Areas of Interest
Economics of Higher Education, Applied Microeconomics
Primary Academic Positions
2022- Professor (with Tenure), DePauw University, Greencastle, IN
2014-2022 Associate Professor (with Tenure), DePauw University, Greencastle, IN
2008-2014 Assistant Professor, DePauw University, Greencastle, IN
External Affiliations
2020- Research Fellow, Institute for the Study of Labor (IZA), Bonn, Germany
2020- Fellow, Global Labor Organization (GLO), Essen, Germany
Visiting Academic Positions
2015-2017 Visiting Associate Professor, Indiana University Bloomington, Bloomington, IN
2007-2008 Visiting Assistant Professor, Washington and Lee University, Lexington, VA
Education
2007 Ph.D. in Economics, Indiana University Bloomington, Bloomington, IN
2003 MA in Economics, Indiana University Bloomington, Bloomington, IN
2001 MA in Economics, Delhi School of Economics, New Delhi, India
1998 BA (Honors) in Economics, University of Delhi, New Delhi, India
Research and Professional Development
Publications
- Raghav, M., & Diette, T.M. (2022). Greek Myth or Fact? The Role of Greek Houses in Alcohol and Drug Violations on American Campuses. Applied Economics, 54(55), 6406-6417.
- Toutkoushian, R., & Raghav, M. (2021). Estimated Profit: A Look at the Excess Revenues of Private Four-Year Nonprofit Postsecondary Institutions. Education Finance and Policy, 16(1), 125-145.
- Diette, T.M., & Raghav, M. (2018). Do GPAs Differ Between Longer Classes and More Frequent Classes at Liberal Arts Colleges? Research in Higher Education, 59(4), 519-527.
- Barreto, H., & Raghav, M. (2017). An Introduction to Understanding and Teaching Within-Cluster Correlation in Complex Surveys. Eastern Economic Journal, 43(4), 727–728.
- Diette, T. M., & Raghav, M. (2017). Does the Early Bird get the Worm or a Lower GPA? Evidence from a Liberal Arts College. Applied Economics, 49(33), 3341-3350.
- Diette, T. M., & Raghav, M. (2016). A student’s dilemma: Is There a Trade-Off Between a Higher Salary or Higher GPA. Education Economics, 24(6), 612-621.
- Diette, T. M., & Raghav, M. (2015). Class Size Matters: Heterogeneous Effects of Larger Classes on College Student Learning. Eastern Economic Journal, 41(2), 273-283.
- Barreto, H., & Raghav, M. (2013). Understanding and teaching unequal probability of selection. Journal of Econometric Methods, 2(1), 101-112.
- Rasmusen, E., Raghav, M., & Ramseyer, M. (2009). Convictions versus conviction rates: the prosecutor’s choice. American Law and Economics Review, 11(1), 47-78.
Working Papers
- Before and After Title IX Changes: Do Policy Interventions Increase Reporting of Sex-Related Crimes on College Campuses? [Coauthored with Laura Crispin]
- How Affluence is distributed in American Academia: An Analysis of Endowments [Coauthored with Robert Toutkoushian]
- Why Some Campuses are Safer than Others: A Panel Data Study of US Higher Education [Coauthored with Timothy M. Diette]
- Variation of College Tuition Rates Over Institutional Characteristics: A Panel Data Regression Study
- Tuition Rates of Public Colleges and Universities, Institutional and State Characteristics, and Intra- and Inter-State Variations: Evidence from American Colleges and Universities
Work-in-Progress
- Is Tenure System a Luxury for a University? Relationship between Existence of Tenure System and University Finances
- Quality versus Quantity Trade-off for Faculty Members? A Study of the Relationship between Faculty Salaries and Faculty Size at American Colleges and Universities
- The Growth of Administrators in Academia: Evidence from American Colleges and Universities
- To be Tenured or Not to be? That is the Question: Effects of Tenure System on Faculty Salaries
- University Price Discrimination, Student Loans, and Human Capital Accumulation [Coauthored with Gerhard Glomm]
Presentations
- Southern Economic Association (SEA) Conference (Online/Remote), New Orleans, LA, November 2020. Paper Presented: Greek Myth or Fact? The Role of Greek Houses in Alcohol and Drug Violations on American Campuses.
