Alicia Sasser Modestino

photo alicia sasser modestino
Senior Economist
New England Public Policy Center
Research Department
T: 617-973-3413
F: 617-973-3409
Alicia.Sasser@bos.frb.org
 
Primary fields of research:
Labor economics, health economics, public economics, inequality and social policy

Alicia Sasser Modestino is a Senior Economist in the New England Public Policy Center at the Federal Reserve Bank of Boston. Prior to joining the Bank, Modestino worked as an economist in the private sector and taught economics at Mount Holyoke College.

Her current research focuses on the labor force, migration, housing affordability, and expansions in health insurance coverage. Alicia's work has appeared in journals such as Regional Science & Urban Economics, Journal of Human Resources,and Health Affairs and has been presented at annual meetings of the American Economic Association, the Association of Public Policy Analysis and Management, and the National Tax Association.

Modestino earned both a master’s degree and a Ph.D. in Economics from Harvard University where she also served as a doctoral fellow in the Inequality and Social Policy Program at the Kennedy School of Government.

'Full CV pdf

  • Education
  • Work Experience
  • Publications
  • Presentations and Testimony
  • Public Service

Education

Ph.D., economics, Harvard University, 2001
National Science Foundation, Grant for Improving Doctoral Research (2001)
Inequality and Social Policy Fellowship, Harvard University (2000-2001)
Doctoral Fellow, Weiner Center for Social Policy, Kennedy School of Government (1999-2001)
A.M., economics, Harvard University, 2000
National Science Foundation Graduate Studies Fellowship (1997-2000)
Sumner Slichter Harvard University Fellowship for Study in Labor Economics (1998-1999)
Harvard University Graduate Studies Fellowship (1996-1997)
B.A., mathematics and economics, Boston University, magna cum laude, 1993
Robert F. Bruce Memorial Prize in Mathematics at Boston University (1993)
College Prize for Excellence in Economics at Boston University (1993)
Harold C. Case Scholarship at Boston University (1992)

 

Work Experience

Federal Reserve Bank of Boston
Senior Economist, 2007-
Economist, 2005-2007
Research Assistant, 1993-1997
Mount Holyoke College
Assistant Professor, 2004-2005
Analysis Group, Inc.
Academic Affiliate, 2005
Associate, 2002-2004
Mathematica Policy Research
Economist, 2001-2002
National Bureau of Economic Research (NBER)
Research Assistant, 1997-2001
Harvard University
Teaching Fellow, 1999-2001
Economics Tutor, 1997-2001

Publications

Refereed journal articles

“Are Americans Locked into Their Houses? The Impact of Housing Market Conditions on State-to-State Migration” with Julia Dennett.  Regional Science and Urban Economics, (August 2012).

"Mismatch in the Labor Market: The Supply and Demand for Middle-Skill Workers in New England." The New England Journal of Higher Education, (February 8, 2011)

“Voting with Their Feet?  Local economic conditions and state migration patterns,” Regional Science and Urban Economics, vol. 40, issue 2-3, pp. 122-135 (2010).

“The Future of the Skilled Labor Force.” The New England Journal of Higher Education, vol. XXIII, No. 3 (2009).

The Value Of Antihypertensive Drugs: A Perspective On Medical Innovation,” with David M. Cutler, Genia Long, Ernst R. Berndt, Jimmy Royer, Andrée-Anne Fournier, and Pierre Cremieux. Health Affairs. vol. 26, no. 1 (2007): 97-110.

“Gender Differences in Physician Pay: Tradeoffs Between Career and Family.” Journal of Human Resources. vol. 40, no. 2 (2005).

“Assessing the Economic Impact of Chronic Conditions in Post-Menopausal Women,” with Maida Taylor, Howard Birnbaum, Michael Schoenfeld, Emily Oster, and Matthew Rousculp. Expert Opinion on Pharmacotherapy. vol. 6, no. 11 (September 2005): 1803-1814.

“Economic Burden of Osteoporosis, Breast Cancer, and Cardiovascular Disease Among Postmenopausal Women in an Employed Population,” with Matthew Rousculp, Howard Birnbaum, Emily Oster, Edward Lufkin, and David Mallet. Women’s Health Issues. vol. 15, no. 3 (2005): 97-108.

Working papers and other unpublished papers

“The Impact of Managed Care on the Gender Earnings Gap Among Physicians.”  Federal Reserve Bank of Boston, Research Department Working Paper 13-1 (2013).

