Welcome to my website! I am Adam Shumway, a PhD candidate in economics at Cornell University. I am a labor economist with interests in historical datasets and occupational licensing (especially health-related professions). My current research uses physician directories from the past 100 years to study the rural physician shortage.
I am on the job market for 2021-2022.
PhD in Economics, 2022 (Expected)
BS in Math, Economics, 2016
Brigham Young University
How does the geographic distribution of medical schools spill over into the distribution of doctors? Using comprehensive physician listings from the American Medical Directory, I find that medical school location has a moderate effect on practice location. This has implications for addressing the rural physician shortage. Individual-level estimates also provide suggestive evidence that admitting more rural students is a viable policy lever to alleviate the rural physician shortage.
University presidents fill important roles in their institutions. Compensation packages are difficult to design, reflecting many of the same challenges inherent in corporate settings. We study determinants of president pay in recent decades for private and public universities. Most of the rise in pay over this time period appears to stem from increases in pay as a university president perseveres at his or her institution, and not through discontinuous increases in pay to entice higher-quality presidents when universities transition from one president to another. The most stable determinants of pay appear to be university size, as measured by enrollment, assets (in random-effects specifications), and revenue (in fixed-effects specifications); gifts (in fixed-effects specifications); prior presidential experience; and internal hiring status. Alumnus status and gender exhibit interesting changes across specifications.
Past research has examined various state-level measures that predict state economic growth and other economic and social indicators. This research has largely ignored the potential role of family structure in contributing to state-level outcomes, despite the extensive literature on links between family structure and economic outcomes at the individual level. We estimated a state-level panel model and found that both the proportion of adults and the proportion of parents who are married are strongly related to important state-level economic outcomes, including economic growth, median household income, median personal income, and poverty.
Average instructor rating: 4.4/5
Teaching Assistant, Fall 2021
Instructor, Summer Term 2020