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School News

October 9, 2007

Sicherman Awarded Eckstein Prize

For his research on the connections between smoking and wage dynamics, Professor Nachum Sicherman is a corecipient of the highest honor of the Eastern Economic Journal.

Professor Nachum Sicherman and his coresearcher, Lalith Munasinghe of Barnard College, have been awarded the Eckstein Prize by the Eastern Economic Association, recognizing the best article published in the Eastern Economic Journal (EEJ) in 2005 and 2006.

Published in fall 2006, Sicherman and Munasinghe’s paper “Why Do Dancers Smoke? Smoking, Time Preference, and Wage Dynamics” proposes a relationship between prospects of future earnings, desires for immediate gratification and the concept of individual wage discount. The researchers found that compared with nonsmokers, smokers earn lower wages at the time they enter the labor market and experience lower rates of wage growth.

The Eckstein Prize committee first reviewed the 70 articles featured throughout 2005–06 to form a shortlist of finalists and then named the winners following a second review. According to the EEJ, the unusually high number of papers published during this time period and the remarkably high quality of the finalist articles prompted the committee’s decision to split the first-prize award. Sicherman and Munasinghe share the Eckstein Prize with corecipient Monica Galizzi of the University of Massachusetts Lowell.

Professor of finance and economics at the School, Sicherman is a faculty research fellow at the National Bureau of Economic Research and has received grants from the National Science Foundation and the Citicorp Behavioral Science Research Council.

The Eastern Economic Association describes the editorial mission of the EEJ as one of “free and open intellectual inquiry from diverse philosophical perspectives . . . Readability and general interest are major factors in publication decision.”