Jay Zagorsky
Clinical Associate Professor, Markets, Public Policy, and Law
I am a cross-disciplinary researcher who has spent over two decades of researching a wide variety of personal wealth topics. I try to explain why some people become rich, others are poor and some move between these two states. I am currently synthesizing this research into a book that presents the results of my academic research and other wealth researchers in an accessible format.
Much of my wealth research is based on data gathered from the National Longitudinal Surveys (NLS). These surveys have followed thousands of people from the time they were teenagers until the ends of their lives. I served at Ohio State University for 23 years as the survey’s Research Scientist. Beyond my wealth research, I worked as a big data scientist who investigated numerous issues in education for the Ohio Educational Research Center (OERC).
For a number of years in addition to my academic research I have written shorter more popular pieces for magazines, newspapers and websites. I am a writer and columnist for TheConversation.com, an edited website where paid professional journalists work with academics to deliver news and analysis. I am one of the most prolific writer’s for TheConversation’s U.S. edition, with 115 articles. My articles written for this website have been read by over 5 million people. These articles have been widely republished in places like the Washington Post, Houston Chronicle, Newsweek as well as online in sites like Quartz and Salon. In addition I maintain personal blogs at both Ohio State and Boston University that receive extensive traffic.
Beyond my writing for TheConversation I have published articles in the Wall Street Journal, CNN, The Boston Globe, Fast Company and other outlets like The Academic Minute. I have also done an extremely large number of interviews, radio talk shows and television appearances about my academic research, with a search using Google News showing thousands of mentions.
Last,, I have taught extensively in both business and liberal arts colleges. My lectures cover a wide variety of economics, statistics, quantitative methods and information system topics. I have taught over 100 full-semester university courses and graded 7,000 college students in classes ranging from giant lectures of over 450 students to small seminars. In addition, I have taught numerous short classes on specialized topics. All my teaching has been rewarded by consistently excellent evaluations and a number of awards. I have also written three textbooks; one on macroeconomics; one on managerial economics; and one on finding data to run a business.
Education
PhD, Boston University, 1992
MA, Boston University, 1987
BA, Brandeis University, 1983
Selected Research Presentations
Zagorsky, J. Keynote Address: Labor Trends and the US Postal Service, Labor Trends and the U.S. Postal Service, Washington D.C. and Online, 2022
Zagorsky, J. The Great Resignation: Workplace Shifts, MassCPAs Educators Conference, Zoom, 2022
Publications
Zagorsky, J. (2023). “4 business lessons from the Boston Tea Party”, TheConversation
Zagorsky, J., Karaca, H. (2023). “Airlines are frustrating travelers by changing frequent flyer program rules – here’s why they keep doing it”, CNN
Abouchalache, P., Zagorsky, J. (2023). “Oh, Christmas tree: The economics of the US holiday tree industry”, Scientific American
Zagorsky, J. (2023). “Scrapping the state’s liquor license law makes economic sense”, Commonwealth Beacon
Zagorsky, J. (2023). “What today’s labor leaders can learn from the explosive rise and quick fall of the typesetters union”, TheConversation
Zagorsky, J. (2023). How Did the Great Resignation Impact Government Jobs?.”Pivoting Government through Digital Transformation”, Taylor – Francis
Zagorsky, J. (2023). “New data reveal US space economy’s output is shrinking – an economist explains in 3 charts”, FastCompany
