Andrew J. Hussey,

Andrew J. Hussey

Please note: Andrew has left the "Economics" group at Duke University; some info here might not be up to date.

Office Location:  123 Erwin Mill
Email Address: send me a message
Web Page:

Typical Courses Taught:


PhD Economics,Duke University
MA Economics,Duke University2001
BA Economics, Chemistry,St. Olaf College2000

Health Economics
Research Interests:

The dissertation, consisting of three related papers, is an investigation into the effects of an MBA education. The first paper analyzes MBA labor market outcomes by simultaneously modeling earnings and managerial position. Despite estimated positive returns to the degree on earnings, a negative reduced form effect of the MBA on managerial attainment is observed. This reduced form result is extremely robust to estimation technique and controls. A model incorporating heterogeneous preferences over earnings and managerial status and heterogeneous tournaments or job “tracks” is presented which can explain these findings. Estimation produces a positive overall effect of an MBA, and demonstrates the existence of a compensating differential between tournament types. The second paper (with Peter Arcidiacono and Jane Cooley) focuses more specifically on the economic returns to an MBA. By exploiting the existence of pre- and post-MBA wages, a fixed effects procedure is used to eliminate time-invariant unobserved heterogeneity, a problem which has long plagued researchers attempting to estimate the returns to schooling. The third paper tests between the human capital and screening theories of education. The test is based on the prediction that under the existence of screening, the returns to the degree will be negatively associated with length of pre-MBA experience.

Areas of Interest:

Economics of Education
Personnel Economics


Advanced Education • Personnel Economics

Recent Publications

  1. Compensating Differentials, Tournaments, and the Market for MBAs, Job Market Paper, (Submitted, Fall, 2005) [pdf]
  2. with P. Arcidiacono and J. Cooley, Returns to Schooling: Returns when the Counterfactual is Observed, revise and resubmit: International Economic Review (Submitted, Fall, 2005)
  3. Signaling vs. Screening: the Case of MBAs (Submitted, Fall, 2005)