James V. Marrone

Photo of James Marrone
Economist, Assoc
Washington Office


PhD in economics, University of Chicago; MSc in economics, Universitat Pompeu Fabra; BS in mathematics, University of Chicago; BA in physics, University of Chicago


Jim Marrone is an associate economist at RAND Corporation. He is an applied microeconomist focusing on labor economics (particularly immigration, human capital formation, and assimilation) and industrial organization (particularly black markets and their legal aspects, empirical/measurement issues, and potential links to terrorist financing). His work is both theoretical and empirical, using statistical techniques in novel ways to develop better measurements of empirically important outcomes. For instance, his work has examined the mechanisms behind cultural assimilation; the distribution of immigrants' skills across sending and receiving countries; measurement of language skills via latent factor analysis; the valuation of looted archaeological sites in Syria; and the impact of punitive court verdicts on the art market. His work has been published in the Journal of Law and Economics and the Journal of Financial and Quantitative Analysis. He has also taught undergraduate courses in time series econometrics and game theory. He received his PhD from the University of Chicago.

Selected Publications

Silvia Beltrametti and James V. Marrone, "Market Responses to Court Rulings: Evidence from Antiquities Auctions," Journal of Law and Economics, 59(4):913-944, 2016

Tim Bollerslev, James Marrone, Lai Xu, and Hao Zhou, "Stock Return Predictability and Variance Risk Premia: Statistical Inference and International Evidence," Journal of Financial and Quantitative Analysis, 49(3):633-661, 2014

Michael B. Gordy and James Marrone, "Granularity Adjustment for Mark-to-Market Credit Risk Models," Journal of Banking and Finance, 36(7):1896-1910, 2012