Karaca, H., Zagorsky, J. (2023). “What Do We Know About Loyalty Programs?”, Insights: Consumer Neuroscience in Business (41), 4-6
Zagorsky, J. (2023). “Passport bottleneck is holding up international travel by Americans eager to see the world as COVID-19 eases”, TheConversation
Zagorsky, J. (2023). “Prom price index shows cost of celebration is getting relatively cheaper – even at a time of high inflation”, Fortune Magazine
Zagorsky, J. (2023). “I tried to pay my taxes in cash – here’s what happened, and why the IRS should make it easier to do so”, Fortune Magazine
Zagorsky, J. (2023). “Vinyl record sales keep spinning and spinning – with no end in sight”, Fortune Magazine
Karaca, H., Zagorsky, J. (2023). “Two business school professors break down the deeper reasons why Starbucks customers were so enraged when the company changed its loyalty program”, Fortune
Zagorsky, J. (2022). “Buying gifts? Why ‘buy now, pay later’ could be a dangerous option for many holiday shoppers”, Marketwatch
Karaca, H., Zagorsky, J. (2022). “Book today with Frequent Flier miles for best Thanksgiving deal: Economists”, New York Post
Zagorsky, J. (2022). “How winning record $2 billion Powerball jackpot could still lead to bankruptcy”, TheConversation
Zagorsky, J. (2022). “Why bank robbing has gone out of style”, New York Post
Zagorsky, J. (2022). “How can Apple hold the line on iPhone prices amid soaring inflation?”, Marketwatch
Zagorsky, J. (2022). “Back to school: Here’s where inflation is hitting the hardest”, MarketWatch
Zagorsky, J. (2022). “Federal gas tax holiday: Biden says it will provide ‘a little bit of relief’ – but experts say even that may be a stretch”, TheConversation
Zagorsky, J. (2022). “Yes, fireworks prices are skyrocketing, but there should be plenty of bottle rockets and sparklers”, TheConversation
Zagorsky, J. (2022). “The Great Resignation: Historical data and a deeper analysis show it’s not so great”, FastCompany
Zagorsky, J. (2021). “El Salvador is making bitcoin ‘legal tender’ — but don’t expect the dollar to disappear there”, MarketWatch
Zagorsky, J. (2021). “COVID-19 recession: One of America’s deepest downturns was also its shortest after bailout-driven bounceback”, TheConversation
Zagorsky, J. (2021). “Created 130+ Online videos for Questrom OMBA program”,
Crandall, R., Zagorsky, J., Rockenbach, A., Mayhew, M. (2021). “First-Year LGBQ+ Students in Higher Education: Who Are They and Where Do They Enroll?”, Journal of College Student Development, 62 (4), 499-504
Zagorsky, J. (2020). “What Congress got wrong about calculating the unemployment insurance benefit”, CNN
Zagorsky, J., Smith, P. (2020). “Who drinks soda pop? Economic status and adult consumption of sugar-sweetened beverages.”, Econ Hum Biol, 38 100888-
Zagorsky, J. (2020). “The case for keeping coins around in the United States”, CNN
Zagorsky, J. (2020). “Poorest Americans drink a lot more sugary drinks than the richest – which is why soda taxes could help reduce gaping health inequalities”, TheConversation
Zagorsky, J. (2020). “Why are so many people lighting off fireworks?”, TheConversation & Popular Science
Zagorsky, J. (2020). “The flowers you buy your mom for Mother’s Day may be tied to the US war on drugs”, TheConversation
Zagorsky, J. (2020). “Coronavirus unemployment at nearly 15% is still shy of the record high reached during the Great Depression”, TheConversation
Zagorsky, J. (2020). “How high will unemployment go? During the Great Depression, 1 in 4 Americans were out of work”, TheConversation
Zagorsky, J. (2020). “There’s plenty of toilet paper – so why are people hoarding it?”, TheConversation.com; Business Insider; Snopes; Channel News Asia
Zagorsky, J. (2020). “Coronavirus: A simple way to keep workers – and the economy – from getting sick”, TheConversation.com & Marketwatch
Zagorsky, J. (2020). “How Prohibition changed the way Americans drink, 100 years ago”, TheConversation