“Are American Homeowners Locked into Their Houses? The Impact of Housing Market Conditions on State-to-State Migration." with Julia Dennett.  Federal Reserve Bank of Boston,
Research Department Working Paper 12-1 (2012).

“Voting with their Feet? Local Economic Conditions and Migration Trends in New England”, New England Public Policy Center, Working Paper no. 09-1, (2009).

“The Impact of Antihypertensive Drugs on the Number and Risk of Death, Stroke and Myocardial Infarction in the United States,”  with Genia Long, David Cutler, Ernst R. Berndt, Jimmy Royer, Andrée-Anne Fournier, Pierre Cremieux.  NBER Working Paper w12096: March 2006.

“The Impact of Managed Care on the Gender Earnings Gap Among Physicians.”  Revise and Resubmit, Industrial Labor & Relations Review.

“The Impact of the Vaccines for Children Program on Rates of Childhood Immunization.”  with Howard Birnbaum, Andree-Anne Fournier, Genia Long, Louis Rossiter, and Jimmy Royer.  Submitted to Health Affairs.

Federal Reserve Bank of Boston publications

"Uncertain Futures? Youth Attachment to the Labor Market in the United States and New England", with Julia Dennett, FRB Boston New England Public Policy Center Research Reports, Report no. 13-3 (2013).

"Are American Homeowners Locked Into Their Houses? The Impact of Housing Market Conditions on State-to-State Migration," with Julia Dennett. FRB Boston Working Papers Series no. 12-1 (2012).

The Middle-Skills Gap: Ensuring an Adequate Supply of Skilled Labor in Northern and Southern New England.” New England Public Policy Center Series, Policy Brief no. 11-1 (2011).

Mismatch in the Labor Market: Measuring the Supply of and Demand for Skilled Labor in New England.” New England Public Policy Center Series, Research Report no. 10-2 (2010).

"Voting with their Feet? Local Economic Conditions and Migration Trends in New England", New England Public Policy Center, Working Paper no. 09-1, (2009).

The Supply of Recent College Graduates in New England.”  Federal Reserve Bank of Boston, 2008 Annual Report, (2009).

“Lasting Connections: Using Internships to Retain Recent College Graduates in New England.”  New England Public Policy Center Series, Policy Brief No. 09-3 (2009).

Retention of Recent College Graduates in New England.” New England Public Policy Center Series, Policy Brief no. 09-2 (2009).

The Supply of Recent College Graduates in New England.” New England Public Policy Center Series, Policy Brief no. 09-1 (2009).

The Future of Skilled Labor:  New England’s Supply of Recent College Graduates.”  New England Economic Indicators, (January 2009).

The Future of the Skilled Labor Force in New England: The Supply of Recent College Graduates.” New England Public Policy Center Series, Research Report no. 08-1 (2008).

Reaching the Goal: Expanding Health Insurance Coverage in New England
Current Strategies and New Initiatives.
” New England Public Policy Center Series, Research Report no. 07-1 (2007).

Crowded out of the Housing Market.” with Darcy Rollins Saas.  New England Public Policy Center Series, Policy Brief no. 07-2 (2007).
 
The New England Rental Market.”  New England Public Policy Center Series, Policy Brief no. 07-1 (2007).

The Lack of Affordable Housing in New England: How Big a Problem? Why Is It Growing? What Are We Doing About It?” with Bo Zhao and Darcy Rollins Saas (with an overview by Robert Tannenwald), New England Public Policy Center Series, Working Paper no. 06-1 (2006).

The Potential Economic Impact of Increasing the Minimum Wage in Massachusetts.” New England Public Policy Center Series, Research Report no.  06-1 (2006).

Perspective: On State Tax Policy,” with Robert Tannenwald. Regional Review. vol. 7, no. 1 (1997).

Popular articles and other material

“Are Americans Locked into Their Houses? The Impact of Housing Market Conditions on State-to-State Migration” with Julia Dennett.  Regional Science and Urban Economics, (August 2012).

"Mismatch in the Labor Market: The Supply and Demand for Middle-Skill Workers in New England." The New England Journal of Higher Education, (February 8, 2011)

“Voting with Their Feet?  Local economic conditions and state migration patterns,” Regional Science and Urban Economics, vol. 40, issue 2-3, pp. 122-135 (2010).

“The Supply of Recent College Graduates in New England.”  Federal Reserve Bank of Boston, 2008 Annual Report, (2009).