- Southern Economic Association (SEA) Conference, Ft Lauderdale, FL, November 2019. Paper Presented: How Affluence is distributed in American Academia: An Analysis of Endowments
- Southern Economic Association (SEA) Conference, Washington DC, November 2018. Paper Presented: Greek Myth or Fact? The Role of Greek Houses in Alcohol and Drug Violations on American Campuses.
- Faculty Scholarly and Artistic Forum, DePauw University, September 5, 2018. Topic Presented: Class Sizes, Course Timebanks, and Student Outcomes.
- Southern Economic Association (SEA) Conference, Washington DC, November 2016. Papers Presented: Determinants of Profit at Not-for-Profit Institutions of Higher Education; More Often vs More Each Time? The Number of Class Meetings Per Week and College Achievement; For Those Who Have, More will be Given: An Analysis of University Endowments.
- Midwest Economic Association (MEA) Conference, Evanston IL, April 2016. Paper Presented: Does the Early Bird get the Worm or a Lower GPA? Evidence from a Liberal Arts College.
- Southern Economic Association (SEA) Conference, New Orleans LA, November 2015. Paper Presented: Does the Early Bird get the Worm or a Lower GPA? Evidence from a Liberal Arts College.
- Southern Economic Association (SEA) Conference, Tampa FL, November 2013. Paper Presented: Does the Early Bird get the Worm or a Lower GPA? Evidence from a Liberal Arts College.
- Midwest Economic Association (MEA) Conference, Columbus OH, March 2013. Paper Presented: A Student’s Dilemma: Higher Salary or Higher GPA.
- Southern Economic Association (SEA) Conference, New Orleans LA, November 2012. Paper Presented: A Student’s Dilemma: Higher Salary or Higher GPA.
- Midwest Economic Association (MEA) Conference, Evanston IL, March 2012. Paper Presented: Class Size Matters: Effects of Larger Classes on Overall Student Learning and Learning of Disadvantaged Students.
- Annual American Economic Association (AEA) Conference on Teaching Economics and Research in Economic Education, Palo Alto CA, June 2011. Paper Presented: Teaching and Understanding Unequal Probability of Selection.
- The Association for the Study of Higher Education (ASHE) Meeting, Indianapolis IN, November 2010. Paper Presented: Grades: The Currency in the Academic World and their Variation across Departments.
- Faculty Research Colloquium, DePauw University, Greencastle IN, April 2010. Paper Presented: Teaching and Understanding Unequal Probability of Selection.
- Midwest Law and Economics (MLEA) Conference, Northwestern University, Chicago IL, October 2008. Paper Presented: Why do Budgets Received by State Prosecutors Vary Across Districts in the United States?
- Department of Economics Seminar, Washington and Lee University, Lexington VA, November 2007. Paper Presented: Why do Budgets Received by State Prosecutors Vary Across Districts in the United States?
- Midwest Law and Economics Conference (MLEA), Lawrence KS, October 2006. Paper Presented: Assistant Prosecutors: Why do their Numbers Vary Across Districts in the United States?
- Business School Seminar, IUPUI, Indianapolis IN, December 2005. Paper Presented: Convictions Versus Conviction Rate: The Prosecutor’s Choice.
- Midwest Law and Economics Conference (MLEA), Chicago IL, October 2005. Paper Presented: Convictions Versus Conviction Rate: The Prosecutor’s Choice.
Awards/Fellowships/Scholarships
- Allen A. Wilkinson Faculty Fellowship (2022-2025) ($21,000): It is a competitive grant given by DePauw University for three academic years. It comes with a teaching reduction of one course each academic year, a salary supplement, and a research fund for three academic years.
- Faculty Summer Stipend (Summer 2022) ($3,000): A competitive grant that gives summer salary support to a faculty to work on a project.
- Fisher Fellowship (Spring 2021) ($6,000, Full Salary and Benefits for a Semester): It is a competitive university-wide fellowship given to one faculty member each academic year at DePauw University to finish a project. This includes a stipend as well as a semester-long sabbatical leave at full pay and benefits.
- Tenzer Technology Center Summer Stipend (Summer 2020) ($2,500): A competitive grant that gives summer salary support to a faculty to work on a project.
- Hiram L. Jome Endowed Professorship, DePauw University (2018-2023): Endowed Chair with an annual salary supplement and a research fund.