Zagorsky, J. (2019). “Why are so few people born on Christmas Day, New Year’s and other holidays?”, TheConversation
Zagorsky, J. (2019). “How to pick the “right” amount to spend on holiday gifts – according to an economist”, TheConversation
Zagorsky, J. (2019). “Half a billion on Halloween pet costumes is latest sign of America’s out-of-control consumerism”, TheConversation
Zagorsky, J. (2019). “Wall Street is ignoring the omens of recession – here’s why”, TheConversation
Zagorsky, J. (2019). “Why would anyone want to sit on a plane for over 18 hours? An economist takes the world’s longest flight”, TheConversation
Zagorsky, J. (2019). “‘Avengers: Endgame’ is nowhere near the worldwide box office record – here’s why”, TheConversation
Zagorsky, J. (2019). “Thanks, ‘Avengers: Endgame,’ for reminding us why inflation matters”, TheConversation
Zagorsky, J. (2019). “Facebook claims Libra offers economic empowerment to billions – an economist is skeptical”, TheConversation
Zagorsky, J. (2019). “No, Americans shouldn’t fear traveling abroad”, TheConversation
Zagorsky, J. (2019). “A country can never be too rich, too beautiful or too full of people”, TheConversation
Zagorsky, J. (2019). “Is doing your taxes making you crazy? Here’s why it shouldn’t”, TheConversation
Zagorsky, J. (2019). “Rise and fall of the landline: 143 years of telephones becoming more accessible – and smart”, TheConversation
Zagorsky, J. (2019). “How electric cars could make America’s crumbling roads even worse”, TheConversation
Zagorsky, J. (2019). “Les fonctionnaires americains se serrent la ceinture pendant que Trump offre des hamburgers”, TheConversation
Zagorsky, J. (2019). “Federal workers begin to feel pain of shutdown as 800,000 lose their paychecks”, TheConversation
Zagorsky, J., Smith, P. (2018). “You can probably eat more Christmas cookies than you think – just take a look at the calorie guidelines”, TheConversation
Zagorsky, J. (2018). “An economist talks turkey: 5 facts about Thanksgiving pricing”, TheConversation
Zagorsky, J. (2018). “Trump’s tariffs don’t apply to American flag imports from China – but they should”, TheConversation
Zagorsky, J. (2018). “Got the winning lottery ticket? An economist explains what to do with all that money”, TheConversation
Zagorsky, J. (2018). “How winning $1.54 billion in Mega Millions could still lead to bankruptcy”, TheConversation
Zagorsky, J. (2018). “Why the unemployment rate will never get to zero percent – but it could still go a lot lower”, TheConversation
Smith, P., Zagorsky, J. (2018). ““Do I look fat?” Self-perceived body weight and labor market outcomes”, Economics & Human Biology, 30 48-58
Zagorsky, J. (2018). “¿Quiere ahorrar en sus viajes? Piense como un economista”, TheConversation
Zagorsky, J. (2018). “Save money when traveling abroad by thinking like an economist”, TheConversation
Zagorsky, J. (2018). “The Curse of Cash, by Kenneth S. Rogoff (Princeton University Press, Princeton, NJ, 2016).”, Economic Record, 94 342-343
Zagorsky, J. (2018). “I’m an economist riding a bike across America, defying what the data says about cycling’s safety”, TheConversation
Zagorsky, J. (2018). “Does thinking you look fat affect how much money you earn?”, TheConversation
Zagorsky, J. (2018). “Men suffer about 70 percent of fireworks injuries – and other 4th of July facts”, TheConversation
Zagorsky, J. (2018). “Market for illegal sports betting in US is not really a $150 billion business”, TheConversation
Zagorsky, J. (2018). “What is full employment? An economist explains the latest jobs data”, TheConversation
Zagorsky, J. (2018). “Should you insure that trip or TV? Here’s what an economist would do”, TheConversation
Zagorsky, J. (2018). “How to deal with life’s risks more rationally”, TheConversation
Zagorsky, J. (2018). “What is March Madness – and the nonprofit that manages the mayhem?”, TheConversation
