Diane Macunovich

Degrees: Ph.D., Economics, University of Southern California, 1989; B.S., Humanities and Science, Massachusetts Institute of Technology, 1966.



Areas of Expertise

  • Effects of changing demographic structure on economic growth and financial crises.
  • Reversals of patterns of women's labor supply in the US since the late 1990's.
  • Causes of long term trends in men's age at retirement in the US.

Professional Background Highlights

Diane Macunovich received her Ph.D. in Economics from the University of Southern California in 1989, after receiving her undergraduate degree from M.I.T. in 1966 and then working for seventeen years as an economic and demographic consultant in the U.S., U.K., Iran and Canada. She specializes in research on economic and demographic feedback effects: how population growth affects the economy and how economic conditions affect population growth. Much of her work is presented in her book Birth Quake: the Baby Boom and Its Aftershocks (University of Chicago Press, 2002). She lived and worked for eight years in England and nine years in Canada before returning to school to get her PhD at USC and came to the University of Redlands after ten years at Williams College in Massachusetts and four years at Barnard College, Columbia University in NYC. Her current work focuses on demographic factors behind recessions and on recent changes in women's and men's labor force participation.

Courses Offered at Redlands

  • Introduction to Statistics
  • Introduction to Econometrics
  • Principles of Microeconomics
  • Intermediate Microeconomics
  • Labor Economics
  • Economics of Race and Gender
  • Senior Seminar: Population and the Economy
  • First Year Seminar: Baby Booms and Busts
  • Topics in Political Economy: Changes in Men's and Women's Labor Force Participation

Degrees Held

  • B.S., Humanities and Science, Massachusetts Institute of Technology, 1966
  • Ph.D., Economics, University of Southern California, 1989

Previous Teaching Experience

  • Visiting Professor of Economics, Barnard College, Columbia University, NY, NY, 1999-2003
  • Associate Professor, Department of Economics, Williams College, Williamstown, MA, 1993-2000
  • Assistant Professor, Department of Economics, Williams College, Williamstown, MA, 1989-1992
  • Assistant Lecturer/Research Assistant, Department of Economics, University of Southern California, Los Angeles, 1983-1989
  • Lecturer in Quantitative Analysis, Graduate Program in Urban Studies and Economics, University of Liverpool, England, 1970-1971

Professional Experience

  • Research Associate, Department of Economics and Statistics, RAND Corporation, Santa Monica, CA, 1987-1993
  • President and Economic/Demographic Analyst, Plan Technics Consultants, Toronto, Ontario, Canada, 1977-1985
  • Senior Consultant, IBI Group (formerly part of Peat Marwick and Partners), Toronto,Ontario, Canada, 1974-1977
  • Senior Planner, Corporate Planning Department, Milton Keynes New Town Development Corporation, Milton Keynes, England, 1971-1974
  • Senior Consultant, Peat Marwick Mitchell, London, England, 1969-1970
  • Consultant, Planning and Transportation Research and Computation Co., London, England, 1967-1968
  • Consultant, Abt Associates, Cambridge, Massachusetts, 1966-1967

Awards, Honors and Grants

  • Appointed as Research Fellow of the Institute for the Study of Labor (IZA) in Bonn, Germany, 2003-present
  • Visiting Fellow, Maxwell Center for Policy Research, Syracuse University, Syracuse, NY, 1997-1999
  • Awarded National Institute of Aging Fellowship, 1997-1998
  • Elected to Membership in the National Academy of Social Insurance, 1996
  • Guest Research Scholar, International Institute for Applied Systems Analysis, Vienna, Austria, 1992-1993
  • Andrew W. Mellon Visiting Scholar, Population Reference Bureau, Washington, DC, 1992- 1993
  • Awarded PhD with Distinction, USC, 1989

Publications, Presentations and Panels

“The Role of Demographics in Precipitating Crises in Financial Institutions,” Journal of Population Economics, forthcoming, 2009

“Effects of Changing Age Structure and Intergenerational Transfers on Patterns of Consumption and Saving,” pages 243 - 277 in Allocating Public And Private Resources Across Generations, Volume 2, edited by Anne Gauthier, Cyrus Chu and Shripad Tuljapurkar. Springer/Kluwer Academic Publishers: Dordrecht, The Netherlands, 2007

“The Easterlin Hypothesis,” an entry for publication in The New Palgrave Dictionary of Economics, 2nd Edition, edited by Larry Blume and Steven Durlauf, Palgrave Macmillan USA, 2007.

