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Daniels School Faculty

Justin Tobias

Justin Tobias

Professor, Department of Economics
Loeb Chair in Economics

Education

Ph.D., Economics, University of Chicago

Justin Tobias is Professor of Economics at Purdue University. His research and teaching interests are in econometrics, specifically the theory and application of Bayesian econometric methods.

Professor Tobias is a Distinguished Author of the Journal of Applied Econometrics and Associate Editor of the Journal of the American Statistical Association, Journal of Business and Economic Statistics and Journal of Applied Econometrics. He is also a co-author of the textbook Bayesian Econometric Methods  (with Dale J. Poirier and Gary Koop) and has previously held tenured positions at Iowa State University and the University of California-Irvine.

Journal Articles

  • Chan, J. and Tobias, J.L. (2015). "Priors and Posterior Computation in Linear Endogenous Variables Models with Imperfect Instruments." Journal of Applied Econometrics
  • Kline, B. and J.L. Tobias (2014). "Explaining Trends in Body Mass Index Using Demographic Counterfactuals." Econometric Reviews 172-196.
  • Y. Xiong, F. Mannering and Tobias, J.L. (2014). "The Analysis of Vehicle Crash Injury-Severity Data: A Markov Switching Approach with Road-Segment Heterogeneity." Transportation Research Record Part B
  • Li, M., Mumford, K. and J.L. Tobias (2012). "Bayesian Analysis of Payday Loans and their Regulation." Journal of Econometrics 205-216.
  • B. Abidoye, J. Herriges and J.L. Tobias (2012). "Controlling for Observed and Unobserved Site Characteristics in RUM Models of Recreation Demand." American Journal of Agricultural Economics 1070-1093.
  • Li, Mingliang and Tobias, J.L. (2011). "Bayesian Inference in a Correlated Random Coefficients Model: Modeling Causal Effect Heterogeneity with and Application to Heterogeneous Returns to Schooling." Journal of Econometrics 346-361.
  • Li. M. & Tobias, J. (2011). "Bayesian methods in microeconometrics." Handbook of Bayesian Econometrics
  • Lopes, H. and Tobias, J. (2011). "Confronting Prior Convictions: On issues of prior sensitivity and likelihood robustness in Bayesian Analysis." Annual Review of Economics
  • Tobias, J. (2010). "Volitility in Agribusiness Oriented Asset Markets: Peeking Through a Bayesian Window." American Journal of Agricultural Economics
  • Tobias, J.L., C. Kling, C-C/ Liu, J. Herriges (2010). "What are the Consequences of Consequentiality?" Journal of Environmental Economics and Management
  • Tobias, J.L., J. Herriges and D. Phaneuf (2008). "Estimating Demand Systems When Outcomes are Correlated Counts." Journal of Econometrics
  • Tobias, J.L. and B. Kline (2008). "The Wages of BMI: Bayesian Analysis of a Skewed Treatment Response Model with Nonparametric Endogeneity." Journal of Applied Econometrics
  • Ranjan, P. and Tobias, J.L. (2007). "Bayesian Inference for the Gravity Model." Journal of Applied Econometrics
  • Li, M. and J.L. Tobias (2006). "Bayesian Analysis of Structural Effects in an Ordered Equation System." Studies in Nonlinear Dynamics and Econometrics
  • Li, M. and Tobias, J.L. (2006). "Calculus Attainment and Grades Received in Intermediate Economic Theory." Journal of Applied Econometrics
  • J.L. Tobias (2006). "Estimation, Learning and Parameters of Interest in a Multiple Outcome Selection Model." Econometric Reviews
  • Koop, G. and J.L. Tobias (2006). "Semiparametric Bayesian Inference in Smooth Coefficient Models." Journal of Econometrics
  • Tobias, J.L. and M. Li (2005). "Bayesian Modeling of Schools Effects Using Hierarchical Models with Smoothing Priors." Studies in Nonlinear Dynamics and Econometrics
  • Koop, G., Poirier, D.J. and J.L. Tobias (2005). "Semiparametric Bayesian Inference in Multiple Equations Models." Journal of Applied Econometrics
  • Tobias, J.L. (2004). "Assessing Assessments of School Performance: The Case of California." The American Statistician
  • Koop, G. and Tobias, J.L. (2004). "Learning About Heterogeneity in Returns to Schooling." Journal of Applied Econometrics
  • Li, M. and Tobias, J.L. (2003). "A Finite Sample Hierarchical Analysis of Wage Variation Across Public High Schools: Evidence From the NLSY and High School and Beyond." Journal of Applied Econometrics
  • Tobias, J.L. (2003). "Are Returns to Schooling Concentrated Among the Most Able? A Semiparametric Analysis of the Ability-Earnings Relationships." Oxford Bulletin of Economics and Statistics
  • Li, M., Poirier, D.J. and J.L. Tobias (2003). "Do Dropouts Suffer From Dropping Out? Estimation and Prediction of Outcome Gains in Generalized Selection Models." Journal of Applied Econometrics
  • Poirier, D.J. and J.L. Tobias (2003). "On the Predictive Distributions of Outcome Gains in the Presence of an Unidentified Parameter." Journal of Business and Economic Statistics
  • Heckman, J.J., Vytlacil, E. and Tobias, J.L. (2003). "Simple Estimators for Treatment Parameters in a Latent Variable Framework." Review of Economics and Statistics
  • Tobias, J. L. and Zellner, A. (2001). "Aggregation, Disaggregation and Forecasting Performance." Journal of Forecasting
  • J.L. Tobias (2001). "Forecasting Output Growth Rates and Median Output Growth Rates: A Hierarchical Bayesian Approach." Journal of Forecasting
  • Heckman, J., Vytlacil, E. and J.L. Tobias (2001). "Four Parameters of Interest in the Evaluation of Social Programs." Southern Economic Journal
  • Tobias, J.L. and Zellner, A. (2001). "Further Results on Bayesian Method of Moments Analysis of the Multiple Regression Model." International Economic Review
  • DiNardo, J. and Tobias, J.L. (2001). "Nonparametric Density and Regression Estimation." Journal of Economic Perspectives

Books

  • Koop, G., Poirier, D.J. and Tobias, J.L. (2007). "Bayesian Econometric Methods." Cambridge University Press

Book Chapters

  • Li, M. and Tobias, J.L. (2014). "Bayesian Analysis of Treatment Effect Models." Bayesian Inference in the Social Sciences 63-90.
  • D.J. Poirier and J.L. Tobias (2006). "Bayesian Econometrics." Palgrave Handbook of Econometrics, Volume 1: Econometric Theory
  • PURCE Rendering

    Centered on Economics

    The Purdue University Research Center in Economics (PURCE), a fast-growing initiative in need of space, will soon have a new home in the Krannert School of Management to conduct empirical research in economics focused on the role of incentives and markets in public policy.

    Full story: Centered on Economics

  • Purdue trustees approve naming of Krannert faculty positions and study abroad program

    The Purdue University Board of Trustees has ratified two named faculty positions at Krannert and approved the naming of the school's study abroad program in honor of an alumna. Professor Justin Tobias was named the Loeb Chair in Economics, while Associate Professor Kevin Mumford was named the Kozuch Director of the Purdue University Research Center in Economics (PURCE). Trustees also approved a resolution of appreciation for those who recently contributed $1 million or more to the university, including Krannert alumna Nancy Handel, whose ongoing gift commitments will create the Nancy H. Handel Study Abroad Program.

    Full story: Purdue trustees approve naming of Krannert faculty positions and study abroad program

Contact

jltobias@purdue.edu
Phone: (765) 494-8570
Office: RAWL 4076

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