Zagorsky, J. (2018). “Why the global stock market crash doesn’t really matter”, TheConversation
Zagorsky, J., Mayhew, M., Rockenbach, A., Selznick, B. (2018). “Does college turn people into liberals?”, TheConversation
Zagorsky, J. (2018). “Macron’s pledge to wipe out coal is just as meaningless as Trump’s plan to revive it”, TheConversation
Zagorsky, J. (2017). “Naughty or nice: Is there a financial reward for acting ethically?”, TheConversation
Zagorsky, J. (2017). “GOP plan to tax college endowments like Yale’s and Harvard’s would be neither fair nor effective”, TheConversation
Zagorsky, J., Smith, P. (2017). “The association between socioeconomic status and adult fast-food consumption in the U.S.”, Economics & Human Biology, 27 12-25
Zagorsky, J. (2017). “Why Puerto Rico doesn’t count to the US government”, TheConversation
Zagorsky, J. (2017). “In defense of cash: why we should bring back the $500 note and other big bills”, TheConversation
Zagorsky, J. (2017). “Economist who helped behavioral nudges go mainstream wins Nobel”, TheConversation
Zagorsky, J. (2017). “Are catastrophic disasters striking more often?”, TheConversation
Zagorsky, J. (2017). “Have we forgotten the true meaning of Labor Day?”, TheConversation
Zagorsky, J. (2017). “The penny may be worthless, but let’s keep it anyway”, TheConversation
Zagorsky, J. (2017). “Thinking like an economist can make your next trip abroad cheaper”, TheConversation
Zagorsky, J. (2017). “How Trump’s nominee for the Fed could turn central banking on its head”, TheConversation
Zagorsky, J. (2017). “America’s dangerous love for pyrotechnics: 4 facts about fireworks”, TheConversation
Zagorsky, J., Smith, P. (2017). “Do poor people eat more junk food than wealthier Americans?”, TheConversation
Zagorsky, J. (2017). “Census director’s resignation could affect control of Congress after 2020”, TheConversation
Zagorsky, J. (2017). “Would Trump’s tax cut be the biggest ever? Fat chance”, TheConversation
Zagorsky, J. (2017). “How workers – not companies – are bearing the growing burden of government”, TheConversation
Zagorsky, J. (2017). “Why higher interest rates should make you happy”, TheConversation
Zagorsky, J. (2017). “Divergent Trends in US Maternity and Paternity Leave, 1994–2015”, American Journal of Public Health, 107 460-465
Zagorsky, J. (2017). “Does it matter if Trump doesn’t like economists?”, TheConversation
Zagorsky, J. (2017). “Why Wall Street’s Dow 20,000 is totally meaningless”, TheConversation
Zagorsky, J. (2017). “Paid family leave policies are expanding, but are new mothers actually taking time off?”, TheConversation
Zagorsky, J. (2017). “Ethical behaviors and wealth: Generation Y’s experience”, Journal of Financial Counseling and Planning, 28 181-195
Zagorsky, J. (2016). “How to get ready for the economic recession coming in 2017”, TheConversation
Zagorsky, J. (2016). “Have reports of Black Friday’s death been greatly exaggerated?”, TheConversation
Zagorsky, J. (2016). “Why does the price of turkeys fall just before Thanksgiving?”, TheConversation
Zagorsky, J. (2016). “What Donald Trump’s surprise victory means for the economy and business”, TheConversation
Zagorsky, J. (2016). “How to get the most candy on Halloween (without resorting to extortion)”, TheConversation
Zagorsky, J. (2016). “Why is taking photographs banned in many museums and historic places?”, TheConversation
Zagorsky, J. (2016). “Eager for some good economic news? New census report has you covered”, TheConversation
Zagorsky, J. (2016). “Trump’s economics speech: seeking conservative cred and kissing babies”, TheConversation
Zagorsky, J. (2016). “If cash is king, how can stores refuse to take your dollars?”, TheConversation
Zagorsky, J. (2016). “Will Cleveland get an economic boost from Trump’s GOP coronation?”, TheConversation
Zagorsky, J. (2016). “Brexit backers claim U.K. is drowning in EU regulations – are Americans underwater too?”, TheConversation
