Megan Way

Associate Professor

Academic Division: Economics
781-239-5892

Bio

Dr. Megan Way teaches graduate and undergraduate microeconomics principles and undergraduate labor courses at Babson. Her research focuses on intergenerational financial transfers within families, and specifically how demographic changes in family structure and in longevity are affecting the way money gets passed between the generations. Other research interests include immigration/migration, remittances and international business networks. She has participated in a Boston College study group on economics and evolutionary biology, examining how evolutionary forces may drive preference formation. Prior to going to graduate school, Dr. Way spent 8 years as a marketing professional in the software industry, working for Open Environment Corporation, WebSpective Software and Inktomi Corporation. Her work experience includes growing an internet start-up company from the founding stages to maturity, forming international channels partnerships, and coordinating national and international product marketing strategies. She also spent two years teaching in the IDEOR MBA program in Cordoba, Spain.

Academic Degrees

  • Ph D, Boston College
  • MA, Boston College
  • BA, Wellesley College

Academic Interests

Economics; Labor Economics; International Trade Law

Awards & Honors

  • 2016 - Highly Commended Paper, Emerald Literati Network
  • 2004 - Donald J. White Teaching Excellence Award, Boston College
  • 2001 - Boston College GSAS Full Fellowship, Boston College
  • 1990 - Bernice D. Brooks Award, Wellesley College
  • 1990 - Ford Fellowship , Wellesley College
  • 1990 - Phi Beta Kappa, Wellesley College
  • 1988 - Truman Scholar Alternate , Wellesley College

Courses

Degree Courses 2016-2017

  • ECN 3671: ECONOMICS OF THE LABOR MARKET
  • SME 2031: PRINCIPLES OF MICROECONOMICS
  • ECN 7200: MANAGERIAL ECONOMICS

Degree Courses 2015-2016

Publications

Journal Articles

  • Simon, J.K., Way, M.M. (2016). Why the Gap? Determinants of Self-Employment Earnings Differentials for Male and Female Millennials in the US Journal of Family and Economic Issues, 37(2), 297-312. link
  • Way, M.M., Polutnik, L., Gai, Y., (in press). Compensation and Employment Impact of a Full-time MBA Program. International Advances in Economic Research
  • Simon, J.K., Way, M.M. (2015). Working from home and the gender gap in earnings for self-employed US Millennials. Gender in Management: An International Journal, 30(3), 206-224. link

Book Chapters

  • Way, M.M. (2014). Factor Prices.Wiley Encyclopedia of Management.: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Contribution Analysis. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Efficiency Wages. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Factor Markets. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Factor Productivity. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Imperfect Information. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Operating Leverage. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Piece-Rate Wages. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Reservation Wage. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Time-Rate Wages. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Tournament Theory. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.
  • Way, M.M. (2014). Transfer Pricing. Wiley Encyclopedia of Management: John Wiley & Sons, Inc.

Reports

  • Polutnik, L., Way, M.M., Simon, J.K. (2016). Containing costs while enhancing the educational mission: A study of best practices for small private colleges. Davis Educational Foundation
  • Way, M.M., Jones, K.A., Polutnik, L. (2014). Education of girls vital to moving up the trade value. ARTNeT Secretariat, United Nations ESCAP link

Conference Proceedings

  • Way, M.M., Polutnik, L., Gai, Y. (2013). Return to Investment in a Full-time MBA Program: The Relative Value of Ability, Skill and Experience. Proceedings of the 40th Northeast Business & Economics Association Annual Conference,

