Charles I. Jones
Curriculum Vita, March 2021Graduate School of Business
655 Knight Way
Stanford, CA 94305-5015
Web: http://www.stanford.edu/~chadj, Google Scholar
Work: (650) 725-9265
- STANCO 25 Professor of Economics, Graduate School of Business, Stanford University, April 2009 - present
- Professor of Economics, January 2009 - March 2009
- Visiting Professor of Economics, January 2008 - December 2008
- Research Associate, National Bureau of Economic Research, May 2002 - Present
- Faculty Research Fellow, 1997 - 2002
- Professor, Department of Economics, U.C. Berkeley, July 2004 - 2009
- Associate Professor (tenured), July 2001 - June 2004
- Assistant Professor, Department of Economics, Stanford University, July 1993 - June 2001
- Ph.D., Economics, M.I.T. 1993
- Advisers: Olivier Blanchard (primary), Stanley Fischer, and Andrew Bernard
- National Science Foundation Graduate Fellowship, 1989-92
- A.B. Summa cum laude, Economics, Harvard University, 1989
- Williams Prize for best academic record in department
Papers and Publications -- By Topic
Why do economies grow in the long run?"Recipes and Economic Growth: A Combinatorial March Down an Exponential Tail" January 2021, Version 1.0.
"The End of Economic Growth? Unintended Consequences of a Declining Population" September 2020, Version 1.2. R&R at the American Economic Review.
"Taxing Top Incomes in a World of Ideas" December 2020, Version 3.0. R&R at the Journal of Political Economy.
"Nonrivalry and the Economics of Data" (with Chris Tonetti), American Economic Review, September 2020, Vol. 110 (9), pp. 2819-2858.
"Are Ideas Getting Harder to Find?" (with Nick Bloom, John Van Reenen, and Michael Webb), American Economic Review, April 2020, Vol. 110 (4), pp. 1104-1144.
"The Allocation of Talent and U.S. Economic Growth" (with Chang Hsieh, Erik Hurst, and Pete Klenow), Econometrica, September 2019, Vol. 87 (5), pp. 1439-1474 (lead article).
"Paul Romer: Ideas, Nonrivalry, and Endogenous Growth" Scandinavian Journal of Economics, July 2019, Vol. 121 (3), pp. 859-883.
"Artificial Intelligence and Economic Growth" (with Philippe Aghion and Ben Jones) in Agrawal, Gans, and Goldfarb, The Economics of Artificial Intelligence: An Agenda, University of Chicago Press, 2019.
"The Productivity Slowdown in Advanced Economies" ECB Forum on Central Banking, June 2017.
"The Facts of Economic Growth" Handbook of Macroeconomics, 2016, Vol. 2A, pp. 3-69.
"Life and Growth" Journal of Political Economy, April 2016, Vol. 124 (2), pp. 539-578.
"The Future of U.S. Economic Growth" (with John Fernald), American Economic Review Papers and Proceedings, May 2014, Vol. 104 (5), pp. 44-49.
"The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital" (with Paul Romer) American Economic Journal: Macroeconomics, January 2010, Vol. 2 (1), pp. 224-245.
"A New Proof of Uzawa's Steady-State Growth Theorem" (with Dean Scrimgeour), Review of Economics and Statistics, February 2008, Vol. 90 (1), pp. 180-182.
"The Shape of Production Functions and the Direction of Technical Change" Quarterly Journal of Economics, May 2005, Vol. 120 (2), pp. 517-549.
"Growth and Ideas" in P. Aghion and S. Durlauf (eds.) Handbook of Economic Growth (Elsevier, 2005) Volume 1B, pp. 1063-1111.
"Population and Ideas: A Theory of Endogenous Growth" in Aghion, Frydman, Stiglitz, and Woodford (eds.) Knowledge, Information, and Expectations in Modern Macroeconomics: In Honor of Edmund S. Phelps (Princeton University Press) 2003.
"Sources of U.S. Economic Growth in a World of Ideas" American Economic Review, March 2002, Vol. 92 (1), pp. 220-239.
"Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run" Advances in Macroeconomics, August 2001, Vol. 1, No. 2, Article 1.
"Growth: With or Without Scale Effects?" American Economic Review Papers and Proceedings, May 1999, Vol. 89, pp. 139-144.
"R&D-Based Models of Economic Growth" Journal of Political Economy, August 1995, Vol. 103, pp. 759-784.
"Time Series Tests of Endogenous Growth Models" Quarterly Journal of Economics, May 1995, Vol. 110, pp. 495-525.
Why are some countries so much richer than others?"Race and Economic Well-Being in the United States" (with Brouillette and Klenow), November 2020, Version 0.3 (slides)
"Beyond GDP? Welfare across Countries and Time" (with Pete Klenow), American Economic Review, September 2016, Vol. 106 (9), pp. 2426-2457.
