{"id":291212,"date":"2018-01-10T08:58:47","date_gmt":"2018-01-10T13:58:47","guid":{"rendered":"http:\/\/www.rochester.edu\/newscenter\/?p=291212"},"modified":"2018-01-10T08:59:37","modified_gmt":"2018-01-10T13:59:37","slug":"bils-named-fellow-econometric-society-291212","status":"publish","type":"post","link":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/","title":{"rendered":"Mark Bils named fellow of the Econometric Society"},"content":{"rendered":"
\"Mark
Mark Bils, the Hazel Fyfe Professor in Economics. (Ä¢¹½´«Ã½ photo \/ J. Adam Fenster)<\/figcaption><\/figure>\n

Mark Bils<\/a>, has been elected a fellow of the Econometric Society<\/a>, an international organization dedicated to advancing economic theory in its relation to statistics and mathematics.<\/p>\n

Bils, the Hazel Fyfe Professor in Economics, is one of 20 fellows named to the society in 2017, and the fourth member of Rochester\u2019s economics department to be inducted into the society, following Ronald Jones (1971), William Thomson (1990), and Narayana Kocherlakota (2005).<\/p>\n

Bils\u2019s work has focused on how wages and prices respond to the business cycle, and the repercussions this has for fluctuations in employment. Bils has also studied the role of schooling in explaining a country\u2019s economic growth and has work measuring the economic impact of new and better consumer products.<\/p>\n

Among his most recent projects is a study published last June<\/a> exploring the reasons working hours among young males (ages 21-30) dropped during the 2000s. Bils\u2014along with economists Erik Hurst, Mark Aguiar, and Kerwin Charles\u2014found a correlation between a decline in working hours and an increase in leisure time.<\/p>\n

“In fact, the correlation in those hours was almost one for one,” says Bils. “And 80 percent of the increased leisure time hours was spent on video games and recreational computer use.”<\/p>\n

In a forthcoming paper in the American Economic Review<\/em>, Bils and coauthors Pete Klenow and Ben Malin ask what drives down employment and hours during recessions.<\/p>\n

“It’s not because wages fail to decline,” says Bils. “The drop in hours for wage and salaried workers is comparable to the drop in hours for the self-employed.\u00a0 And there is no wage bargaining, or \u201cwage stickiness\u201d, for the self-employed. We also see that the decline in demand for labor hours is mirrored for other firm inputs\u2014including intermediate inputs of all type.\u201d<\/p>\n

