Faculty Awards



  • Katherine L. Milkman – Award for the Best 2019 Academy of Management Journal Article, 2020
  • Katherine L. Milkman – The Robert B. Cialdini Prize from SPSP, 2020
  • Katherine L. Milkman – Named a Fellow of the Association for Psychological Science, 2020
  • Corinne LowCompassionate Communities Award, 2020 Description

    BEPP’s Corinne Low and Melissa E. Sanchez of the English department win 2020 Compassionate Community Award for their work creating Open Hearts Initiative

    Two Penn professors, Melissa E. Sanchez (English, Comp Lit, GSWS) and Corinne Low (Wharton) have learned that an organization that they lead, the Upper West Side Open Hearts Initiative, won the 2020 NYC Coalition for the Homeless Compassionate Community Award. Low co-founded the Open Hearts Initiative to support the residents of three shelters that have been temporarily relocated to Upper West Side hotels to reduce crowding and stop the spread of Covid-19. Sanchez soon joined the leadership committee. Working with shelter residents and care providers and local neighbors, schools, businesses, and religious leaders, Open Hearts has provided unhoused New Yorkers with moral and material support. As part of this effort, Open Hearts has organized community art events to show shelter residents welcome and support; rallies, marches, and sleep-outs; voter registration drives; addiction and recovery counseling; and drives in which people can donate food, supplies, clothing, and Metrocards. Amidst NYC budget cuts on the one hand and wealthy residents’ opposition to neighborhood shelters on the other, Open Hearts has sought to engage shelter residents in representing their own needs and interests. Sanchez and Low agree that the most meaningful evaluation of Open Hearts’ impact comes from unhoused persons themselves: “Since coming to the Upper West Side community and experiencing a negative backlash from a small minority of community residents, it was refreshing for there to emerge a bigger group, under the banner of UWS Open Hearts Initiative, that showed me and my fellow residents what love is in every sense of the word,” said a Lucerne resident who goes by the moniker Da Homeless Hero. “As a person who is affected by generational trauma, I am grateful for the expression of love and support presented by the UWS Open Hearts Initiative and look forward to continuing to work with them to make our experience in this community a healthy and beneficial experience.”

    More details about the award can be found at https://www.coalitionforthehomeless.org/compassionate-communities-award-2020/, and more details about the work of Open Hearts can be found at https://www.uwsopenhearts.org/. For a short video capturing a voter registration drive organized by Open Hearts (with a voiceover by Sanchez), see https://twitter.com/UWSOpenHearts/status/1308058403143639043.

  • Ulrich Doraszelski – Dean’s Research Fund, Wharton School, University of Pennsylvania, 2010, 2015, 2019 and 2020, 2020


  • Joseph Gyourko – Wharton Teaching Excellence Reward Recipient, 2018
  • Todd Sinai – Wharton Teaching Excellence Reward Recipient, 2018


  • Katherine L. Milkman – Finalist for the Thinkers50 Radar Award, 2017
  • Katherine L. Milkman – William F. O’Dell Award for the Most Impactful 2012 Journal of Marketing Research Article, 2017
  • Olivia S. Mitchell – ICA Best Paper Award on Behavioral Aspects of Insurance Mathematics: Maurer, Raymond, Olivia S. Mitchell, Ralph Rogalla, and Tatjana Schimetschek. For their paper entitled “Optimal Social Security Claiming Behavior under Lump Sum Incentives: Theory and Evidence”, 2017
  • Olivia S. Mitchell – Roger F. Murray First Prize – Institute for Quantitative Research in Finance, 2017
  • Olivia S. Mitchell – EBRI Lillywhite Award, 2017






  • David F Babbel – Who’s Who in America, Who’s Who in the World, 1986-2012
  • Joseph Harrington – Cátedras de Excelencia (Chair of Excellence), Departamento de Economía, Universidad Carlos III de Madrid, Sept 2012 – Dec 2012, 2012
  • Joseph Harrington – President (2012-13) and Vice President (2010-11), Industrial Organization Society, 2012
  • Katherine L. Milkman – Dorinda and Mark Winkelman Distinguished Scholar Award, 2012
  • Joseph Harrington – National Science Foundation Grant, 2012-2015
  • Mark V. Pauly – Victor R, Fuchs Lifetime Achievement Award from ASHEcon, 2012
  • Judd B. KesslerNamed “30 under 30” in Law and Policy by Forbes Magazine, 2012
  • Judd B. Kessler – Robert Wood Johnson Foundation and the Donaghue Foundation Pioneer Portfolio Grant Recipient, 2012 Description