"Misallocation, Input-Output Economics, and Economic Growth" in D. Acemoglu, M. Arellano, and E. Dekel, Advances in Economics and Econometrics, Tenth World Congress, Volume II, Cambridge University Press, 2013.
"Intermediate Goods and Weak Links in the Theory of Economic Development" American Economic Journal: Macroeconomics, April 2011, Vol. 3 (2), pp. 1-28.
"Why Do Some Countries Produce So Much More Output per Worker than Others?" (with Robert E. Hall), Quarterly Journal of Economics, February 1999, Vol. 114, pp. 83-116.
"On the Evolution of the World Income Distribution" Journal of Economic Perspectives, Summer 1997, Vol. 11, pp. 19-36.
"Convergence Revisited" Journal of Economic Growth, July 1997, Vol. 2, pp. 131-153.
"Levels of Economic Activity across Countries" (with Robert E. Hall), American Economic Review Papers and Proceedings, May 1997, Vol. 87, pp.173-177.
"Economic Growth and the Relative Price of Capital" Journal of Monetary Economics, December 1994, Vol. 34, pp. 359-382.
Top income inequality"A Schumpeterian Model of Top Income Inequality" (with Jihee Kim), Journal of Political Economy, October 2018, Volume 126 (5), pp. 1785-1826 (lead article).
Winner of the 2021 Robert E. Lucas Jr. Prize.
"Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality," Journal of Economic Perspectives, Winter 2015, Volume 29 (1), pp. 29-46.
The macroeconomics of health spending"The Value of Life and the Rise in Health Spending" (with Robert E. Hall), Quarterly Journal of Economics, February 2007, Vol. 122 (1), pp. 39-72.
"Insurance and Incentives for Medical Innovation" (with Alan Garber and Paul Romer), Forum for Health Economics & Policy, 2006, Forum: Biomedical Research and the Economy: Article 4.
"Why Have Health Expenditures as a Share of GDP Risen So Much?" U.C. Berkeley working paper, May 5, 2004. (A revision of NBER Working Paper 9325 from November 2002).
COVID-19 Papers"Macroeconomic Outcomes and COVID-19: A Progress Report" with Jesus Fernandez-Villaverde
Version 1.0, October 2020, prepared for Brookings Papers on Economic Activity (slides | replication files)
"Estimating and Simulating a SIRD Model of COVID-19 for Many Countries, States, and Cities" with Jesus Fernandez-Villaverde
Version 2.0, May 2020 (Dashboard) (slides) (summary spreadsheet) (detailed spreadsheet)
"Trading Off Consumption and COVID-19 Deaths" with Bob Hall and Pete Klenow (slides)
Minneapolis Fed Quarterly Review, June 2020.
Is there too much or too little R&D?"Too Much of a Good Thing? The Economics of Investment in R&D" (with John Williams), Journal of Economic Growth, March 2000, Vol. 5, No. 1, pp. 65-85.
"Measuring the Social Return to R&D" (with John Williams), Quarterly Journal of Economics, November 1998, Vol. 113, pp. 1119-1135.
Empirical work on sectoral convergence"Comparing Apples to Oranges: Reply" (with Andrew Bernard), American Economic Review. September 2001, Vol. 91 (4), pp. 1168-69.
"Comparing Apples to Oranges: Productivity Convergence and Measurement Across Industries and Countries" (with Andrew Bernard), American Economic Review, December 1996, Vol. 86, pp. 1216-1238.
"Technology and Convergence"(with Andrew Bernard), Economic Journal, July 1996, Vol. 106, pp. 1037-1044.
"Productivity and Convergence Across U.S. States and Industries" (with Andrew Bernard), Empirical Economics, March 1996, Vol. 21, pp. 113-135.
"Productivity Across Industries and Countries: Time Series Theory and Evidence" (with Andrew Bernard), Review of Economics and Statistics, February 1996, Vol. 78 (1), pp. 135-146.
Comments, Notes, Etc."New ideas about new ideas: Paul Romer, Nobel laureate" for VoxEU.org
"On the 25th Anniversary of Romer (1990)" October 2015.
"Discussion of Angus Deaton Presentation" at the Nobel Symposium on Growth and Development, September 3 - 5, 2012.
"To Close the Gap," Book review of Michael Spence, The Next Convergence. In Science, Vol. 334, November 18, 2011, p. 906.
"Comment on La Porta and Shleifer `The Unofficial Economy and Economic Development'" Brookings Papers on Economic Activity, December 2008, pp. 353-359.
"A Simple Mincerian Approach to Endogenizing Schooling" U.C. Berkeley working paper, April 2007.
"More Life vs. More Goods: Explaining Rising Health Expenditures" Federal Reserve Bank of San Francisco Economic Letter 2005-10; May 27, 2005.