A graduate of Ohio State University, Bils earned his PhD in economics from MIT, and joined the Ä¢¹½´«Ã½ faculty in 1985.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bils\u2019s work has focused on how wages and prices respond to the business cycle, and is one of 20 fellows named to the prestigious international organization this year. <\/p>\n","protected":false},"author":16,"featured_media":291302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[486,23322,16072],"class_list":["post-291212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-university-news","tag-awards","tag-department-of-economics","tag-school-of-arts-and-sciences"],"acf":[],"yoast_head":"\nMark Bils named fellow of the Econometric Society<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mark Bils named fellow of the Econometric Society\" \/>\n<meta property=\"og:description\" content=\"Bils\u2019s work has focused on how wages and prices respond to the business cycle, and is one of 20 fellows named to the prestigious international organization this year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/\" \/>\n<meta property=\"og:site_name\" content=\"News Center\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-10T13:58:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-01-10T13:59:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rochester.edu\/newscenter\/wp-content\/uploads\/2018\/01\/fea-mark-bils.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Peter Iglinski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PiDaddy\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Peter Iglinski\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/\"},\"author\":{\"name\":\"Peter Iglinski\",\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/#\\\/schema\\\/person\\\/f7a217a901be900507c6e137448f5d5a\"},\"headline\":\"Mark Bils named fellow of the Econometric Society\",\"datePublished\":\"2018-01-10T13:58:47+00:00\",\"dateModified\":\"2018-01-10T13:59:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/\"},\"wordCount\":341,\"image\":{\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/fea-mark-bils.jpg\",\"keywords\":[\"awards\",\"Department of Economics\",\"School of Arts and Sciences\"],\"articleSection\":[\"University News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/\",\"url\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/\",\"name\":\"Mark Bils named fellow of the Econometric Society\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/fea-mark-bils.jpg\",\"datePublished\":\"2018-01-10T13:58:47+00:00\",\"dateModified\":\"2018-01-10T13:59:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/#\\\/schema\\\/person\\\/f7a217a901be900507c6e137448f5d5a\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/fea-mark-bils.jpg\",\"contentUrl\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/wp-content\\\/uploads\\\/2018\\\/01\\\/fea-mark-bils.jpg\",\"width\":1000,\"height\":600,\"caption\":\"Mark Bils\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/bils-named-fellow-econometric-society-291212\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Mark Bils named fellow of the Econometric Society\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/#website\",\"url\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/\",\"name\":\"News Center\",\"description\":\"Ä¢¹½´«Ã½\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/#\\\/schema\\\/person\\\/f7a217a901be900507c6e137448f5d5a\",\"name\":\"Peter Iglinski\",\"sameAs\":[\"https:\\\/\\\/x.com\\\/PiDaddy\"],\"url\":\"https:\\\/\\\/www.rochester.edu\\\/newscenter\\\/author\\\/peter-iglinski\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Mark Bils named fellow of the Econometric Society","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/","og_locale":"en_US","og_type":"article","og_title":"Mark Bils named fellow of the Econometric Society","og_description":"Bils\u2019s work has focused on how wages and prices respond to the business cycle, and is one of 20 fellows named to the prestigious international organization this year.","og_url":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/","og_site_name":"News Center","article_published_time":"2018-01-10T13:58:47+00:00","article_modified_time":"2018-01-10T13:59:37+00:00","og_image":[{"url":"https:\/\/www.rochester.edu\/newscenter\/wp-content\/uploads\/2018\/01\/fea-mark-bils.jpg","width":1000,"height":600,"type":"image\/jpeg"}],"author":"Peter Iglinski","twitter_card":"summary_large_image","twitter_creator":"@PiDaddy","twitter_misc":{"Written by":"Peter Iglinski","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/#article","isPartOf":{"@id":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/"},"author":{"name":"Peter Iglinski","@id":"https:\/\/www.rochester.edu\/newscenter\/#\/schema\/person\/f7a217a901be900507c6e137448f5d5a"},"headline":"Mark Bils named fellow of the Econometric Society","datePublished":"2018-01-10T13:58:47+00:00","dateModified":"2018-01-10T13:59:37+00:00","mainEntityOfPage":{"@id":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/"},"wordCount":341,"image":{"@id":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rochester.edu\/newscenter\/wp-content\/uploads\/2018\/01\/fea-mark-bils.jpg","keywords":["awards","Department of Economics","School of Arts and Sciences"],"articleSection":["University News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/","url":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/","name":"Mark Bils named fellow of the Econometric Society","isPartOf":{"@id":"https:\/\/www.rochester.edu\/newscenter\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/#primaryimage"},"image":{"@id":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/#primaryimage"},"thumbnailUrl":"https:\/\/www.rochester.edu\/newscenter\/wp-content\/uploads\/2018\/01\/fea-mark-bils.jpg","datePublished":"2018-01-10T13:58:47+00:00","dateModified":"2018-01-10T13:59:37+00:00","author":{"@id":"https:\/\/www.rochester.edu\/newscenter\/#\/schema\/person\/f7a217a901be900507c6e137448f5d5a"},"breadcrumb":{"@id":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/#primaryimage","url":"https:\/\/www.rochester.edu\/newscenter\/wp-content\/uploads\/2018\/01\/fea-mark-bils.jpg","contentUrl":"https:\/\/www.rochester.edu\/newscenter\/wp-content\/uploads\/2018\/01\/fea-mark-bils.jpg","width":1000,"height":600,"caption":"Mark Bils"},{"@type":"BreadcrumbList","@id":"https:\/\/www.rochester.edu\/newscenter\/bils-named-fellow-econometric-society-291212\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.rochester.edu\/newscenter\/"},{"@type":"ListItem","position":2,"name":"Mark Bils named fellow of the Econometric Society"}]},{"@type":"WebSite","@id":"https:\/\/www.rochester.edu\/newscenter\/#website","url":"https:\/\/www.rochester.edu\/newscenter\/","name":"News Center","description":"Ä¢¹½´«Ã½","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.rochester.edu\/newscenter\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.rochester.edu\/newscenter\/#\/schema\/person\/f7a217a901be900507c6e137448f5d5a","name":"Peter Iglinski","sameAs":["https:\/\/x.com\/PiDaddy"],"url":"https:\/\/www.rochester.edu\/newscenter\/author\/peter-iglinski\/"}]}},"_links":{"self":[{"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/posts\/291212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/comments?post=291212"}],"version-history":[{"count":3,"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/posts\/291212\/revisions"}],"predecessor-version":[{"id":291332,"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/posts\/291212\/revisions\/291332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/media\/291302"}],"wp:attachment":[{"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/media?parent=291212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/categories?post=291212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rochester.edu\/newscenter\/wp-json\/wp\/v2\/tags?post=291212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}