Zagorsky, J. (2016). “Weak jobs report shows we need a president with a plan, but it’s too soon to panic”, TheConversation
Zagorsky, J. (2016). “Why are fewer people getting married?”, TheConversation
Zagorsky, J. (2016). “What is Brazilian President Dilma Rousseff’s real crime?”, TheConversation
Zagorsky, J., Smith, P. (2016). “Does Asthma Impair Wealth Accumulation or Does Wealth Protect Against Asthma?*”, Social Science Quarterly, 97 1070-1081
Zagorsky, J. (2016). “Could gambling be the secret to saving when rates are so low?”, TheConversation
Zagorsky, J. (2016). “From Panama papers to Brazilian bribes: why corruption is so costly”, TheConversation
Zagorsky, J. (2016). “Are blondes actually dumb?”, TheConversation
Zagorsky, J., Cohen, J. (2016). “U.S. is a land of plenty, so why do millions of Americans still go hungry?”, TheConversation
Zagorsky, J. (2016). “Will Republican tax plans make America great again?”, TheConversation
Zagorsky, J. (2016). “How do we know the Zika virus will cost the world $3.5 billion?”, TheConversation
Zagorsky, J. (2016). “How do we know if we’re in a global recession?”, TheConversation
Zagorsky, J. (2016). “Odds are $1.5 billion Powerball winner will end up bankrupt”, TheConversation
Zagorsky, J. (2016). “Outlook for 2016: middle-class woes, hopeful on wages, the fear factor”, TheConversation
Zagorsky, J. (2016). “Are blondes really dumb?”, Economics Bulletin, 36 401-410
Zagorsky, J. (2015). “Latest Star Wars film may be biggest movie of all time – just not at the box office”, TheConversation
Zagorsky, J. (2015). “Fed interest rate hike may have less of an impact than you think”, TheConversation
Zagorsky, J. (2015). “Explainer: why does the price for turkeys fall just before Thanksgiving?”, TheConversation
Zagorsky, J. (2015). Wealth and Weight. In Inas R, Kelly., John, Komlos. (Eds.), “Wealth and Weight”, Oxford University Press
Zagorsky, J. (2015). “Why Google’s plan to blanket wilderness with Wi-Fi is a bad idea”, TheConversation
Zagorsky, J. (2015). “Plain cigarette packaging: healthier citizens, sicker state finances?”, TheConversation
Zagorsky, J., Koppel, A. (2015). “L’impact economique du paquet de cigarettes neutre”, TheConversation
Zagorsky, J., Koppel, A. (2015). “Uber et Frederic Bastiat”, TheConversation
Zagorsky, J. (2015). “The tale of Uber and a 19th-century French economist”, TheConversation
Zagorsky, J. (2015). “Explainer: why stocks fall when the Fed considers raising interest rates”, TheConversation
Zagorsky, J. (2015). “Are we overscheduling our kids from the moment they’re born? The real ‘labor’ economics”, TheConversation
Zagorsky, J. (2015). “Three reasons why most of us shouldn’t worry about the global stock market meltdown”, TheConversation
Zagorsky, J. (2015). “What do zombies, pandemics and the price of eggs have in common?”, TheConversation
Zagorsky, J. (2015). “Why you shouldn’t fear your finances (you’re probably richer than you think)”, TheConversation
Zagorsky, J. (2015). “Is it time to ban all individuals from shooting off fireworks?”, TheConversation
Zagorsky, J. (2015). “A cautionary tale of what happens when a country like Greece closes its banks”, TheConversation
Zagorsky, J. (2015). “Jeb Bush promises 4% growth. Could ‘President Bush III’ deliver?”, TheConversation
Zagorsky, J. (2015). “Past minimum wage gains make LA’s $6 hike appear rather puny”, TheConversation
Zagorsky, J. (2015). “OMG! Proms are actually getting cheaper compared with the price of everything else”, TheConversation
Zagorsky, J. (2015). “Why the NFL and other professional sports don’t deserve nonprofit status”, TheConversation
Zagorsky, J. (2015). “Why most of us procrastinate in filing our taxes – and why it doesn’t make any sense”, TheConversation
Zagorsky, J. (2015). “Hard evidence: why pump prices haven’t fallen as fast as oil has”, TheConversation
Zagorsky, J. (2015). “Cops may feel biggest impact from driverless car revolution”, TheConversation
