Professor Melvyn Coles
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Email
mcole@essex.ac.uk -
Telephone
+44 (0) 1206 874875
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Location
5B.319, Colchester Campus
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Academic support hours
Tuesdays 12-12.50pm Thursdays 12-12.50pm Autumn and Summer Terms only
Profile
Biography
After obtaining a first in Mathematics at Cambridge University, Melvyn Coles took the MSc in Economics and Econometrics at Southampton University and then went on to study for his PhD in Economics at Princeton University. He has been professor of Economics at the University of Essex since 1997.During the years2003-2006 he was instead an ICREA research fellow at the IAE (Barcelona).
Qualifications
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PhD Economics (Princeton University).
Research and professional activities
Research interests
Equilibrium trade with frictions, especially labour
Marriage markets
Teaching and supervision
Current teaching responsibilities
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Methods of Economic Analysis (EC115)
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Mathematical Methods (EC511)
Previous supervision
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 8/1/2024
Degree type: Master of Research
Awarded date: 1/12/2021
Degree type: Master of Research
Awarded date: 11/7/2019
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 10/12/2018
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 4/10/2018
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 16/5/2017
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 1/2/2016
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 15/1/2016
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 1/4/2014
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 15/3/2013
Publications
Journal articles (43)
Burdett, K., Carrillo Tudela, C. and Coles, M., (2020). The Cost of Job Loss. The Review of Economic Studies. 87 (4), 1757-1798
Coles, MG. and Francesconi, M., (2019). Equilibrium Search with Multiple Attributes and the Impact of Equal Opportunities for Women. Journal of Political Economy. 127 (1), 138-162
Coles, M. and Moghaddasi-Kelishomi, A., (2018). Do Job Destruction Shocks Matter in the Theory of Unemployment. American Economic Journal: Macroeconomics. 10 (3), 118-136
Coles, MG. and Mortensen, DT., (2016). Equilibrium Labor Turnover, Firm Growth, and Unemployment. Econometrica. 84 (1), 347-363
Burdett, K., Carrillo-Tudela, C. and Coles, M., (2016). Wage inequality: A structural decomposition. Review of Economic Dynamics. 19, 20-37
Coles, MG. and Mortensen, DT., (2015). The response of employment and wages to aggregate shocks: On-the-job search effect. Research in Economics. 69 (1), 7-17
Coles, MG. and Francesconi, M., (2011). ON THE EMERGENCE OF TOYBOYS: THE TIMING OF MARRIAGE WITH AGING AND UNCERTAIN CAREERS*. International Economic Review. 52 (3), 825-853
Burdett, K., Carrillo-Tudela, C. and Coles, MG., (2011). HUMAN CAPITAL ACCUMULATION AND LABOR MARKET EQUILIBRIUM*. International Economic Review. 52 (3), 657-677
Booth, AL. and Coles, MG., (2010). Tax policy and returns to education. Labour Economics. 17 (1), 291-301
Coles, MG., Jones, P. and Smith, E., (2010). A PICTURE OF STOCK–FLOW UNEMPLOYMENT IN THE UNITED KINGDOM. Macroeconomic Dynamics. 14 (4), 427-453
Booth, A. and Coles, M., (2010). Education, Matching, and the Allocative Value of Romance. Journal of the European Economic Association. 8 (4), 744-775
Burdett, K. and Coles, M., (2010). Wage/tenure contracts with heterogeneous firms. Journal of Economic Theory. 145 (4), 1408-1435
Coles, M., Jones, P. and Smith, E., (2010). A Picture Of Stock-Flow Unemployment In The United Kingdom. Macroeconomic Dynamics. 14 (04), 427-453
Coles, M., (2009). Corrigendum to “Melvyn Coles, Optimal unemployment policy in a matching equilibrium”, Labour Economics, Volume 15, Issue 4, Pages 537–559 (August 2008). Labour Economics. 16 (1), 120-120
Coles, M., (2009). Corrigendum to ,Melvyn Coles, Optimal unemployment policy in a matching equilibrium', Labour Economics, Volume 15, Issue 4, Pages 537-559 (August 2008). Labour Economics. 16 (1), creators-Coles=3AMelvyn=3A=3A
Coles, M., (2008). Optimal unemployment policy in a matching equilibrium. Labour Economics. 15 (4), 537-559
Coles, M. and Petrongolo, B., (2008). A TEST BETWEEN STOCK‐FLOW MATCHING AND THE RANDOM MATCHING FUNCTION APPROACH*. International Economic Review. 49 (4), 1113-1141