“The Future of the Skilled Labor Force.” The New England Journal of Higher Education, vol. XXIII, No. 3 (2009).

“The Value Of Antihypertensive Drugs: A Perspective On Medical Innovation,” with David M. Cutler, Genia Long, Ernst R. Berndt, Jimmy Royer, Andrée-Anne Fournier, and Pierre Cremieux. Health Affairs, vol. 26, no. 1: 97-110  (2007).

“Regional Economy Shows Steady Growth, but Slower than the Nation’s.” Women’s Business Journal, (January 2007).

“New England Recovery Continues, But Economy to Grow Slower than the Nation.” Women’s Business Journal, (January 2006).

“Gender Differences in Physician Pay: Tradeoffs Between Career and Family.” Journal of Human Resources, vol. 40, no. 2 (2005).

“Assessing the Economic Impact of Chronic Conditions in Post-Menopausal Women,” with Maida Taylor, Howard Birnbaum, Michael Schoenfeld, Emily Oster, and Matthew Rousculp. Expert Opinion on Pharmacotherapy, vol. 6, no. 11: 1803-1814 (2005).

“Economic Burden of Osteoporosis, Breast Cancer, and Cardiovascular Disease Among Postmenopausal Women in an Employed Population,” with Matthew Rousculp, Howard Birnbaum, Emily Oster, Edward Lufkin, and David Mallet. Women’s Health Issues, vol. 15, no. 3: 97-108, (2005).

“A Review of Work Family Patterns in the U.S.:  Women and Men Physicians Doing Career and Family within a Gendered Institution.”  In Research in the Sociology of Work:  Workforce Diversity, edited by Corinne Post and Nancy DiTomaso, New York:  Elsevier (2004).

“The Impact of Welfare Reform on Children’s Health and Nutritional Status,” with Phil Gleason, Mathematica Policy Research, Research Report (May 2002).

“A Snapshot of the Implementation of California’s Mental Health Parity Law,” with Timothy Lake, Cheryl Young, and Brian Quinn. Mathematica Policy Research, Research Report (February 2002).

“The Role of Gender and Family in the Labor Market.”  Doctoral dissertation.  Cambridge, MA:  Harvard University (2001).

 

 
 

Presentations and Testimony

“Retention of Recent College Graduates:  An Update.” 
Greater Boston Chamber of Commerce and Federal Reserve Bank of Boston leadership meeting, January 2013

“An Update on Regional Economic Conditions and the Housing Market”
Greater Boston Realtors Association, November 7, 2012
Real Estate Finance Association, January 24, 2011
New England Realtor's Conference, March 3, 2008.
Massachusetts Association of Realtors, April 2008.

“The Impact of Health Care Reform on Employers:  Lesson Learned from Massachusetts.”
New England Study Group, November 7, 2012.

“Are Americans Locked into Their Houses? The Impact of Housing Market Conditions on State-to-State Migration.”
Federal Reserve System Committee on Microeconomic Analysis, May 17, 2012.
Society of Labor Economists annual meetings, May 5, 2012

“The Middle Skills Solution Act.”  Presented to the Workforce Development Committee, the Commonwealth of Massachusetts, October 27, 2011.

"Economic Conditions in New England and the Nation." Presented at Real Estate Finance Assocation, Members Only Luncheon, January 2011.

“Mismatch in the Labor Market?  Ensuring an Adequate Supply of Skilled Labor in New England.” 
SkillWorks Business Leaders Briefing, October 13, 2011
Pioneer Valley Planning Commission, May 18, 2011
Worcestor Workforce Investment Board, January 20, 2011

“Will Demographics Bankrupt Massachusetts?”
Northeastern University, March 16, 2011

"Mismatch in the Labor Market? Measuring the Supply and Demand for Skilled Labor in New England." Presented at Central Mass. Workforce Investment Board, January 2011.

“Mismatch in the Labor Market?  Ensuring an Adequate Supply of Skilled Labor in New England.”  Presented at the annual meetings of the Association of Public Policy & Management, November 2010.

“Mismatch in the Labor Market:  Measuring the Supply and Demand for Skilled Labor.”  Presented at the New England Public Policy Forum, November 2010.

“Regional Economic Update.” Presented to the New England Advisory Council, June 2010.

“Voting with Their Feet?  Local economic conditions and state migration patterns.” Presented at the Federal Reserve System Conference on Microeconomics, May 2010.

