People

Professor Eric Smith

Professor
Department of Economics
Professor Eric Smith
  • Email

  • Telephone

    +44 (0) 1206 872735

  • Location

    5B.327, Colchester Campus

  • Academic support hours

    Thursdays 13.00-14.00 and Fridays 10.00-11.00

Profile

Biography

Eric Smith has been at Essex since 1990. During his time at Essex, he has held long term visiting positions at University of British Columbia, McMaster University, University of Pennsylvania, Georgetown University, Rutgers University, University of North Carolina and the Federal Reserve Bank of Atlanta. Eric is an Associate Editor of the European Economic Review. He is a former Director of the Royal Economic Society Easter School and a former member of the Essex Economic Commission. Eric's research focuses on search and matching frictions, with a particular interest in the labour and housing markets. Current research focuses on how the mechanics of the job/house matching process affect market flows along with wage and price determination. Other research topics include human capital skill portfolios and income distribution. Teaching interests include not only labour but also macroeconomics, industrial economics and public economics. Recent papers have appeared in Review of Economic Dynamics, International Economic Review, Labour Economics, Economics Letters, Journal of Human Capital, and Macroeconomic Dynamics

Qualifications

  • PhD University of Pennsylvania, (1990)

  • BA Williams College, (1983)

Appointments

University of Essex

  • Head of Department, University of Essex (2009 - 2012)

Research and professional activities

Research interests

Search and matching in employment, housing and related markets

Open to supervise

Labour economics

Open to supervise

Human capital accumulation and the distribution of income

Open to supervise

Macroeconomics and macroeconomic policy

Key words: macroeconomics
Open to supervise

Teaching and supervision

Current teaching responsibilities

  • Macroeconomics (Advanced) (EC324)

  • Lectures in Economic and Public Policy (EC974)

Previous supervision

Junko Iwagami
Junko Iwagami
Thesis title: Essays on Labour Market Segmentation in Japan
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 25/2/2020
Aline Maria Souza Menezes
Aline Maria Souza Menezes
Thesis title: Essays on Empirical Political Economy
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 25/7/2017
Po-Wen She
Po-Wen She
Thesis title: Essays on Career Mobility in the UK Labour Market
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 23/6/2017
Deo Sande
Deo Sande
Degree subject: Economics
Degree type: Master of Research
Awarded date: 5/10/2016
Patryk Bronka
Patryk Bronka
Degree subject: Economics
Degree type: Master of Research
Awarded date: 5/10/2016
Stefano Alderighi
Stefano Alderighi
Thesis title: Essays in Empirical Microeconomics and Finance
Degree subject: Economics
Degree type: Doctor of Philosophy
Awarded date: 26/5/2016

Publications

Journal articles (23)

Smith, E., (2020). High and Low Activity Spells in Housing Markets. Review of Economic Dynamics. 36, 1-28

Carrillo Tudela, C. and Smith, E., (2017). Search capital. Review of Economic Dynamics. 23 (6366), 191-211

Silos, P. and Smith, E., (2015). Human capital portfolios. Review of Economic Dynamics. 18 (3), 635-652

Carrillo-Tudela, C., Menzio, G. and Smith, E., (2011). JOB SEARCH WITH BIDDER MEMORIES*. International Economic Review. 52 (3), 639-655

Coles, MG., Jones, P. and Smith, E., (2010). A PICTURE OF STOCK–FLOW UNEMPLOYMENT IN THE UNITED KINGDOM. Macroeconomic Dynamics. 14 (4), 427-453

Coles, M., Jones, P. and Smith, E., (2010). A Picture Of Stock-Flow Unemployment In The United Kingdom. Macroeconomic Dynamics. 14 (04), 427-453

Burdett, K. and Smith, E., (2010). Price distributions and competition. Economics Letters. 106 (3), 180-183

Smith, E., (2010). Sector-Specific Human Capital and the Distribution of Earnings. Journal of Human Capital. 4 (1), 35-61

Kuo, M. and Smith, E., (2009). Marketplace matching in Britain: Evidence from individual unemployment spells. Labour Economics. 16 (1), 37-46

Browning, M., Crossley, TF. and Smith, E., (2007). Asset accumulation and short-term employment. Review of Economic Dynamics. 10 (3), 400-423

Smith, EF., (2007). Limited Duration Employment. Review of Economic Dynamics. 10 (3), 444-471

