Michael Jones

Headshot of Michael Jones, PhD

Michael Jones, PhD

Assistant Professor - Educator, Department of Economics

324 Carl H. Lindner Hall


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


Oversee graduate program, recruit new students, review curriculum, assist with job placement, coordinate experiential learning

Dates: 2016-08-15


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


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