David A Macpherson
David A. Macpherson , Ph.D.
E.M. Stevens Professor, Economics
Ph.D., Pennsylvania State University
B.S., Pennsylvania State University
Principles of Microeconomics
Labor Economics and Labor Relations
Seminar in Economic Issues
Money and Banking
In both teaching and research, I focus on real world issues.
Economists since Adam Smith have argued that competitive forces should tend to equalize wages across similar workers in similar jobs. His research has been concentrated on examining factors that cause deviations from wage equalization. In particular, he has focused on the role of trade unions, pensions, wage discrimination, industry deregulation, and the minimum wage.
He has written over 60 journal articles and book chapters. He is a co-author of the undergraduate textbooks Economics: Private and Public Choice and Contemporary Labor Economics. He also co-authored the book Pensions and Productivity. With Barry Hirsch, he provides union data to researchers and the public through the web site www.unionstats.com.
Contemporary Labor Economics, 9th edition, McGraw-Hill: New York, N.Y., 2010, with Campbell McConnell and Stanley Brue. Co-author on 5th, 6th, 7th, and 8th editions as well.
Economics: Private and Public Choice, 13th edition, Southwestern: Cincinnati, Ohio, 2011, with James Gwartney, Richard Stroup, and Russell Sobel. Co-author on 10th, 11th, and 12th editions as well.
"Is Bigger Still Better?: The Decline of the Wage Premium at Large Firms," Southern Economic Journal, forthcoming, with William Even.
"Growth of Participant Direction in Defined Contribution Plans," April 2010, pp. 190-208, Industrial Relations, with William Even.
"Managing Risk Caused by Pension Investments in Company Stock," National Tax Journal, September 2009, pp. 439-453, with William Even.