Headshot of James  Monks

James Monks

Professor of Economics

  • Profile
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    • Grants and Fellowships

      Sloan Foundation: $38,287: the labor supply decisions of highly educated couples, 2007.

      Spencer Foundation: $36,825: merit-based scholarship effects on enrollment, 2006.

      WT Grant Foundation: $25,000: the impact of Title IX on college admissions, 2005.

    • Awards

      University of Richmond, Robins School of Business Outstanding Service Award, 2014.

      University of Richmond, Distinguished Educator Award, 2009.

      University of Richmond, Robins School of Business Outstanding Teacher Award, 2008.

      University of Richmond, Robins School of Business Outstanding Scholarship Award, 2005.

    • Presentations

      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

    • Memberships

      American Economic Association

      Commitee on the Economic Status of the Profession, American Association of University Professors

    • Professional Experience

      Previous positions include:

      Department of Economics Full Professor: 2015-present.
      Associate Dean of Undergraduate Business Programs: 2015-2018.
      Director of Assessment and Accreditation, Robins School of Business: 2014-2018.
      Tenured, Associate Professor: 2007-2014.
      Assistant Professor: 2001-2006.
      Courses taught include Business Statistics, Econometrics, Advanced Econometrics, Mathematical Economics, Microeconomic Theory, Senior Economics Capstone, and the Honors Research Seminar.

      CONSORTIUM ON FINANCING HIGHER EDUCATION (COFHE): Senior Economist: Economic analysis of issues confronting private, selective institutions of higher education, including costs of providing education, financial aid, educational outcomes, academic labor markets, and higher education finance. 1998-2001.

      WELLESLEY COLLEGE: Department of Economics: Adjunct Professor Introduction to Microeconomics, Intermediate Microeconomics, and Corporate Finance. 1999-2001.

      MOUNT HOLYOKE COLLEGE: Department of Economics: Visiting Assistant Professor: Introduction to Economics, Introduction to Microeconomics, Intermediate Microeconomics, Econometrics, Corporate Finance, Labor Economics, and Environmental Economics. 1995-1998.

      GENERAL ELECTRIC COMPANY, Financial Management Program Financial Analyst: Positions in cost accounting, government compliance, pricing, financial analysis and reporting, and international operations. 1987-1990.

    • 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
    Journal Articles

    "University Presidential Searches: An Empirical Examination of Internal Versus External Hiring." (2022) Eastern Economics Journal.vol.48(4):580-601.

    "Measuring Faculty Teaching Effectiveness Using Conditional Fixed Effects." co-authored with Maia Linask. (2018). Journal of Economic Education. vol. 49(4):324-339.

    "Institutional Variation in Enrollment of Low-Income Students: The Role of Prices, Financial Aid Policies and Selectivity." (2018). Journal of Student Financial Aid. vol. 48(1): 53-70.

    "The Role of Institutional and State Aid Policies on Average Student Debt." (2014) ANNALS of the American Academy of Political and Social Science. vol. 655: 123-142.

    "Job Turnover among University Presidents in the United States." (2012) Journal of Higher Education Policy and Management. vol 34(2): 139-152.

    "The Impact of Class Size on Outcomes in Higher Education." co-authored with Robert Schmidt. (2011) B.E. Journal of Economic Analysis and Policy: Contributions vol 11(1): 1-17.

    "Monopsony and Salary Suppression: The Case of Major League Soccer in the United States." co-authored with John Twomey (University of Richmond undergraduate) (2011). The American Economist Spring 2011, vol 56(1): 20-28.

    "The Impact of Seeding, Home Continent, and Hosting on FIFA World Cup Results." co-authored with Jared Husch (University of Richmond undergraduate) (2009) Journal of Sports Economics August 2009, vol 10(4): 391-408.

    "Supply and Demand Elasticities in the United States Ethanol Market." co-authored with Matthew Luchansky (University of Richmond undergraduate) (2009) Energy Economics May 2009, vol 31(3): 403-410.

    "Campaign Expenditures and Electoral Success." co-authored with Christopher Jones. (University of Richmond undergraduate) (2009) Virginia Social Science Journal February 2009, vol 44: 35-54.

    "The Impact of Merit Based Financial Aid on College Enrollment: A Field Experiment." (2009) Economics of Education Review. February 2009, vol 28(1): 99-106.

    "The Postbellum Demand for Cotton Revisited" with Erik Craft. (2008). Explorations in Economic History. April 2008, vol 45(2):199-206.

    "The Relative Earnings of Contingent Faculty in Higher Education." (2007) Journal of Labor Research Summer 2007, vol 28(3):487-501.

    "Public versus Private University Presidents Pay Levels and Structure." (2007) Economics of Education Review June 2007, vol 26(3):338-348.

    "Making SAT Scores Optional in Selective College Admissions: A Case Study." co-authored with Michael Robinson. (2005) Economics of Education Review. August 2005, vol 24(4):393-405.

    "Gender Earnings Differentials Among College Administrators." co-authored with KimMarie McGoldrick. (2004) Industrial Relations October 2004, vol 43(4):742-758.

    "An Empirical Examination of the Impact of College Financial Aid on Family Savings." (2004) National Tax Journal. June 2004, vol 57(2):189-207.

    "Patterns of Giving to One's Alma Mater Among Young Graduates from Selective Institutions." (2003) Economics of Education Review. October 2003, vol. 22(2):121-130.