“Overview of the Housing Market and Affordability Conditions.”  Presented at “Understanding the Housing Collapse:  What is to Blame and What Can be Done?”  Sponsored by Harvard University's Rappaport Institute for Greater Boston, Taubman Center for State and Local Government, and the Federal Reserve Bank of Boston, May 2010.

“Overview of Housing and Labor Market Conditions.” Presented to the Boston Redevelopment Authority, February 2010.
CoreNet.  April 2009.

“Overview of Regional Economic Conditions.” 
Boston Redevelopment Authority, February 2010.
CoreNet.  April 2009.

“The Future of the Skilled Labor Force.”
Boston College Undergraduate Economic Association , October 2009.
Malden Chamber of Commerce, September 2009.
Greater Boston Chamber of Commerce Intern Event, July, 2009
Mass Jobs, October 14, 2008
Boston University Leadership Committee, December 4, 2008.
Greater Boston Chamber of Commerce Breakfast Meeting, September 18, 2008.

“The Future of the Skilled Labor Force: Keeping a Long-Term Perspective in the Current Economy.”  Presented to the New England Association of Schools and Colleges, December 3, 2009.

"The Supply of Recent College Graduates in Massachusetts." Presented to Malden Chamber of Commerce, September 24, 2009.

"The Future of the Skilled Labor Force: What is the Role for Public Policy?"
Presented to New England Association for Schools and Colleges, December 3, 2009
Briefing to UMass Amherst, January 8, 2009.

“Choosing Where to Live and Work After Graduation”  Presented at the Greater Boston Chamber of Commerce/Federal Reserve Bank Intern Event, July 22, 2009.

“The Future of the Skilled Labor Force in New England: The Supply of Recent College Graduates.”  Presented to the New England Study Group, December 3, 2008.

“The Supply of Recent College Graduates.”  Presented to the Federal Reserve System Committee on Regional Analysis, November 6, 2008.

“The Supply of Recent College Graduates in Massachusetts.”  Presented to Mass Jobs, October 14, 2008 and Boston University, December 4, 2008.

The Future of the Skilled Labor Force in New England: The Supply of Recent College Graduates.”  Presented at the Greater Boston Chamber of Commerce/Federal Reserve Bank of Boston Breakfast Meeting, September 18, 2008.

"The Future of the Skilled Labor Force: What is the Role for Public Policy?"
Briefing to Board of Directors of the Federal Reserve Bank of Boston, May 13, 2008.
Briefing to Dan O'Connell, Massachusetts Secretary of Housing and Economic
Development, August 13, 2008.
Briefing to the New England Governors Council, December 3, 2008.

Remarks on “From New Paradigm to New Paradox: Understanding Greater Boston’s Housing Market Greater Boston Housing Report Card 2008.”  Presented at The Boston Foundation Breakfast Meeting, October 28, 2008.

Update on the New England Economy and Housing Market.”  Presented at the New England Realtor's Conference, March 3, 2008.

Remarks on “Securitized Non-Prime Mortgages: What, Where, and to Whom?” Presented at “Housing and the Built Environment:  Access, Finance, Policy. A Conference Honoring Professor Karl E. Case,” Lincoln Institute of Land Policy, December 8, 2007.

“Reaching the Goal: Evaluating Policy Alternatives for Expanding Coverage.”
Keynote Address. Presented at “Covering the Uninsured: Costs, Benefits, and Policy Alternatives for New England” New England Public Policy Center, Annual Conference, December 5, 2006. Presented at “State Efforts to Extend Health Care Coverage,” National Tax Association Meetings, November 16, 2006. Presented at the Fifth Annual New England Public Finance Conference, October 22, 2007.

“Fiscal Challenges on the Horizon:  Expanding Health Insurance Coverage in New England.”  Keynote Address.  Presented at the Fifth Annual New England Public Finance Conference, October 22, 2007.

The Potential Economic Impact of Increasing the Minimum Wage.”  Presented at the House of Representatives Continuing Education Session “The Livable Wage”, January 11, 2007.

 “The Impact of Managed Care on the Gender Earnings Gap Among Physicians.”
American Economic Association Annual Meeting, January 6, 2007.
University of New Hampshire, 2003
U.S. Bureau of Labor Statistics Seminar Series, 2001
Federal Reserve Bank of New York, Research and Market Analysis Seminar Series, 2001
Cornell University, Industrial Labor Relations Seminar, 2001
Middlebury College, 2001

Reaching the Goal: Evaluating Policy Alternatives for Expanding Coverage.”  Presented at “Covering the Uninsured: Costs, Benefits, and Policy Alternatives for New England” New England Public Policy Center, Annual Conference, December 5, 2006.

