Kathryn L. Shaw

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Kathryn L. Shaw
Member of the Council of Economic Advisers
In office
PresidentBill Clinton
Preceded byCecilia Rouse
Succeeded byMark B. McClellan
Alma mater
Spouse(s)Ricard Townsend
Scientific career
Fieldslabor economics, personnel economics
InstitutionsGraduate School of Business, Stanford University,
Tepper School of Business, Carnegie Mellon University

Kathryn L. Shaw is the Ernest C. Arbuckle Professor of Economics at the Graduate School of Business, Stanford University. Previously, she was the Ford Distinguished Research Chair and Professor of Economics at Tepper School of Business, Carnegie Mellon University. She graduated from Occidental College in 1976, and completed her PhD in economics at Harvard University in 1981.[1] From 1999-2001, she served as a Senate-confirmed Member of President Bill Clinton's Council of Economic Advisers.[2]

Shaw is the co-developer of the field of "insider econometrics," a research field within personnel economics in which researchers go within companies and use insider knowledge and data to identify the performance gains from management practices. In early work, she (and her co-authors) use production-level data from firms in the steel industry to model the effects of alternative management strategies on productivity.[3] Recently, she has turned to studying the performance gains from new information technologies and the changes in management strategy towards product customization that enhance returns to investment. In related work on incentives in franchising, she shows how the optimal use of franchise contracts can increase brand value for franchise companies. Her research has been extensively funded by the National Science Foundation (NSF), the Alfred P. Sloan Foundation, the Russell Sage and Rockefeller Foundations, and the Department of Labor.[1]

In 1998, Shaw was honored as the recipient of the Minnesota Award for Employment Research for the best paper in 1997-98 on the topic of employment issues. In 2001, she received the Columbia University award for the best paper on international business. At Carnegie Mellon University, Shaw received the Award for Sustained Teaching Excellence, the Economics Department Teaching Award, was Chair of the Faculty Senate, and was Head of the Department of Industrial Management.[1] She has served on a Research Panel of the NSF and has been an editor of several academic journals.[3]


  • Edward P. Lazear; Kathryn L. Shaw (2009). The Structure of Wages: An International Comparison. University of Chicago Press. ISBN 978-0-226-47051-1.
  • Richard B. Freeman; Kathryn L. Shaw (2009). International Differences in the Business Practices and Productivity of Firms. University of Chicago Press. ISBN 9780226261959.


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