    Project Title: “Using Behavioral Economics to Promote Medication Adherence and Habit Formation” (with Dmitry Taubinsky and Eric Zwick)

    Total Received for Project: $150,400

    • Robert Wood Johnson Foundation’s Pioneer Portfolio and the Donaghue Foundation ($100,000)
    • Sub-Award from Laibson/Madrian Grant ($30,000)
    • Lab for Economic Applications and Policy at Harvard ($12,000)
    • Penn-CMU Roybal Grant ($8,400)
  • Mark V. Pauly – University of Pennsylvania Provost’s Award for Distinguished Ph.D. Teaching and Mentoring, 2011-2012
  • Mark V. Pauly – William B. Graham Prize for Health Services Research from the Baxter International Foundation and the Association of University Programs in Health Administration, 2012
  • Mark V. Pauly – President of the American Society of Health Economics, 2012
  • Jean Lemaire – Wharton Undergraduate Excellence in Teaching Award, 2012



  • Joseph Gyourko – Excellence in Teaching Awardee, 2010 Description

    The Excellence in Teaching Awards are awarded annually to eight (8) MBA faculty members who receive the highest average instructor rating on their course evaluation forms over the three prior semesters. The course evaluation forms are filled out by the students at the conclusion of every course.

  • Joseph Harrington – Honorable Mention for the Jerry S. Cohen Memorial Fund Writing Award for antitrust scholarship, 2010
  • Iwan BarankaySloan Research Fellowship, 2010
  • Olivia S. Mitchell – Top 50 Women in Wealth, Wealth Management, 2010
  • Olivia S. Mitchell – Retirement Income Industry Association Award for Achievement in Applied Retirement Research, 2010


  • Ulrich Doraszelski – NFS Grant No. SES-0924380, “Collaborative Research: Measuring the Bias of Technological Change,” with Jordi Jaumandreu, 2009-2011


  • Katherine L. Milkman – The Wyss Award from Harvard Business School for Excellence in Doctoral Research, 2008
  • Olivia S. Mitchell – Roger F. Murray First Prize – Institute for Quantitative Research in Finance, 2008
  • Kent Smetters – Undergraduate Teaching Award, The Wharton School, 2008
  • Ulrich Doraszelski – Clark Fund, Harvard University, 2004 and, 2008
  • Olivia S. Mitchell – Carolyn Shaw Bell Award of the Committee on the Status of Women in the Economics Profession, 2008
  • Olivia S. Mitchell – Roger F. Murray First Prize – Institute for Quantitative Research in Finance, 2008
  • Jean Lemaire – Elected honorary Chairman of ASTIN, 2008
  • Jean Lemaire – Wharton Hauck Award for Excellence in Teaching by a Tenured Faculty Member, 2008
  • Jean Lemaire – Wharton Undergraduate Excellence in Teaching Award, 2008



  • David F Babbel – Critical Review of U.S. Actuarial Profession Advisory Panel, 2005-2006
  • Joseph Harrington – ENCORE Fellow (U. of Amsterdam), 2006
  • Mark V. Pauly – Spencer Kimball Article Award (with Howard Kunreuther) from the Journal of Insurance Regulation for, 2006
  • Ulrich Doraszelski – NSF Grant No. SES-0615615, “Collaborative Research on Dynamic Antitrust Policy: Predatory and Limit Pricing in a Model of Learning-by-Doing and Organizational Forgetting,” with David Besanko, 2006-2008
  • Ulrich Doraszelski – NSF Grant No. SES-0617896, “Economic Impacts of Technological Innovations in Product Availability,” with Julie Mortimer, 2006-2009
  • Jean Lemaire – Wharton Undergraduate Excellence in Teaching Award, 2006


  • Joseph Harrington – Fellow of the International Journal of Industrial Organization, 2005
  • Judd B. Kessler – National Science Foundation Graduate Research Fellowship, 2005-2008
  • Kent Smetters – Smith-Richardson Foundation Research Grant, 2005
  • Kent Smetters – Institute for Quantitative Research in Finance (“The Q-Group”) Award, 2005
  • Olivia S. Mitchell – Alexander von Humboldt-Stiftung Trans-Coop Program Research Award grant, 2005-2006
  • Howard Kunreuther – American Association of the Advancement of Science: AAAS Fellow, 2005


