Michael Jones

Headshot of Michael Jones, PhD

Michael Jones, PhD

Associate Professor - Educator, Department of Economics

2428 Carl H. Lindner Hall

513-556-2491

Michael Jones is an Assistant Professor, Educator at the University of Cincinnati. He earned his Ph.D. in Economics at the University of Notre Dame and his M.B.A. from the University of Cincinnati. Prior to receiving his Ph.D., he worked as a Senior Research Analyst for the Nielsen Company and as a Senior Business Development Manager at Cincinnati Bell.

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Teaching Interest
Principles of Microeconomics, Principles of Macroeconomics, Econometrics

Research Interest
Labor Economics, Public Economics, Economics of Education

Assignments
Academic Director for Kautz‑Uible Economics Institute. Oversee undergraduate and graduate research projects and co-ordinate workshops and events for community.
Dates: 2019-08-15

Oversee graduate program, recruit new students, review curriculum, assist with job placement, coordinate experiential learning
Dates: 2016-08-15

Education
Institution: University of Notre Dame
Location: South Bend, IN
Major: Economics
Completed: 2012
Degree: PhD

Institution: University of Cincinnati
Location: Cincinnati, OH
Major: Management, International Business
Completed: 2007
Degree: MBA

Institution: University of Kentucky
Location: Lexington, KY
Major: Computer Science
Completed: 2003
Degree: BS

Published Contributions
Michael Jones, Lu ,  (2017). Regional Job Multipliers. Applied Economics Letters.

Michael Jones, Maxwell Baltzersen,  (2017). Using Twitter for Economics Business Case Discussions in Large Lectures . International Review of Economics Education, 14-18.

Michael Jones, Michael Hartney,  (2017). Show Who the Money? Teacher Sorting Patterns and Performance Pay across US School Districts. Public Administration Review.

Michael Jones,  (2017). The Importance of Getting Nonprofit Compensation Right. Tax Notes.

Michael Jones,  (2016). Cigarette Taxes in Ohio. Business Case Journal.

Michael Jones,  (2016). Yes, robots will steal our jobs, but don't worry, we'll get new ones.. The Conversation.

Michael Jones,  (2015). Why the World Still Needs Nonprofits. The Conversation.

Michael Jones,  (2015). How do Teachers Respond to Tenure?. IZA Journal of Labor Economics, 20.

Michael Jones,  (2013). Teacher Behavior under Performance Pay Incentives. Economics of Education Review, 148-164.

Accepted Contributions
Michael Jones,  (Accepted). The Most Hated CEO in America. Case Research Journal.

Research in progress
Title: Crime Reduction and Job Readiness Programs
Description: In this paper, I estimate the effect of a job readiness program, Cincinnati Works, on criminal behavior over a five year time period. I utilize Amazon.com’s Mechanical Turk service to create a dataset of administrative, criminal records to calculate the reduction in felony charges. I find that Cincinnati Works members are nine percentage points less likely to be charged with a felony compared to non Cincinnati Works members. This reduction in crime is driven by those individuals who were not previously felons. After a benefit-cost analysis, I find that Cincinnati Works generates a net benefit of $143,005.
Research Type: Scholarly

Title: Regional Job Multipliers
Description: Job multipliers are often cited as justification for economic development incentives in particular industries. In this paper, we use quarterly, QCEW data for counties in the State of Ohio to estimate the tradable sector’s job multiplier. We find that for each additional job in the tradable sector over a ten year period, there are 1.6 jobs created in the nontradable sector. This multiplier estimate is lower for shorter periods of one and three years. For the manufacturing sector specifically, we find the multiplier effect to be 1.2 jobs in the non-tradable sector over a ten year period. We also provide evidence that the job multiplier varies over time. During the recessionary period of 2008 and 2009, the job multiplier appears lower compared to the time period preceding and proceeding the recession.
Research Type: Scholarly