COLES, M., LANFRANCHI, J., SKALLI, ALI. and TREBLE, J., (2007). PAY, TECHNOLOGY, AND THE COST OF WORKER ABSENCE. Economic Inquiry. 45 (2), 268-285
Booth, AL. and Coles, M., (2007). A microfoundation for increasing returns in human capital accumulation and the under-participation trap. European Economic Review. 51 (7), 1661-1681
Coles, M. and Masters, A., (2007). Re-entitlement effects with duration-dependent unemployment insurance in a stochastic matching equilibrium. Journal of Economic Dynamics and Control. 31 (9), 2879-2898
Coles, M. and Masters, A., (2006). Optimal Unemployment Insurance in a Matching Equilibrium. Journal of Labor Economics. 24 (1), 109-138
Coles, M. and Masters, A., (2004). Duration‐Dependent Unemployment Insurance Payments and Equilibrium Unemployment. Economica. 71 (281), 83-97
Coles, MG. and Muthoo, A., (2003). Bargaining in a non-stationary environment. Journal of Economic Theory. 109 (1), 70-89
Coles, MG. and Eeckhout, J., (2003). Indeterminacy and directed search. Journal of Economic Theory. 111 (2), 265-276
Burdett, K. and Coles, M., (2003). Equilibrium Wage-Tenure Contracts. Econometrica. 71 (5), 1377-1404
Burdett, K. and Coles, MG., (2001). Transplants and Implants: The Economics of Self‐Improvement. International Economic Review. 42 (3), 597-616
Coles, MG., (2001). Equilibrium Wage Dispersion, Firm Size, and Growth. Review of Economic Dynamics. 4 (1), 159-187
Coles, MG. and Hildreth, AKG., (2000). Wage Bargaining, Inventories, and Union Legislation. Review of Economic Studies. 67 (2), 273-293
Coles, M. and Masters, A., (2000). Retraining and long-term unemployment in a model of unlearning by not doing. European Economic Review. 44 (9), 1801-1822
Coles, MG., (1999). Turnover Externalities with Marketplace Trading. International Economic Review. 40 (4), 851-868
Burdett, K. and Coles, MG., (1999). Long‐Term Partnership Formation: Marriage and Employment. The Economic Journal. 109 (456), 307-334
Coles, MG. and Wright, R., (1998). A Dynamic Equilibrium Model of Search, Bargaining, and Money. Journal of Economic Theory. 78 (1), 32-54
Coles, MG. and Smith, E., (1998). Marketplaces and Matching. International Economic Review. 39 (1), 239-239
Burdett, K. and Coles, MG., (1998). Separation cycles. Journal of Economic Dynamics and Control. 22 (7), 1069-1090
Coles, MG. and Muthoo, A., (1998). Strategic Bargaining and Competitive Bidding in a Dynamic Market Equilibrium. Review of Economic Studies. 65 (2), 235-260
Coles, M. and Smith, E., (1998). Strategic bargaining with firm inventories. Journal of Economic Dynamics and Control. 23 (1), 35-54
Burdett, K. and Coles, MG., (1997). Steady State Price Distributions in a Noisy Search Equilibrium. Journal of Economic Theory. 72 (1), 1-32
Burdett, K. and Coles, MG., (1997). Marriage and Class. The Quarterly Journal of Economics. 112 (1), 141-168
Coles, M. and Philippopoulos, A., (1997). Are exchange rate bands better than fixed exchange rates? The imported credibility approach. Journal of International Economics. 43 (1-2), 133-153
Burdett, K. and Coles, MG., (1997). Marriage and class. Quarterly Journal of Economics. 112 (1), 140-168
Coles, M. and Smith, E., (1996). Cross-Section Estimation of the Matching Function: Evidence from England and Wales. Economica. 63 (252), 589-97
Coles, MG. and Treble, JG., (1996). Calculating the price of worker reliability. Labour Economics. 3 (2), 169-188
Coles, MG. and Treble, JG., (1993). The price of worker reliability. Economics Letters. 41 (2), 149-155
Book chapters (1)
Carrillo Tudela, C. and Coles, M., (2016). Quit turnover and the business cycle: a survey. In: Research Handbook on Employee Turnover. Editors: Saridakis, G. and Cooper, CL., . Edward Elgar. 247- 273. 9781784711146
Conferences (1)
Burdett, K. and Coles, MG., (2000). The Simple Analytics of Partnership Formation
Reports and Papers (51)
Coles, MG. and Muthoo, A., Bargaining Equilibrium in a Non-Stationary Environment
Clymo, A., Carrillo Tudela, C. and Coles, M., (2021). Equilibrium Job Turnover and the Business Cycle
Coles, M. and Francesconi, M., (2017). Equilibrium Search and the Impact of Equal Opportunities for Women
Coles, M. and Kelishomi, AM., (2015). Do Job Destruction Shocks Matter in the Theory of Unemployment?
Coles, M. and Mortensen, DT., (2015). Stochastic Unemployment with Dynamic Monopsony
Coles, M. and Francesconi, M., (2013). Equilibrium Search and the Impact of Equal Opportunities for Women.
