Ph.D., Economics, University of Georgia, 2014
B.S., Quantitative Economics, Weber State University, 2009
Dr. Michael Kofoed is an Associate Professor of Economics at the United States Military Academy in West Point, New York and is visiting Columbia University, Teachers College for the 2021-2022 academic year. During the Spring 2022 semester, he will be teaching EDPE 6000: Advanced Analysis in the Economics of Education.
Dr. Kofoed's research focuses on the economics of education including the effects of financial aid on student and institution decision making and the influence of peers and mentors on college students. Topics include for-profit universities, the Pell Grant and FAFSA, the Post 9-11 GI Bill, the Affordable Care Act, and online learning during the COVID-19 pandemic. His papers have been published in Journal of of Public Economics, Journal of Human Resources, Journal of Health Economics, Public Choice Contemporary Economic Policy, and Research in Higher Education. In the popular press, His research was cited in the Wall Street Journal, Inside Higher Education, Money Magazine, CNBC, Yahoo! Finance, and Vox’s The Weeds Podcast. Dr. Kofoed is a Research Fellow at the Institute of Labor Economics (IZA) and an invited researcher with JPAL-North America. Currently, he serves as an associate editor for the Southern Economic Journal and on the editorial board for Research in Higher Education. He is a visiting scholar at the Federal Reserve Bank of Philadelphia's Consumer Finance Institute. Dr. Kofoed holds a Ph.D. in Economics from the University of Georgia, and a Bachelor of Science degree from Weber State University.
2021. ``The Effects of Charter School Entrance on Capital Facilities Expenditures by Traditional School Districts" (with Christopher Fawson) Public Choice, (1--2): 75--94.
2020. ``Where Have All the GI Bill Dollars Gone?: Veteran Usage and Expenditure of the Post 9/11 GI Bill" Brookings Resarch Paper in Accountability in Higher Education (edited by Adam Looney and Jordan Matsudaira).
2020 ``Randomized Peers and Occupation Choice: Evidence from West Point" (with Todd Jones) Journal of Public Economics, 184.
2020. ``Employer-Sponsored Education Assistance and Graduate Program Choice, Cost, and Finance" (with Gregory Gilpin) Research in Higher Education 61: 431--458.
2019. ``Does Time to Work Limit Time to Play?: Estimating a Time Allocation Model for High School Students by Household Socioeconomic Status" (with Laura Crispin) Contemporary Economic Policy, 37(3): 524--544.
2019. ``[Job] Locked and [Un]loaded: The Effect of the Affordable Care Act Dependency Mandate on Reenlistment in the US Army" (with Wyatt J. Frasier) Journal of Health Economics, 65: 103--116.
2019. ``The Effect of Role Models on Occupation Choice: Evidence from Randomly Assigned Mentors at West Point" (with Elizabeth McGovney) Journal of Human Resources, 54(2): 430--467.
2017. ``The Effect of the Business Cycle on Freshman Financial Aid" (With Elizabeth Clelan) Contemporary Economic Policy, 35(2): 253--268.
2017. ``To Apply or Not to Apply: FAFSA Completion and Financial Aid Gaps.'' Research in Higher Education, 58(1): 1--39.
"Zooming to Class?: Evidence from a Randomized Control Trial on the Effects of Online Learning on College Student Academic Achievement" (with Lucas Gebhart, Dallas Gilmore, and Ryan Moschitto), IZA Discussion Paper, No. 14356
"Veteran Educators or For-Profiteers: Tuition Responses to Changes in the Post 0/11 GI Bill" (with Matthew Baird, Trey Miller, and Jennie Wenger), IZA Discussion Paper, No. 13701
"For-Profit and Traditional Colleges: Does Institutional Control Affect Tuition Pricing and Financial Aid? "
"Is Charitable Giving Overly Sensitive to Realized Income Changes? Evidence from Military Bonuses and the Combined Federal Campaign" (with Carl Wojtaszek)
"Do Pell Grants Affect Student Labor Supply?: Evidence from a Regression Kink Design"
"Making Lemons out of Lemonade: The Effects of Unexpected Deployment Extensions on Re-enlistment" (with Lucas Gebhart and Michael Kleine)
"Long-Run Effects of Randomized Same-Gender and Same-Race Mentorship" (with Bennett Hellman)