Department of Economics
Professor Therese A. McCarty

Therese A. McCarty

Job Title
John Prior Lewis ’41 Professor of Economics
Lippman Hall 114

Research interests

Public Finance, Economics of Education


“Estimating Permanent and Transitory Income Elasticities of Education Spending From Panel Data”, with Stephen J. Schmidt, Journal of Public Economics, 92(10-11), October 2008, pp. 2132-2145.

“Allocating Property Tax Revenue in California: Living with Proposition 13” with Terri A. Sexton, Steven M. Sheffrin and Stephen D. Shelby, State Tax Notes, March 25, 2002 and Proceedings of the National Tax Association Annual Conference, 2001.

“Dynamic Patterns in State Government Finance,” with Stephen J. Schmidt, Public Finance Review, 29(3), May 2001.

“A Vector Autoregression of State-Government Expenditure,” with Stephen J. Schmidt, American Economic Review 87(2), pp. 278-282, May 1997.

Demographic Diversity and the Size of the Public Sector,” Kyklos, February 1993.

“Technical Efficiency in New Jersey School Districts,” with Suthathip Yaisawarng, in H. Fried, C. Lovell, and S. Schmidt, eds., The Measurement of Productive Efficiency: Techniques and Applications, Oxford University Press, 1993.

“On Equalizing School Expenditures,” with Harvey E. Brazer, Economics of Education Review, 9(3), 1990.

“The Effect of Social Security on Married Women’s Labor Force Participation,” National Tax Journal, XLIII(1), March 1990.

“Interaction Between Demand for Education and for Municipal Services,” with Harvey E. Brazer, National Tax Journal, XL(4), December 1987.

Additional media

Other professional activities

Visiting Scholar, Center for State and Local Taxation, University of California At Davis, 2000-2001.

Visiting Research Fellow, Center for the Study of the States, Rockefeller Institute, Albany, NY 1994.

Visiting Faculty, Center for International Education, Kansai Gaidai University, Japan (Union College Term Abroad), Fall 1993.

Recent college service

Interim Dean of Studies, Fall 2018

Stephen J. and Diane K. Ciesinski Dean of the Faculty and Vice President for Academic Affairs, 2007-2016

Acting President July-December 2013

Interim Dean of the Faculty and Vice President for Academic Affairs, 2005-2007

Member, Minerva Council, 2004-2005

Chair, Department of Economics, 2001-2004

Chair, Faculty Executive Committee, 1998-2000

Chair, Social Sciences Division, 1996-98

Chair, Benefits Committee, 1997-98

Member, Faculty Appeals Committee, 1995-98

Academic credentials

A.B., Bryn Mawr College; A.M., University of Michigan; Ph.D., University of Michigan