  • Katherine L. Milkman – The Lore von Jaskowsky Memorial Prize in Engineering from Princeton University, 2004
  • Katherine L. Milkman – The Willard Thorp Thesis Prize in American Studies from Princeton University, 2004
  • Katherine L. Milkman – Omega Rho Undergraduate Project Research Award from INFORMS, 2004
  • Kent Smetters – Rodney L. White Center for Financial Research Grant, 2004
  • Kent Smetters – Smith-Richardson Foundation Research Grant, 2004
  • Todd Sinai – Edwin S. Mills Best Paper Award for the best paper in Real Estate Economics, 2004
  • Jean Lemaire – Wharton Undergraduate Excellence in Teaching Award, 2004


  • Olivia S. Mitchell – Premio Internazionale Dell’Istituto Nazionale Delle Assicurazioni, INA, Accademia Nazionale dei Lincei, Rome, Italy, 2003
  • Kent Smetters – National Bureau of Economic Research, RRC Grants, 2003-2007
  • David F Babbel – William G. Whitney Award for Distinguished Teaching, 2003


  • David F Babbel – Valuation Tools Task Force, American Academy of Actuaries, 1997-2002
  • Kent Smetters – TIAA-CREF Paul A. Samuelson, Certificate of Excellence, 2002
  • Ulrich Doraszelski – EARIE Young Economists’ Essay Award, 2002
  • David F Babbel – Best Published Paper in North American Actuarial Journal, 2002


  • Neil A Doherty – Miller-Sherrerd MBA Core Teaching Award, 2001
  • Todd Sinai – Housing and Urban Development (HUD)/AREUEA best paper in housing and urban development at the Annual AREUEA Conferences, 2001
  • Jean Lemaire – Elected Honorary Fellow of the Institute of Actuaries, 2001
  • Howard Kunreuther – Society for Risk Analysis: Distinguished Achievement Award, 2001


  • Kent Smetters – Robert C. Witt Award for the best paper published in the Journal of Risk and Insurance, 2000
  • Ulrich Doraszelski – Dissertation Research Fellowship, Center for the Study of Industrial Organization, Northwestern University, 2000-2001
  • Jean Lemaire – Best feature paper award, Journal of Risk and Insurance, 2000


  • Ulrich Doraszelski – University Fellowship, Northwestern University, 1996-1997
  • Olivia S. Mitchell – Paul A. Samuelson Award for Scholarly Writing on Lifelong Financial Security, TIAA-CREF, 1999



  • David F Babbel – Graham and Dodd Award of Excellence, Association for Investment Management and Research, 1997
  • Neil A Doherty – Undergraduate Excellence in Teaching Award, 1997
  • Jean Lemaire – Clarence Arthur Kulp Memorial Award, American Risk and Insurance Association, 1997



  • Howard Kunreuther – Society for Risk Analysis: Elected Fellow, 1992



  • Joseph Harrington – Duncan Black Award for the Best Article in Public Choice, 1990
  • Elizabeth E. Bailey – Directors’ Choice Award, National Women’s Economic Alliance Foundation, 1990
  • Howard Kunreuther – Society for Risk Analysis: Outstanding Service Award, 1990


  • David F Babbel – Best Feature Article, American Risk and Insurance Association, 1989


  • Jean Lemaire – International INA-Lincei Prize, Italian Academy of Sciences, 1988


  • Jean Lemaire – Clarence Arthur Kulp Memorial Award, American Risk and Insurance Association, 1987


  • Jean Lemaire – Ernst Meyer Prize, Geneva Association, 1986


  • W. Bruce Allen – Miller-Sherrerd MBA Core Curriculum Teaching Award, 1984


  • Howard Kunreuther – Wharton Graduate Teaching Excellence Award, 1983


  • Howard Kunreuther – Western Electric Fund Award, 1980 Description

    (with Paul Schoemaker and Paul Kleindorfer) for the program “Decision Sciences Applied to University Problems.” The award is given annually for outstanding achievements in the area of educational innovation in undergraduate education for business administration.


  • David F Babbel – Beta Gamma Sigma (National Scholastic Honor Society of Business and Administration), 1978



  • David F Babbel – Fulbright Fellow, U.S. Office of Education, 1976-1977


  • David F Babbel – Omicron Delta Epsilon (International Honor Society in Economics), 1973