- Asher Fund in the Social Sciences (Fall 2013) ($1,200): A competitive grant to pay toward research expenses in a project.
- Moberly Faculty Development Grant for Faculty-Student Summer Research (Summer 2011) ($2,500): A competitive grant that gives a summer salary support to a faculty and a stipend to a student for working on a joint research project along with funds for the project.
- Fisher Course Release Award (Fall 2010): A competitive grant that gives a course reduction in one semester to finish proposed research projects.
- Alumni Associate Instructor Award (April 2006): It is given to one graduate student each year by Department of Economics at Indiana University for excellence in teaching.
- Chancellor’s Fellowship from Indiana University (2002-2007): The highest university-wide fellowship that Indiana University gives to incoming doctoral students each year.
- Delhi School of Economics Merit Scholarship (1998-1999): It is awarded to two MA students each year out of a cohort of seventy-five students based on the ranking in the entrance exam and interview.
Software
C/C++, Fortran, Matlab, Python, R, Stata
Continuing Education/Short Courses/Workshops
American Economic Association (AEA) Continuing Education (Mastering Mostly Harmless Econometrics), January 2020
American Economic Association (AEA) Continuing Education (Time-Series Econometrics), January 2019
Human Subjects Research Online Course, Indiana University Bloomington, Fall 2015
Statistical Learning Online Course, Stanford University, Spring 2015
Stata Introduction to Panel Data Using Stata Online Course (NetCourse 471), Spring 2015
American Economic Association (AEA) Continuing Education (Health Economics), January 2015
American Economic Association (AEA) Continuing Education (Cross-Section Econometrics), January 2014
Casual Inference Workshop at Northwestern University, Chicago, June 2013
American Economic Association (AEA) Continuing Education (Econometrics), January 2012
Stata Advanced Programming Online Course (NetCourse 152), Spring 2011
Casual Inference Workshop at Northwestern University, Chicago, August 2010
Stata Workshop, Washington DC, July 2009
Teaching
Teaching Interests
Asian Economies, Comparative Economic History, Comparative Economic Systems, Computational Economics, Economics of Education, Game Theory, Growth Economics, Health Economics, History of Economic Thought, Inequality and Poverty, Intermediate Macroeconomics, Introductory Econometrics, Labor Economics, Law and Economics, Microeconometrics, Statistics for Business and Economics, Intermediate Microeconomics, Time Series Analysis
Courses Taught
Econometrics, Economics of Education, Economics of Higher Education, Health Economics, Intermediate Microeconomics, Introduction to Economics, Labor Economics, Law and Economics, Principles of Microeconomics, Statistical Analysis for Business and Economics
Teaching or Leading Workshops, Roundtables, and Presentations
Faculty Development Roundtable, DePauw University, October 2022: Topic: Quantitative Reasoning Across the Disciplines
Faculty Development Roundtable, DePauw University, September 2018: Topic: Course Timebanks and Learning Outcomes
Monte Carlo Simulations in Excel and Stata, DePauw University [with Humberto Barreto], May 2009
Teacher Training and Teaching Workshops
DePauw Implicit Bias Training, September 2022
DePauw HHMI Inclusive Excellence Sponsored Workshop, June 2022: Valuing what Matters: An Institutional Commitment to the Successful Tenure, Promotion, and Advancement of a Diverse Professoriate.
Liberal Arts Colleges Racial Equity Leadership Alliance eConvening, University of Southern California Race and Equity Center, October 2021: Supporting and Retaining Faculty of Color.
Liberal Arts Colleges Racial Equity Leadership Alliance eConvening, University of Southern California Race and Equity Center, May 2021: Confronting Explicit Acts of Racism and Racial Violence on Campus.
Liberal Arts Colleges Racial Equity Leadership Alliance eConvening, University of Southern California Race and Equity Center, April 2021: Accountability and Incentives for Advancing Racial Equity.
Liberal Arts Colleges Racial Equity Leadership Alliance eConvening, University of Southern California Race and Equity Center, March 2021: Fostering and Sustaining Inclusive Classrooms for Students of Color.
Presentation by Dr. Shaun Harper, University of Southern California Race and Equity Center, February 2021: Diversity, Equity, and Inclusion (DEI) being a Strategic Imperative in Higher Education.