Zagorsky, J. (2015). “Why we should get rid of tipping”, TheConversation
Zagorsky, J. (2013). “Do People Save or Spend Their Inheritances? Understanding What Happens to Inherited Wealth”, Journal of Family and Economic Issues, 34 64-76
Zagorsky, J. (2012). “Business Macroeconomics”,
Zagorsky, J., Smith, P. (2011). “The Freshman 15: A Critical Time for Obesity Intervention or Media Myth?”, Social Science Quarterly
Zagorsky, J. (2010). Native Americans’ wealth. In Ngina, Chiteji., Jessica, Nembhard. (Eds.), “Wealth Accumulation in Communities of Color in the United States”, University Michigan Press 133-154
Zagorsky, J., Smith, P. (2009). “Does the U.S. Food Stamp Program contribute to adult weight gain?”, Economics & Human Biology, 7 246-258
Marks, S., Samuelson, W. (2009). “Managerial Economics”, John Wiley & Sons Inc
Galizzi, M., Zagorsky, J. (2009). “How do on-the-job injuries and illnesses impact wealth?”, Labour Economics, 16 26-36
Zagorsky, J., Rhoton, P. (2008). “The Effects of Promised Monetary Incentives on Attrition in a Long-Term Panel Survey”, Public Opinion Quarterly, 72 502-513
Zagorsky, J. (2007). “Do you have to be smart to be rich? The impact of IQ on wealth, income and financial distress”, Intelligence, 35 489-501
Zagorsky, J. (2005). “Marriage and divorce’s impact on wealth”, Journal of Sociology, 41 406-424
Zagorsky, J. (2005). “Health and wealth”, Economics & Human Biology, 3 296-313
Zagorsky, J. (2005). “How Families Really Manage Their Wealth”, Wealth Management, 8 11-18
Zagorsky, J. (2004). “The wealth effects of smoking”, Tobacco Control, 13 370-374
Zagorsky, J. (2004). “Does Smoking Harm Wealth As Much As Health?”, Consumer Interests Annual, 50 108-116
Zagorsky, J. (2004). “Is Obesity as Dangerous to Your Wealth as to Your Health?”, Research on Aging: an international bimonthly journal, 26 130-152
Zagorsky, J. (2004). “Measuring poverty using both income and wealth”, Journal of Income Distribution, 13 22-40
Zagorsky, J. (2003). “Husbands’ and wives’ view of the family finances”, Journal of Socio-Economics, 32 127-146
Zagorsky, J. (2002). “Business Information: Finding and Using Data in the Digital Age”,
Lang, K., Zagorsky, J. (2001). “Does growing up with a parent absent really hurt?”, Journal of Human Resources, 36 253-273
Zagorsky, J. (2000). “Do individuals know how much they are worth?”, Journal of Financial Counseling and Planning, 11 13-27
Zagorsky, J. (1999). “Health and the Working Poor”, Eastern Economic Journal, 25 (2), 169-189
Zagorsky, J. (1999). “Young baby boomers’ wealth”, Review of Income and Wealth, 45 135-156
Lang, K., Zagorsky, J. (1998). “Why are Canadian and US unemployment rates so highly correlated?”, Canadian Public Policy, 24
Zagorsky, J. (1998). “Job vacancies in the United States: 1923 to 1994”, Review of Economics and Statistics, 80 338-344
Zagorsky, J. (1998). “Was depression era unemployment really less in Canada than the U.S.?”, Economics Letters, 61 125-131
Zagorsky, J., Gardecki, R. (1998). “What have researchers learned from the national longitudinal surveys?”, Journal of Economic and Social Measurement, 25 35-57
Zagorsky, J. (1997). “E-Mail, Computer Usage and College Students: A Case Study”, Education, 118 (1)
Zagorsky, J. (1996). “The Effect of Definitional Differences on U.S. and Canadian Unemployment Rates”, Canadian Business Economics, Winter (1996), 13-21
Zagorsky, J. (1994). “Stock market data, vacancies and sectoral dispersion”, Journal of Macroeconomics, 16 509-521
Zagorsky, J. (1993). “Understanding the Economic Factors Affecting Help-Wanted Advertising”, Journal of Advertising, 22 75-84
Zagorsky, J. (1993). “Analysis: Is Youth Unemployment Really a Problem?”, Challenge, 36 61-62
Zagorsky, J. (1993). “Job vacancies in the United States and Canada”, Journal of Economic and Social Measurement, 19 305-319
Zagorsky, J. (1983). “Real time graphics with an array processor”, Digital Design, 4