Richmond Home
 Jim  Monks
Jim Monks
Professor of Economics
Grants and Fellowships
Monks, James W. (Principal), "Who's Opting Out?  Labor Supply Decisions of Highly Educated Women," Sponsored by Sloan Foundation, Private, $38,287.00. (April 1, 2007 - March 30, 2008).

Monks, James W. (Principal), "The Impact of Merit-Based Financial Aid and Price Illusion on College Enrollment: A Field Experiment," Sponsored by Spencer Foundation, Private, $36,825.00. (April 1, 2006 - June 30, 2007).

Monks, James W. (Principal), "The Impact of Title IX on College Admissions," Sponsored by WT Grant Foundation, Private, $25,000.00. (April 1, 2005 - March 31, 2006).
Distinguished Educator Award, University of Richmond

Robins School of Business Outstanding Teacher Award, Robins School of Business

Robins School of Business Outstanding Scholarship Award, Robins School of Business, Outstanding scholarship in economics analyses of higher education, 2005.
Monks W. James, University Presidents Job Turnover, National Business and Economic Society Conference, Curacao, Netherlands Antilles

Monks W. James, Job Stability among U.S. University Presidents, Southern Economic Association Annual Conference, Atlanta, Georgia

Monks W. James, Research on U.S. Academic Labor Markets, University of Bath Seminar on Higher Education, Bath, England

Monks W. James, Merit Based Financial Aid and Price Illusion, Oxford Business and Economics Conference, Oxford University

Monks W. James, Title IX Compliance and College Admissions, International Economics of Education Conference, Dijon, France

Craft D. Erik, Monks W. James, Postbellum Cotton Demand Revisited, University of Richmond Economics Seminar, University of Richmod

Monks W. James, Rising Inequality in Faculty Compensation, Western Economic Association Meeting, Vancouver, Canada
American Economic Association
Commitee on the Economic Status of the Profession, American Association of University Professors
Professional Experience
Previous positions include:


Visiting Assistant Professor, Mount Holyoke College. (August 1995 - July 1998).


Senior Economist, Consortium on Financing Higher Education. (July 1998 - July 2001).

Financial Analyst, General Electric Corporation. (August 1987 - February 1990).

Institutional Service
Robins School of Business

Assessment Committee. (August 17, 2011 - May 7, 2012).

Committee Member, PETE, Member. (September 2006 - June 2010).

Chairperson, Strategic Planning Working Group on Access and Affordability. (May 2008 - December 2008).

Committee Member, Search Committee: VP Enrollment Management, Member. (September 2007 - March 2008).

University of Richmond

Committee Member, Board of Trustees Subcommittee on Business Managment. (September 2011 - Present).

Committee Member, Econometric Modeling Group, Member. (August 2001 - Present).

Special Institutional Assignment. (February 2010 - November 2010).

Committee Member, University-Wide Study on Faculty Salaries. (August 19, 2008 - March 1 , 2009).

Committee Member, Program for the Enhancement of Teaching Effectiveness (PETE). (August 19, 2008 - December 16, 2008).

Committee Chair, Strategic Plan Working Group on Access and Affordability. (August 19, 2008 - December 16, 2008).
Selected Publications

James W. Monks, Job turnover among university presidents in the United States of America, Journal of Higher Education Policy and Management, 2012, 139-152

James W. Monks, Robert M Schmidt, The Impact of Class Size on Outcomes in Higher Education, B.E. Journal of Economic Analysis and Policy, 2011, 17

James W. Monks, John Twomey, Monopsony and Salary Suppression: The Case of Major League Soccer in the United States, American Economist, 2011, 20-28

James W. Monks, Jared Husch, The Impact of Seeding, Home Continent, and Hosting on FIFA World Cup Results, Journal of Sports Economics, 2009, 391-408

James W. Monks, Who are the part-time faculty?, Academe, 2009, 33-37

James W. Monks, Matthew Luchansky, Supply and Demand Elasticities for the United States Ethanol Market, Energy Economics, 2009, 403-410

James W. Monks, Christopher Jones, Campaign Expenditures and Electoral Success, Virginia Social Science Journal, 2009, 35-54

James W. Monks, The Impact of Merit Based Financial Aid on College Enrollment: A Field Experiment, Economics of Education Review, 2009, 99-106

Erik D. Craft, James W. Monks, The Postbellum Demand for Cotton Revisited, Explorations in Economic History, 2008, 199-206

James W. Monks, The Relative Earnings of Contingent Faculty in Higher Education, Journal of Labor Research, 2007, 487-501

James W. Monks, Public versus Private University Presidents Pay Levels and Structure, Economics of Education Review, 2007, 338-348

James W. Monks, Making SAT Scores Optional in Selective College Admissions, Economics of Education Review, 2005, 393-405

James W. Monks, KimMarie McGoldrick, Gender Earnings Differentials Among College Administrators, Industrial Relations, 2004, 742-758

James W. Monks, An Empirical Examination of the Impact of College Financial Aid on Family Savings, National Tax Journal, 2004, 189-207

James W. Monks, Patterns of Giving to One's Alma Mater Among Young Graduates from Selective Institutions, Economics of Education Review, 2003, 121-130

James W. Monks, Loan Burdens and Educational Outcomes, Economics of Education Review, 2001, 545-550

James W. Monks, Economists' Publication Patterns, American Economist, 2001, 80-85

James W. Monks, Returns to Seniority in Academic Labor Markets, Journal of Labor Research, 2001, 415-427

James W. Monks, Gender and Racial Earnings Differentials in Academic Labor Markets, Economic Inquiry, 2000, 662-671

James W. Monks, The Academic Performance of Legacies, Economics Letters, 2000, 99-104

James W. Monks, The Returns to Individual and College Characteristics: Evidence from the National Longitudinal Survey of Youth, Economics of Education Review, 2000, 279-289

James W. Monks, Unionization and Faculty Salaries: New Evidence From the 1990s, Journal of Labor Research, 2000, 305-314

James W. Monks, Baseball Hall of Fame Voting: A Test of the Customer Discrimination Hypothesis, Social Science Quarterly, 1999, 591-603

James W. Monks, Gender Differences in Earnings Among Economics and Business Faculty, Economics Letters, 1999, 119-125

James W. Monks, The Effect of Uncertain Returns on Human Capital Investment Patterns, Atlantic Economic Journal, 1998, 413-419

James W. Monks, Trends in Voluntary and Involuntary Job Turnover, Industrial Relations, 1998, 440-459

James W. Monks, The Impact of College Timing on Earnings, Economics of Education Review, 1997, 419-423

Additional Publications

James W. Monks, Room for Debate: How Much Student Debt Is Too Much?, New York Times,

James W. Monks, US News and World Report College Rankings Matter, Change, 1999

James W. Monks, The Impact of US News and World Report College Rankings on Admissions Outcomes and Pricing Decisions at Selective Private Institutions, National Bureau of Economics Research Working Paper Series, 1999, 15

B.A., Union College 1987
Ph.D., Boston College 1995
Contact Information
367 Q
(804) 287-1959
(804) 289-8878 (Fax)
Areas of Expertise
Quantitative Analysis
Economics of Higher Education