American Economic Association (AEA) Annual Teaching Conference, Chicago, May 2013
Reacting to the Past Institute, Barnard College, New York, June 2012
American Economic Association (AEA) Annual Teaching Conference, Cambridge MA, May 2012
Course Design Workshop, DePauw University, January 2012
American Economic Association (AEA) Annual Teaching Conference, Stanford University, May 2011
Q workshop, DePauw University, June 2010
This was a three-day workshop about teaching and evaluating quantitative reasoning in various types of courses.
Teaching Economics with Microsoft Excel, DePauw University, June 2010
S workshop, DePauw University, May 2010
New Faculty Advisor Workshop, DePauw University, August 2009
American Economic Association (AEA) Teaching Innovation Program (TIP) workshop, June 2009
W workshop, DePauw University, August 2008
Service
Service Work for DePauw University
Business Analytics Major Proposal Creation Working Group (Spring 2022); Faculty Personnel Policy and Review Committee (Academic Year 2021-22); Subcommittee to Select Students for Presidential Search Committee (Fall 2019); Panelist in Staying Active as a Scholar Session at New Faculty Orientation (Fall 2019); Faculty Priorities and Governance Committee (Academic Year 2018-19); Health Benefits Committee (Summer and Fall 2018); Mentoring a New Faculty Matched by Faculty Development Committee (Academic Year 2017-18, 2021-22); Resource Allocation Subcommittee (Academic Years 2012-2015, Academic Years 2021-2023); Committee on Administration (Fall 2012 and Academic Year 2013-14); Management of Academic Affairs Committee (Fall 2010); Faculty Development Committee (Academic Year 2009-10); Grievance Committee (February 2020-January 2022, February 2018-January 2019, February 2014-January 2015); Management Fellows Interviews (Spring 2012, Spring 2013, Spring 2014, and Spring 2019); Rector Scholar Interviews (Spring 2019); Office of Admission Volunteer Work (2012-14); Help with Acquiring a High-Performance Computer for DePauw University (Spring 2012 to Fall 2013)
Service Work for Department of Economics and Management, DePauw University
Interim Review Personnel Committee (Fall 2009, Fall 2017, Fall 2018); Tenure Review Personnel Committee (Spring 2010); Promotion to Full Professor Review Personnel Committee (Spring 2012 and Fall 2012); Tenure and Promotion Review (Spring 2013); Search Committee for Tenure-Track Position Hiring (2014-15, 2019-20 [two positions], 2021-22 [two positions], 2022-23 [three positions]); Search Committee for One-year Term Position Hiring (Spring 2010, Spring 2012, Spring 2013, Spring 2018, Spring 2019 [two positions], Spring 2021 [three positions], Summer 2022 [two positions]); Search Committee for a Part-Time Position Hiring (Fall 2017); Represented Department in Admission Open House (February 2013, April 2013, and February 2014); Created and Continue to Manage DePauw Economics Working Paper Series over IDEAS and RePEc (Fall 2013-Present); Departmental S-liaison (Spring 2012-Fall 2014)
Professional Service
- Conference Session Chair: Midwest Economic Association Annual Conference (2013); Southern Economic Association Annual Conference (2016, 2018); Western Economic Association International Annual Conference (2021)
- Conference Discussant: Midwest Economic Association Annual Conference (2011, 2012, 2013, 2016); Southern Economics Association Annual Conference (2012, 2013, 2015, 2016, 2018, 2019); Allied Social Sciences Association/ASSA (2021); Western Economic Association International Annual Conference (2021)
- Conference Sessions Organizer: Midwest Economic Association Annual Conference (2013, 2017); Southern Economic Association Annual Conference (2021); Western Economic Association International Annual Conference (2021)
- External Reviewer of Tenure and Promotion Candidates: Summer 2017, Fall 2018, Fall 2022
- Refereeing Activities
Academic Journals
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- Education Economics; Eastern Economic Journal; Economics of Education Review; Educational Researcher; Higher Education; Journal of Empirical Legal Studies; Journal of Human Resources; Southern Economic Journal
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Others (Textbook Publishers, etc.)
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- Routledge; Worth Publishers; Cambridge University Press
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Professional Memberships
American Economic Association, Southern Economic Association, Western Economic Association, National Economic Association