Title: Show Who the Money? Does Performance Pay Attract Higher Quality Teachers?
Description: Advocates of teacher pay-for-performance often claim that redesigning teacher compensation systems to include performance incentives will reshape entry into the profession leading to a higher quality teaching force in the long run. However, the link between performance pay and teacher selection is largely untested in the research literature on teacher compensation. Drawing on the Schools and Staffing Survey (SASS) we find that, on average, districts that implemented performance pay to reward excellence in teaching secured new teacher hires who graduated from colleges and universities with average incoming SAT scores that were about 30 points higher than the new teacher cohorts hired by districts that did not adopt performance pay programs. These findings are robust to a variety of model specifications and persist even when we control for districts’ use other pay recruitment incentives including: market-pay, hard-to-staff schools pay, and more generous baseline salaries. However, this performance pay effect appears to fade out when the labor market is soft.
Research Type: Scholarly

Title: The Role of Information in Determining Nonprofit Executive Compensation
Description: The IRS requires that nonprofit CEOs not receive "excessive compensation." I run an experiment where students are provided with the assets, revenues, size, and age of an organization. Students are then asked to predict the CEO's salary. I run three treatment cells with 1) students only seeing similar organizations' salary information 2) seeing only the name and mission of the organization and 3) seeing both the name and the peer salary information.
Status: On-Going
Research Type: Scholarly

Presentations
Title: Ohio Commercial Outlook 2020
Organization: Ohio Realtors
Location: Cincinnati, OH 
Year: 2019

Title: Automation-Resistant Majors
Location: Chicago, Illinois
Year: 2019

Title: More Meaning, Less Data: The Need for Data Literacy
Organization: University of Delhi, Shri Ram College of Commerce
Location: Delhi, India
Year: 2019

Title: More Meaning, Less Data: The Need for Data Literacy
Organization: University of Delhi, Miranda House
Location: Delhi, India
Year: 2019

Title: More Meaning, Less Data: The Need for Data Literacy
Organization: Symbiosis University - Pune
Location: Pune, India
Year: 2019

Title: More Meaning, Less Data: The Need for Data Literacy
Organization: FLAME University
Location: Pune, India
Year: 2019

Title: More Meaning, Less Data: The Need for Data Literacy
Organization: HR College
Location: Mumbai, India
Year: 2019

Title: Predicting the Value of Tax Incentive Applications
Organization: OEDA
Location: Columbus, Ohio
Year: 2018

Title: Economics Trends in Cincinnati
Organization: Leadership Ohio
Location: Cincinnati, OH
Year: 2018

Title: Nonprofit Landscape
Organization: United Way
Location: Cincinnati, OH
Year: 2018

Title: Economic Applications of Big Data
Organization: Delhi University
Location: Delhi, India
Year: 2017

Title: Polling the Economy: What's Trending?
Organization: TACR
Year: 2016

Title: Nonprofit Sector Overview
Organization: United Way
Year: 2016

Title: Nonprofit Sector Overview
Organization: United Way
Year: 2016

Title: School Enrollment Forecasting
Organization: Association of Universities for Business and Economic Research (AUBER)
Location: Orlando, Florida
Year: 2015

Title: Standards for Economic Development Incentives
Organization: Ohio Economic Development Association
Location: Columbus, Ohio
Year: 2015

Title: Crime Reduction and Job Readiness Programs
Organization: Cleveland Federal Reserve
Location: Cleveland, OH
Year: 2015

Title: Governor Kasich's Budget Proposal
Organization: Economics Center, University of Cincinnati
Location: Cincinnati, OH
Year: 2015

Title: Cincinnati Budget Forecast
Organization: City of Cincinnati
Location: Cincinnati, OH
Year: 2015

Title: A Business Relocation Tool
Organization: Association for University Business and Economic Research
Location: Portland, OR
Year: 2014

Title: Hospitals and Economic Development
Organization: OHA
Location: Columbus, OH
Year: 2014

Title: How Feasible are Hiring Goals
Organization: Association for University Business and Economic Research
Location: Richmond, VA
Year: 2013

Title: Economic Value of Signage
Organization: National Signage Foundation
Location: Cincinnati, OH
Year: 2013