Corinne Low is an Assistant Professor of Business Economics and Public Policy at the Wharton School, specializing in labor and development economics. Her research brings together applied microeconomic theory with lab and field experiments to understand the determinants of who gets how much across gender and age lines. Current ongoing projects focus on a new technology to examine hiring discrimination, the tradeoff women make between career and family in the US, and the impact of teaching girls negotiation skills in Zambia.
Corinne received her PhD in economics from Columbia University and her undergraduate degree in economics and public policy from Duke University, after which she worked as a consultant for McKinsey and Co. At Wharton, Corinne teaches Managerial Economics in the MBA program.
Abstract: We introduce a new experimental paradigm to evaluate employer preferences, called Incentivized Resume Rating (IRR). Employers evaluate resumes they know to be hypothetical in order to be matched with real job seekers, preserving incentives while avoiding the deception necessary in audit studies. We deploy IRR with employers recruiting college seniors from a prestigious school, randomizing human capital characteristics and demographics of hypothetical candidates. We measure both employer preferences for candidates and employer beliefs about the likelihood candidates will accept job offers, avoiding a typical confound in audit studies. We discuss the costs, benefits, and future applications of this new methodology.
Abstract: This paper studies how gender affects negotiation strategy and payoffs. Although conventional wisdom holds that women are “worse” negotiators, we find that men have a disadvantage in negotiation in a setting with explicit verbal communication relative to a control game without communication. This effect is driven by a treatment where partner gender information is public, to most closely mirror a real-world negotiation. The mechanism of the effect appears to be that men fail to tailor their negotiation strategy “optimally” to partner gender. Men are significantly less likely to use tough (and effective) negotiation strategies against female partners than against male partners. We show that these choices reduce payoffs, and male-male pairs perform particularly poorly, demonstrating a “toxic masculinity” effect. As an explanation for these results, we suggest men may be “constrained” by gender norms in their communication strategy --- leading them to be more chivalrous to women and “tough” toward men --- at the expense of their own payoffs.
Jennie Huang and Corinne Low (2017), Trumping Norms: Lab Evidence on Aggressive Communication before and after the 2016 US Presidential Election, American Economic Review, Papers and Proceedings, 5. 10.1257/aer.p20171016
Corinne Low (Working), Pricing the Biological Clock: Reproductive Capital on the US Marriage Market.
Abstract: Women's ability to have children declines sharply with age. This fecundity loss may negatively affect marital prospects for women who delay marriage to make career investments. I incorporate depreciating "reproductive capital" into a frictionless matching model of the marriage market, where high-skilled women are likely to make pre-marital career investments. When the fertility costs of these investments are large relative to the income gains, the model predicts non-assortative matching at the top of the income distribution, with the highest-earning men forgoing the highest-earning women in favor of poorer, but younger, partners. However, if women's incomes rise or desired family size falls, high-skilled women may be able to compensate their partners for lower fertility, leading to assortative matching. Patterns in US Census data match these predictions. In the 1920-1950 birth cohorts, women with post-bachelors education match with lower-income spouses than women with only college degrees, while in recent years this trend has reversed. The model relies on men internalizing their partners' expected fertility when choosing a mate. I test this using an online experiment where age is randomly assigned to dating profiles, to control for other factors (such as beauty) that change with age in observational data. I find that men, in contrast to women, have a strong preference for younger partners, but only when they have no children of their own and are aware of the age-fertility tradeoff.
Tal Gross, Jeanne Lafortune, Corinne Low (2014), What Happens the Morning After? Access to Emergency Contraception and its Impact on Fertility and Abortion, Journal of Policy Analysis and Management, 33.
MGEC 611 – Microeconomics for Managers
MGEC 612 – Microeconomics for Managers – Advanced
BEPP 900 – Applied Economics Research Seminar
Of the many ways that doctoral students typically learn how to do research, two that are important are watching others give seminar presentations (as in Applied Economics Seminars) and presenting one's own research. The BEPP 900 course provides a venue for the latter. Wharton doctoral students enrolled in this course present applied economics research. Presentations both of papers assigned for other classes and of research leading toward a dissertation are appropriate in BEPP 900. This course aims to help students further develop a hands-on understanding of the research process. All doctoral students with applied microeconomic interests are encouraged to attend and present. Second and third year Applied Economic Ph.D. students are required to enroll in BEPP 900 and receive one-semester credit per year of participation.
This course establishes the micro-economic foundations for understanding business decision-making. The course will cover consumer theory and market demand under full information, market equilibrium and government intervention, production theory and cost optimization, producing in perfectly competitive and monopoly markets, vertical relations, and game theory, including simultaneous, sequential, and infinitely repeated games. Finally, we will wrap up game theory with an application to auctions. Students are expected to have mastered these materials before enrolling in the second quarter course: Microeconomics for Managers: Advanced Applications.
This course will cover the economic foundations of business strategy and decision-making in market environments with other strategic actors and less than full information, as well as advanced pricing strategies. Topics include oligopoly models of market competition, creation, and protection, sophisticated pricing strategies for consumers with different valuations or consumers who buy multiple units (e.g. price discrimination, bundling, two-part tariffs), strategies for managing risk and making decisions under uncertainty, asymmetric information and its consequences for markets, and finally moral hazard and principle-agent theory with application to incentive contacts.
Awarded for “What Happens the Morning After? The Costs and Benefits of Expanding Access to Emergency Contraception,” with Tal Gross and Jeanne Lafortune. Journal of Policy Analysis and Management, 33(1), 2014
New Wharton research develops a novel method for studying the hiring process, finding that race and gender biases likely impact who gets hired at some of the world’s top firms.Knowledge @ Wharton - 2019/07/18