Albrecht, J., Anderson, A., Smith, E. and Vroman, S., (2007). Opportunistic Matching In The Housing Market. International Economic Review. 48 (2), 641-664

Smith, E., (2004). Intermediated Search. Economica. 71 (284), 619-636

Burdett, K. and Smith, E., (2002). The low skill trap. European Economic Review. 46 (8), 1439-1451

Andolfatto, D. and Smith, E., (2001). Distributional dynamics following a technological revolution. Canadian Journal of Economics. 34 (3), 739-759

Smith, E. and Webb, T., (2001). Tax Competition, Income Differentials and Local Public Services. International Tax and Public Finance. 8 (5), 675-691

Smith, E., (1999). Search, Concave Production, and Optimal Firm Size. Review of Economic Dynamics. 2 (2), 456-471

Coles, MG. and Smith, E., (1998). Marketplaces and Matching. International Economic Review. 39 (1), 239-239

Coles, M. and Smith, E., (1998). Strategic bargaining with firm inventories. Journal of Economic Dynamics and Control. 23 (1), 35-54

Coles, M. and Smith, E., (1996). Cross-Section Estimation of the Matching Function: Evidence from England and Wales. Economica. 63 (252), 589-97

Frank, J. and Smith, E., (1996). Seniority Seating at the Royal Opera House. Oxford Economic Papers. 48 (3), 492-98

Smith, E., (1994). Taxation in a two-sided search model. Journal of Public Economics. 54 (3), 423-435

Smith, E. and Wright, R., (1992). Why Is Automobile Insurance in Philadelphia So Damn Expensive?. American Economic Review. 82 (4), 756-72

Book chapters (1)

Smith, E., Stock-Flow Models of Market Friction and Search. In: Oxford Research Encyclopedia of Economics and Finance. Editors: Hamilton, JH., Dixit, A., Edwards, S. and Judd, K., . Oxford University Press (OUP)

Reports and Papers (24)

Browning, M., Crossley, TF. and Smith, E., Asset Accumulation and Short Term Employment

Browning, M., Crossley, TF. and Smith, E., Asset Accumulation and Short Term Employment

Smith, E., (2015). High and Low Activity Spell in Housing Markets

Silos, P. and Smith, E., (2012). Human capital portfolios

Carrillo-Tudela, C. and Smith, E., (2012). Search Capital

Carrillo-Tudela, C. and Smith, E., (2012). Search Capital

Carrillo-Tudela, C., Menzio, G. and Smith, E., (2009). Job Search with Bidder Memories

Carrillo-Tudela, C., Menzio, G. and Smith, E., (2009). Job Search with Bidder Memories

Carrillo-Tudela, C., Menzio, G. and Smith, E., (2009). Job search with bidder memories

Burdett, K. and Smith, E., (2009). Price distributions and competition

Smith, E., (2009). Sector-specific human capital and the distribution of earnings

Carrillo-Tudela, C. and Smith, E., (2009). Wage Dispersion and Wage Dynamics Within and Across Firms

Carrillo-Tudela, C. and Smith, E., (2009). Wage dispersion and wage dynamics within and across firms

Smith, E., (2005). Human Capital Portfolios and the Distribution of Earnings

Albrecht, J., Anderson, A., Smith, E. and Vroman, S., (2004). A Matching Model of the Housing Market: Searching for a Motivated Partner

Andolfatto, D. and Smith, E., (1999). Technological Change and Income Distribution Dynamics

Smith, E. and Webb, T., (1998). A tale of two cities: tax competition and local public services

Smith, E. and Burdett, K., (1995). The Low Skill Trap

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 Smith, E., (1994). Marketplaces and Matching

Smith, E., (1994). Search, Concave Production, and Optimal Firm Size

Smith, E. and Wright, R., (1991). Why is automobile insurance in Philadelphia so damn expensive?

Smith, E. and Wright, R., (1990). Why Is Automobile Insurance In Philadelphia So Damn Expensive?

Grants and funding

2023

Business and Local Government Data Research Centre Legacy Status Proposal

Economic and Social Research Council

2018

Business and Local Government Data Research Centre (BLG DRC)

Economic and Social Research Council

Contact

esmith@essex.ac.uk
+44 (0) 1206 872735

Location:

5B.327, Colchester Campus

Academic support hours:

Thursdays 13.00-14.00 and Fridays 10.00-11.00

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