Presentations

  • Intergenerational Transfers and the Great Recession
    Cox, D., Way, M. Intergenerational Transfers and the Great Recession IAST General Seminar, Toulouse, France (2016)
  • Containing Costs While Advancing the Educational Mission: A Study of Best Practices for Small Private Colleges
    Polutnik, L., Way, M., Simon, J. Containing Costs While Advancing the Educational Mission: A Study of Best Practices for Small Private Colleges Babson Faculty Research Chat, Babson Park, MA (2016)
  • Returns to Education for Self-Employed US Millennials and the Self-Employment Earnings Gap: A Quantile Regression Approach
    Way, M., Simon, J. Returns to Education for Self-Employed US Millennials and the Self-Employment Earnings Gap: A Quantile Regression Approach Population Association of America Conference 2016, Washington, D.C. (2016)
  • Returns to Education for Self-Employed US Millennials and the Self-Employment Gender Earnings Gap: A Quantile Regression Approach
    Simon, J., Way, M. Returns to Education for Self-Employed US Millennials and the Self-Employment Gender Earnings Gap: A Quantile Regression Approach UMass Lowell Department of Economics Seminar, Lowell, MA (2016)
  • Economic Returns to Education for Self-Employed US Millennials and the Self-Employment Gender Earnings Gap: A Quantile Regression Approach
    Simon, J., Way, M. Economic Returns to Education for Self-Employed US Millennials and the Self-Employment Gender Earnings Gap: A Quantile Regression Approach Babson Faculty Research Chat, Babson College (2015)
  • A Preliminary Examination of Cost Containment While Advancing Colleges’ Educational Mission
    Way, M. A Preliminary Examination of Cost Containment While Advancing Colleges’ Educational Mission AEFP 40th Annual Conference, Washington, DC (2015)
  • Compensation and Employment Impact of A Full-Time MBA Program
    Gai, Y., Way, M., Polutnik, L. Compensation and Employment Impact of A Full-Time MBA Program 78th International Atlantic Economic Conference, Savannah, GA (2014)
  • Family Diversity
    Way, M. Family Diversity Diversity Matters, Wellesley, MA (2014)
  • Gendered location choices and earnings outcomes for self-employed U.S. Millennials
    Way, M., Simon, J. Gendered location choices and earnings outcomes for self-employed U.S. Millennials Diana International Research Conference, Stockholm, Sweden (2014)
  • Gendered Location Choices and Earnings Outcomes for Self-Employed US Millennials
    Simon, J., Way, M. Gendered Location Choices and Earnings Outcomes for Self-Employed US Millennials Diana International Research Conference 2014, Stockholm, Sweden (2014)
  • Intergenerational Transfers During the Great Recession: The Relationship Between Marital Status and the Familial Safety Net
    Way, M. Intergenerational Transfers During the Great Recession: The Relationship Between Marital Status and the Familial Safety Net Population Association of America 2014 Annual Meeting, Boston, MA (2014)
  • The Earnings Gender Gap for Self-Employed Millennials: Evidence from the NLSY 97
    Simon, J., Way, M. The Earnings Gender Gap for Self-Employed Millennials: Evidence from the NLSY 97 Population Association of America 2014 Annual Meeting, Boston, MA (2014)
  • Return to Investment in a Full-time MBA Program: The Relative Value of Ability, Skill and Experience
    Way, M., Polutnik, L., Gai, Y. Return to Investment in a Full-time MBA Program: The Relative Value of Ability, Skill and Experience 40th Northeast Business & Economics Association Annual Conference, Bretton Woods, NH (2013)
  • Intergenerational Transfers and the Great Recession
    Way, M., Cox, D. Intergenerational Transfers and the Great Recession Babson Faculty Research Chat, Wellesley, MA (2013)
  • Intergenerational Transfers and the Great Recession of 2008
    Way, M. Intergenerational Transfers and the Great Recession of 2008 Gerontological Society of America Conference, Boston, MA (2011)
  • intergenerational Transfers and the Great Recession of 2008
    Way, M. intergenerational Transfers and the Great Recession of 2008 Population Association of America Conference, Washington, D.C. (2011)
  • Divorce, Remarriage, and Inter-Vivos Transfers from Parents to Adult Children in Mexico
    Way, M. Divorce, Remarriage, and Inter-Vivos Transfers from Parents to Adult Children in Mexico Population Association of America Conference, Washington, D.C. (2011)
  • The Correlation Between Expected Parental Longevity and Transfers to Adult Children
    Way, M. The Correlation Between Expected Parental Longevity and Transfers to Adult Children American Economic association Annual Meeting, Denver, CO (2011)
  • intergenerational Transfers and the Great Recession of 2008
    Way, M. intergenerational Transfers and the Great Recession of 2008 Gerontological Society of America Conference, New Orleans, LA (2010)
  • Divorce, Remarriage, and Inter-Vivos Transfers from Parents to Adult Children in Mexico
    Way, M. Divorce, Remarriage, and Inter-Vivos Transfers from Parents to Adult Children in Mexico Babson Faculty Research Chat, Babson College, Babson Park, MA (2010)
  • The Correlation Between Expected Parental Longevity and Transfers to Adult Children
    Way, M. The Correlation Between Expected Parental Longevity and Transfers to Adult Children Population Association of American Conference, Detroit (2009)
  • How Widespread is the Potential for ‘Operative’ Intergenerational Transfers
    Way, M. How Widespread is the Potential for ‘Operative’ Intergenerational Transfers Babson Faculty Research Chat, Wellesley, MA (2008)
  • Intergenerational Transfer Inflows to Adult Children of Divorce
    Way, M. Intergenerational Transfer Inflows to Adult Children of Divorce Population Association of American Conference, New York (2007)