"The Fiscal Problem of the 21st Century" Federal Reserve Bank of San Francisco Economic Letter 2003-27; September 19, 2003.
"Human Capital, Ideas, and Economic Growth" in Paganetto, L. and E.S. Phelps (ed.) Finance, Research, Education, and Growth (New York: Palgrave) 2003.
"Comment on Dowrick-DeLong, `Globalisation and Convergence'" in Bordo, M., Taylor, A. and J. Williamson (eds.) Globalization in Historical Perspective (NBER, University of Chicago Press) 2003.
"Using Chain-Weighted NIPA Data" Federal Reserve Bank of San Francisco Economic Letter 2002-22, August 2, 2002.
"The Economic Return to Health Expenditures" Federal Reserve Bank of San Francisco Economic Letter 2001-36, December 14, 2001.
"The Future of the New Economy" Federal Reserve Bank of San Francisco Economic Letter 2001-14, May 11, 2001.
"Comment on Nazrul Islam, `Different Approaches to International Comparisons of Total Factor Productivity'" in C.R. Hulten, E.R. Dean, and M.J. Harper (eds.) New Developments in Productivity Analysis (NBER, University of Chicago Press) 2001.
"Comment on Rodriguez-Rodrik, `Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence'". NBER Macroeconomics Annual 2000 (MIT Press).
"A Note on the Closed-Form Solution of the Solow Model" Stanford working paper, January 2000.
"Comment on Klenow-Rodriguez, `The Neoclassical Growth Revival: Has it Gone too Far?'" NBER Macroeconomics Annual 1997 (MIT Press).
BooksMacroeconomics (W.W. Norton). 2020 (5th edition), 2017 (4th edition), 2014 (3rd edition), 2011 (2nd edition), 2010 (economic crisis update), 2008 (first edition).
Introduction to Economic Growth (W.W. Norton, 2013 Third Edition, with Dietrich Vollrath). First Edition, 1998, available in Chinese, English, French, Japanese, Portuguese, and Spanish.
Honors and ActivitiesStanford University, Graduate School of Business:
- -- Area coordinator for economics, September 2019 - present
-- Head of economics junior faculty recruiting, September 2012 - present
-- Charles and Melissa Froland Faculty Fellow, 2017-2020
-- BP Faculty Fellow in Global Management, 2013 - 2014
-- John Osterweis and Barbara Ravizzi Faculty Fellow, 2010 - 2011
Member of the American Academy of Arts and Sciences, 2019 - present
Fellow of the Econometric Society, 2020 - present
Co-editor, Econometrica, July 2019 - present.
Associate Editor, Quarterly Journal of Economics, 1999 - 2019.
Associate Editor, Journal of Economic Growth, 1998 - present.
Associate Editor, American Economic Journal: Macroeconomics, 2007 - 2015.
Co-editor, Journal of Economic Perspectives, 2009 - 2011.
Co-editor, The B.E. Journals in Macroeconomics, 2000 - 2006.
Co-organizer of NBER Economic Fluctuations and Growth small group on economic growth:
- -- with Pete Klenow, 2000 - 2016.
-- with Alwyn Young, 1996 - 1999.
Senior Fellow, Stanford Institute for Economic Policy Research, April 2016 - present.
Visiting Scholar, Federal Reserve Bank of San Francisco, 2000 - present.
Co-recipient of the 2021 Robert E. Lucas Jr. Prize from the JPE.
Honorary Senior Fellow, Rimini Centre for Economic Analysis, 2020-present
Member, Panel of advisers for the Brookings Productivity Measurement Initiative, August 2018 - present.
- Simpson Lecture at Princeton: "The Future of Economic Growth" October 2018
- Plenary Talk at the Society for Economic Dynamics meeting in Warsaw, June 2015
- Maddison Lecture at Groningen, September 2014
Member, Congressional Budget Office Panel of Economic Advisers, April 2012 - March 2014.
- Invited Lecture, Tenth World Congress of the Econometric Society, 2010
Member, Toulouse Network for Information Technology, 2005 - 2008.
Research Fellow, Hong Kong Institute of Monetary Research, Summer 2005, 2006.
John M. Olin Foundation Faculty Fellow, 2000 - 2001
Alfred P. Sloan Foundation Research Fellow, 1999 - 2001
National Fellow, Hoover Institution, 1996 - 1997
National Science Foundation Grants
- SES-0720994: "Why are Some Countries Richer than Others? Intermediate Goods and Weak Links in the Theory of Economic Development," 2007-2009
- SES-0242000: "Growth, Capital Shares, and a New Production Function," 2003 - 2007
- SBR-9818911: "Population, Ideas, and Economic Growth," 1999 - 2002
- SBR-9510916: "R&D-Based Models of Semi-Endogenous Growth," 1995 - 1998