“Population Cycles,” an entry in Encyclopedia of Population, edited by Demeny, Paul, and Geoffrey McNicoll, New York: Macmillan Reference USA, 2003.

“Richard A. Easterlin,” an entry in Encyclopedia of Population, edited by Paul Demeny and Geoffrey McNicoll, Macmillan Reference USA, 2003.

“Economic Theories of Fertility,” Chapter 8 in Economics of Gender and the Family, edited by Karine Moe, Blackwell Publishers, 2003.

"Birth Quake: The Baby Boom and Its After Shocks," University of Chicago Press: June 2002.

“Social Determinants of Human Reproduction,” (2001) Journal of Human Reproduction, 16(7):1518-1526. with other members of the European Society of Human Reproduction & Embryology Capri Workshop.

“Why the Baby Bust Cohorts Haven't Boomed Yet: A re-examination of cohort effects on wage inequality in the U.S.” in Ray Marshall (ed.), Back to Shared Prosperity, Armonk, NY:M.E.Sharpe 2000.

“Relative Cohort Size: Source of a Unifying Theory of Global Fertility Transition?” Population and Development Review, 26(2, June 2000):235-261.

"The Role of Relative Income and Relative Cohort Size in the Demographic Transition.” Population and Environment, 21(2, November 1999):155-192.

“The Fortunes of One’s Birth: Relative Cohort Size and the Youth Labor Market in the U.S.” Journal of Population Economics, 12(2,1999):215-272.

“Relative Cohort Size and Inequality in the U.S.” American Economic Review (Papers and Proceedings), May 1998,88(2):259-264.

“Race and Relative Income/Price of Time Effects on U.S. Fertility,” Journal of Socio-Economics, 27(3, 1998):365-400.

“Fertility and the Easterlin Hypothesis: An Assessment of the Literature,” Journal of Population Economics, 11(1998):1-59.

“Discussion Comments Related to 'Social Security: How social and how secure should it be?” by Steven Sass and Robert Triest," pp.64-73 in S.A.Sass and R.K.Triest (eds.), Social Security Reform: Links to Saving, Investment and Growth, Conference Series No.41, Federal Reserve Bank of Boston, June 1997.

“A Conversation with Richard Easterlin,” Journal of Population Economics, 10(1997):119-136.

“Will There Be a Boom in the Demand for U.S. Higher Education Among 18-24 Year Olds?” Change, May/June 1997.

“Relative Income and Price of Time: Exploring Their Effects on U.S. Fertility and Female Labor Force Participation,” in Fertility in the United States: New Patterns, New Theories, Population and Development Review, supplement to Volume 22(1996):223-257.

“Social Security and Retirees: Two Views of the Projections # An Economist's Perspective,” pp. 43-67 in Peter A. Diamond, David Lindeman and Howard Young (editors), Social Security: What Role for the Future? National Academy of Social Insurance: Washington, DC (1996).

Professional Affiliations

  • Fellow, IZA (Forschungsinstitute zur Zukunft der Arbeit: Institute for Research in Labor Economics).
  • Swedish Research Council, Reviewer for Linnaeus Grant applications.
  • American Economic Association.
  • Cliometric Society.
  • European Historical Economics Society.
  • European Society for Population Economics.
  • Population Association of America.
  • National Academy of Social Insurance.

Quiet the Mind
meditation room

The University’s Meditation Room opened in 2007 and is one of the first “contemplative classroom” spaces in the country.

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