060
- "Does Competition among Public Schools Benefit Students and Taxpayers?", American Economic Review (2000) 90 (5, December 2000): 1209–1238. JSTOR 2677848
- "Not All School Finance Equalizations Are Created Equal", Quarterly Journal of Economics (2001) 116 (4): 1189–1231. doi:10.1162/003355301753265552
- Caroline M. Hoxby and Andrew Leigh. "Pulled Away or Pushed Out? Explaining the Decline of Teacher Aptitude in the United States", American Economic Review 94(2): 236–240. doi:10.1257/0002828041302073
- Alberto Alesina, Reza Baqir, and Caroline Hoxby. "Political Jurisdictions in Heterogeneous Communities", Journal of Political Economy (2004) 112 (2): 348–396. doi:10.1086/381474
- Caroline Hoxby and Christopher Avery. "The Missing 'One-Offs': The Hidden Supply of High-Achieving, Low-Income Students", Brookings Papers on Economic Activity (Spring 2013).
- Caroline Hoxby. "The Economics of Postsecondary Education: MOOCs, Nonselective Education, and Highly Selective Education", American Economic Review (P&P) (May 2014).
Awards and honors
Among the awards and honors that Hoxby has received are:
- Carnegie Fellowship from Carnegie Corporation of New York
- Alfred P. Sloan Research Fellowship, 1999
- National Tax Association Award for Outstanding Doctoral Dissertation in Government Finance and Taxation, 1994
- Global Leader of Tomorrow from the World Economic Forum
- Thomas B. Fordham Prize for Distinguished Scholarship in Education, 2006
- Hoxby was the 2013 recipient of Smithsonian magazine's American Ingenuity Award in the Education category.
- "Caroline M. Hoxby". Stanford University Economics Department.
- "Steven Minter". The History Makers. Retrieved 26 January 2015.
- "Caroline M. Hoxby: Curriculum Vitae". Stanford University Department of Economics.
- Marcella Bombardieri (June 11, 2007). "Dual careers worry academia; Scholarly couples are lured away". Boston Globe.
- Harvard Gazette: Six honored as Harvard College Professors
- Crimson Staff (2005). "Sweet Caroline: Harvard Must Do All It Can to Keep Hoxby" (March 2). Harvard Crimson. Retrieved 25 January 2015.
- Harvard College Phi Beta Kappa Teaching Prize
- Sullivan, Kathleen J. (24 October 2014). "Stanford provost announces Bass University Fellows in Undergraduate Education". Stanford Report. Retrieved 25 January 2015.
- "Weddings: Caroline M. Minter and Blair G. Hoxby". New York Times. May 30, 1993.
- "Faculty Profile: Blair Hoxby, Associate Professor". Stanford University Department of English.
- "2013 Smithsonian American Ingenuity Awards". Smithsonian Magazine. November 15, 2013.
- Leonhardt, David (March 16, 2013). "Better Colleges Failing to Lure Talented Poor". New York Times. Retrieved 25 January 2015.
- Leonhardt, David (March 21, 2013). "Changing the Culture of College Application". New York Times. http://economix.blogs.nytimes.com. Retrieved 25 January 2015.
- Plumer, Brad (March 22, 2013). "Smart low-income kids aren't applying to good colleges". Washington Post.
- Jaschik, Scott (December 11, 2012). "The Missing Students". Inside Higher Ed. Retrieved 25 January 2015.
- Salam, Reihan (March 22, 2013). "Tackling the Geographical Dispersion of Low-Income High-Achievers". The Agenda. Retrieved 25 January 2015.
- Donald, Brooke (March 29, 2013). "New tools help smart low-income kids realize great college opportunities, Stanford researcher says". Stanford Report. Retrieved 25 January 2015.
- Hoxby, Caroline (2009). "The Changing Selection of American Colleges". Journal of Economic Perspectives 23 (4): 95–118. doi:10.1257/jep.23.4.95. Retrieved 26 January 2015.
- Hoxby, Caroline; Brown, Jeffrey (2015). How the Financial Crisis and Great Recession Affected Higher Education. University of Chicago Press. ISBN 9780226201832.
- Vasan, Paula (January 8, 2013). "The Asset Endowments Ignore: Their University". Chief Investment Officer. Retrieved 26 January 2015.
- "Harvard's Exit Strategy". The Economist. February 12, 2014. Retrieved 26 January 2015.
- Editorial Board (February 8, 2014). "Massive Open Online Forces". The Economist.
- Pickard, Laurie. "Unlocking the MOOC Marketplace, Part 1: A Tale of Two Markets". The No Pay MBA. Retrieved 26 January 2015.
- Jesse Rothstein, Does Competition Among Public Schools Benefit Students and Taxpayers? A Comment on Hoxby (2000)
- Hoxby, Caroline (2007). "Does Competition Among Public Schools Benefit Students and Taxpayers? Reply". AER 97 (5): 2038–55.
- Javier C. Hernandez, Star Ec Prof Caught in Academic Feud, The Harvard Crimson, July 8, 2005
- Michael DeCourcy Hinds. "Scholarship for Social Change". Carnegie Reporter (Carnegie Corporation of New York) (volume 2, number 1, Fall 2002).
- "Past Fellows". Alfred P. Sloan Foundation.
- "Annual Competition for Outstanding Doctoral Dissertations in Government Finance and Taxation". National Tax Association.
- "Global Leaders of Tomorrow Class of 2003". World Economic Forum.
- Rob Capriccioso (February 8, 2006). "Economy of Research". Inside Higher Ed.
- Greene, David (March 18, 2014). "For Low-Income Students, Right College At Right Price A Challenge". NPR Morning Edition. Retrieved 25 January 2015.
- Martin, Michel (January 9, 2014). "Students Of Color Don't Apply To Top Schools, But They Should". NPR Listen to the Story.
- Vedantam, Shankar (January 9, 2013). "Elite Colleges Struggle To Recruit Smart, Low-Income Kids". NPR Morning Edition. Retrieved 25 January 2015.
- Cornish, Audie (April 1, 2013). "Basic marketing may be to blame for fewer low income students as top universities". NPR.
- "Hoxby Featured on NBC News's Masterclass". Hoover Institution. Retrieved 25 January 2015.
- "To Achieving Poor Students Go Unnoticed by Some Elite Universities". PBS Newshour. March 27, 2013. Retrieved 25 January 2015.</ref>