Coles, M. and Mortensen, DT., (2012). Equilibrium Labor Turnover, Firm Growth and Unemployment
Coles, M. and Mortensen, DT., (2011). Equilibrium Wage and Employment Dynamics in a Model of Wage Posting without Commitment
Coles, M. and Mortensen, DT., (2011). Equilibrium Wage and Employment Dynamics in a Model of Wage Posting without Commitment
Coles, M. and Kelishomi, AM., (2011). New Business Start-ups and the Business Cycle
Burdett, K. and Coles, M., (2010). Tenure and Experience Effects on Wages: A Theory
Burdett, K., Carrillo-Tudela, C. and Coles, M., (2009). Human Capital Accumulation and Labour Market Equilibrium
Coles, M., Carrillo-Tudela, C. and Burdett, K., (2008). Human Capital Accumulation and Labor Market Equilibrium
Booth, AL. and Coles, M., (2008). Tax Policy and Returns to Education
Booth, AL. and Coles, M., (2007). The Impact Of Fiscal Policy On Labor Supply And Education In An Economy With Household And Market Production
Booth, AL. and Coles, M., (2007). The Impact of Fiscal Policy on Labour Supply and Education in an Economy with Household and Market Production
Booth, AL., Coles, M. and Gong, X., (2007). Increasing Returns to Education: Theory and Evidence
Booth, AL. and Coles, M., (2007). A Microfoundation For Increasing Returns In Human Capital Accumulation And The Under-Participation Trap
Burdett, K. and Coles, M., (2007). Wage/Tenure Contracts with Heterogeneous Firms
Booth, AL., Coles, M. and Gong, X., (2006). Increasing Returns to Education: Theory and Evidence
Booth, AL. and Coles, M., (2006). A Microfoundation for Increasing Returns in Human Capital Accumulation and the Under-Participation Trap
Coles, M. and Masters, A., (2006). Re-entitlement Effects with Duration Dependent Unemployment Insurance in a Stochastic Matching Equilibrium
Booth, AL. and Coles, M., (2005). Education, Matching and the Allocative Value of Romance
Booth, AL. and Coles, M., (2005). Education, Matching and the Allocative Value of Romance
Booth, AL. and Coles, M., (2005). Education, Matching and the Allocative Value of Romance
Booth, AL. and Coles, M., (2005). Increasing Returns to Education and the Skills Under-Investment Trap
Coles, M., (2005). Optimal Unemployment Insurance in a Matching Equilibrium: The Role of Congestion and Thick-Market Externalities
Coles, M. and Petrongolo, B., (2005). A test between matching theories
Masters, A. and Coles, M., (2004). Duration Dependent Unemployment Insurance and Stabilisation Policy
Masters, A. and Coles, M., (2004). Optimal Unemployment Insurance in a Matching Equilibrium
Booth, AL. and Coles, M., (2004). Part-Time Employment Traps and Childcare Policy
Coles, M. and Petrongolo, B., (2003). A Test Between Unemployment Theories Using Matching Data
Coles, M. and Petrongolo, B., (2003). A Test between Unemployment Theories Using Matching Data
Coles, M. and Petrongolo, B., (2002). A Test Between Unemployment Theories Using Matching Data
Coles, M. and Muthoo, A., (2000). Bargaining equilibrium in a non-stationary environment
Coles, M. and Eeckhout, J., (2000). Efficient Job Allocation
Coles, M. and Eeckhout, J., (2000). Heterogeneity as a coordination device
Coles, M., (1996). Decentralized Trade, Entrepreneurial Investment and the Theory of Unemployment
Coles, M., (1996). Designing a Cheaper and More Effective Unemployment Benefit System
Coles, M. and Hildreth, A., (1996). Wage Bargaining, Inventories, and Union Legislation
Coles, M. and Philippopoulos, A., (1995). Are exchange rate bands better than fixed exchange rates?
Burdett, K. and Coles, M., (1995). Steady State Price Distributions in a Noisy Search Equilibrium
Coles, M. and Smith, E., (1995). Strategic Bargaining with Firm Inventories
Coles, M. and Smith, E., (1994). Cross-Section Estimation of the Matching Function: Evidence from England and Wales
Coles, M. and Wright, R., (1994). Dynamic bargaining theory
Coles, M. and Smith, E., (1994). Marketplaces and Matching
Coles, M. and Muthoo, A., (1994). Strategic Bargaining and Competitive Bidding in a Dynamic Market Equilibrium
van Ours, JC., Burdett, K. and Coles, M., (1994). Temporal Aggregation Bias in Stock-Flow Models
Burdett, K., Coles, M. and van Ours, JC., (1994). Temporal Aggregation Bias in Stock-Flow Models
Coles, M., (1994). Understanding the Matching Function: The Role of Newspapers and Job Agencies
Coles, M. and Farrow, RJ., (1986). Neo-Classical Adjustment Rules with Time Varying Discount Rates - Theory and Applications
Scholarly Editions (1)
Coles, M. and Francesconi, M., On the Emergence of Toyboys: Equilibrium Matching with Ageing and Uncertain Careers
Grants and funding
2011
Understanding the impact of recession on labour market behaviour in Britain
Economic & Social Research Council
Contact
Academic support hours:
Tuesdays 12-12.50pm Thursdays 12-12.50pm Autumn and Summer Terms only