SAMUEL T. LIU

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Education

Massachusetts Institute of Technology���������������������

Ph.D. degree in Economics, 2000.�

Fields of Specialty: Labor Economics, Econometrics, Finance, Industrial Organization.

Princeton University�������������������������������������������������������������������������������������

B.A. degree in Economics, summa cum laude, 1995.

Top student in the Economics department - Halbert White �72 Prize in Economics.

Experience

CORNERSTONE RESEARCH���������

Manager.�

Prepared economic expert witness testimony for complex business litigation including antitrust, intellectual property, and general damages cases.� Conducted economic and econometric research with Professors at Stanford, U.C. Berkeley, M.I.T., Princeton University, and U.S.C in diverse industries such as pharmaceuticals, petroleum, manufacturing, and telecommunications.� Analyzed and forecasted data, estimated regression models, analyzed survey data.�����

2000 - 2006.

Massachusetts Institute of Technology���������������������

Teaching Assistant.� Principles of Microeconomics.

Prepared and gave lectures three times a week.� Prepared exams and weekly assignments.� Two semesters as a recitation instructor for Professors Jonathan Gruber and Franklin Fisher.

1997 - 2000.

Research Assistant.� Professor Jonathan Gruber.

Conducted research for �Tax Subsidies for Employer-Provided Health Insurance,� written with James Poterba, Brookings Meetings on Public Finance

1995.

�PRINCETON UNIVERSITY��������������������������������������������������

Research Assistant.� Professor David Card (now at U.C. Berkeley).���������������������������������������������

Conducted research for �Minimum Wages and Employment: A Case Study of the Fast Food Industry in

New Jersey and Pennsylvania,� American Economic Review September 1994;� �Educational Attainment,

School Quality and Student Achievement,� NBER Working Paper 6766, October 1998;� Myth and

Measurement: The New Economics of the Minimum Wage (Princeton University Press, 1995).

1993 - 1995.

Skills

STATA and SAS for complex statistical and econometric analysis in PC and UNIX environments.

Awards

George and Obie Shultz Fund Grant, 1999.

Albert Zesiger Fellowship, 1995-1997.

National Science Foundation Graduate Fellowship Honorable Mention, 1995.

Halbert White �72 Prize in Economics, 1995.

National Merit Scholar, 1991.

Papers

�The Effects of Immigration on Native Educational Outcomes.�

Despite popular concerns that immigrants are harming the quality of education for native-born students, surprisingly little research has been conducted to determine if this is actually the case.� I use a reform in U.S. immigration policy as a natural experiment to estimate the effects of immigration on the educational outcomes of native-born pupils in Texas.� The reform caused a large decrease in immigration in schools along the Texas-Mexico border relative to non-border schools.� OLS estimates suggest a negative association between percentage immigrant and native pupil outcomes within schools.� However, these estimates are potentially biased downwards by omitted variables and endogeneity.� Using the reform in immigration policy as an exogenous source of variation in immigration, instrumental variable and differences-in-differences estimates suggest that immigrants have a small positive effect on the test outcomes of native Hispanics and no significant effect on native White students.� I test these results for alternative explanations such as mean reversion and

I provide evidence that resources provided for immigrants help native Hispanic students.

�Grouped-data Instrumental Variables Estimation of the Labor Supply Elasticity.�

Past estimates of the labor supply elasticity suffer from problems of measurement error and the failure of tests of overidentifying restrictions.� I use Angrist�s method of efficient Wald estimation, where categorical variables serving to group the data can be used as instrumental variables, to overcome these problems.� After applying this technique, my estimates of the labor supply elasticity range from 0.133 to 0.276.�

�Estimating Education Production Functions with State SAT Scores.�

I analyze a large panel data set of state average SAT scores to determine the effect of education policies on student achievement.� I examine methods of correcting for selection bias.

Interests / Activities

Triathlons, running, volleyball, tennis, hiking, backpacking, travel.��

Captain, Princeton Club Volleyball Team 1991-1995.

MIT Intercollegiate Volleyball Team 1996-1998.�

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