“Extending Health Care Coverage in New England.”  Presented at “State Efforts to Extend Health Care Coverage,” National Tax Association Meetings, November 16, 2006.

“Voting with Their Feet?  High House Prices and Migration in New England.” 
Northeastern University, School of Public Policy & Urban Affairs, 2011
Federal Reserve System Conference on Microeconomics, May 2010.
Federal Reserve System Committee on Regional Analysis, November 2, 2006.New England Study Group, December 6, 2005.

"The Lack of Affordable Housing in New England: How Big a Problem? Why Is It Growing? What Are We Doing About It?”  Presented at "Housing and the Economy in Greater Boston: Trends, Impacts, and Potential Responses," Federal Reserve Bank of Boston, May 22, 2006.

New England's Expensive Housing: Issues, Evidence, and Policies. ” with
 Bo Zhao.  Presented to Gordon College, February 23, 2006.

"The Lack of Affordable Housing in New England: How Big a Problem? Why Is It Growing? What Are We Doing About It?” John Laware Leadership Forum series, November 2, 2005.

Understanding Housing Affordability in New England. ” with
 Bo Zhao.  Presented to the New England Study Group, December 6, 2005.

The State of Affordable Housing in Greater Boston.”  Presented as part of the John Laware Leadership Forum series, November 2, 2005.

“Gender Differences in Physician Pay.”  Presented at the American Economic Association Annual Meeting, January 5, 2003.

“The Impact of Managed Care on the Gender Earnings Gap Among Physicians.”  Presented at the U.S. Bureau of Labor Statistics Seminar Series, December 2001.

Public Service

SkillWorks Steering Committee, Member, 2011-2012
Community College Focus Group, The Boston Foundation, October 2010
Greater Boston Chamber of Commerce and FRBB Internship Initiative, 2008-2013
Health Indictors project for the New England Healthcare Institute, 2006

“Demographic Labor Forum Research Meeting,” joint conference with the Michael and Kitty Dukakis School of Social Policy at Northeastern University and the New England Public Policy Center, November 2009.

“Covering the Uninsured: Costs, Benefits, and Policy Alternatives for New England” New England Public Policy Center, Annual Conference, December 5, 2006.

Greater Boston Housing Report Card,  2008, 2009, 2010, 2012
New England Board of Higher Education Annual Meeting, November 7, 2011.
Pathways to Prosperity Summit, June 13, 2011.
New England Association of Schools and Colleges, December 3, 2009

Journal Referee/Reviewer:
National Science Foundation
Urban Institute
Brookings
Journal of Human Capital
Regional Science and Urban Economics
Labour Economics
Health Affairs
Journal of Health Economics
American Journal of Public Health
Economic Journal
Eastern Economic Journal
Southern Economic Journal

Book reviewer: 
Research in the Sociology of Work: Workforce Diversity. Edited by Corinne Post and Nancy DiTomaso, New York:  Elsevier 2004.

Discussant:
Remarks on “Greater Boston Housing Report Card 2010:  Taking Stock in an Uncertain Time.”  Presented at The Boston Foundation Breakfast Meeting, October, 2010.

Remarks on “Characteristics of Prime versus Sub-prime Borrowers in New York City,” Presented at the Federal Reserve System Committee on Regional Economics, October 2009.

Remarks on “Greater Boston Housing Report Card 2009:  Positioning Boston in a Post-Crisis World.”  Presented at The Boston Foundation Breakfast Meeting, October, 2009.

Remarks on “Greater Boston Housing Report Card 2008:  From New Paradigm to New Paradox: Understanding Greater Boston’s Housing Market.”  Presented at The Boston Foundation Breakfast Meeting, October, 2008.

Remarks on “Securitized Non-Prime Mortgages: What, Where, and to Whom?” Presented at “Housing and the Built Environment:  Access, Finance, Policy. A Conference Honoring Professor Karl E. Case,” Lincoln Institute of Land Policy, December, 2007.

Remarks on “Adoption of Medicare Managed Care Plans,” Presented at the Federal Reserve System Committee on Microeconomics, May 2007.

Federal Reserve Bank of Boston:
Member, Insights Action Planning Team, 2008-2009
Advisor, Federal Reserve System Economic Advisory Group, 2007-2008
Editorial Board Member, Communities & Banking, 2006-2007
Fed Challenge, 2006, 2008

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