Faculty Profiles

Megan Way

  • Associate Professor
Academic Division: Economics
781-239-5892

Bio

Dr. Megan Way is an Associate Professor and Chair of the Economics Division. She teaches graduate Managerial Economics and undergraduate Principles of Microeconomics and Economics of Labor Markets. Her research spans several areas, including family economics and intergenerational financial transfers, gender differences in returns to entrepreneurial activity, and cost-containment in higher education. Other research interests include immigration/migration, remittances and international business networks. Professor Way has also 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, Professor 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; Family Economics: International Trade: Cost Issues in Higher Ed

Awards & Honors

  • 2018 — Excellence in Service, Olin School of Business, Babson College
  • 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
More

Courses

  • Degree Courses 2019

    • ECN 3671 ECONOMICS OF THE LABOR MARKET
  • Degree Courses 2018

    • ECN 7200 MANAGERIAL ECONOMICS
    • ECN 3671 ECONOMICS OF THE LABOR MARKET

Publications

Journal Articles

  • Simon, J.K., Way, M.M., Polutnik, L., Albright, J. (2019). Linking College Mission Statements to Cost Containment Strategies. International Journal of Educational Management. Vol: 33, Issue: 4, Page: 792-804. Emerald.
  • 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. Vol: 37, Issue: 2, Page: 297-312. Springer New York LLC. link
  • Way, M.M., Polutnik, L., Gai, Y., , . (2016). Compensation and Employment Impact of a Full-time MBA Program. International Advances in Economic Research. Springer.
  • 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. Vol: 30, Issue: 3, Page: 206-224. Emerald Group Publishing. link

Books

  • Way, M.M. (2018). Family Economics and Public Policy, 1800s - Present. Palgrave Macmillan.

Cases and Teaching Notes

  • Way, M.M., Polutnik, L. (in press). Apple Watch (A) - The Launch. The Babson Collection.

Book Chapters

  • Way, M.M. (2014). Factor Prices: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Contribution Analysis: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Efficiency Wages: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Factor Markets: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Factor Productivity: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Imperfect Information: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Operating Leverage: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Piece-Rate Wages: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Reservation Wage: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Time-Rate Wages: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Tournament Theory: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Way, M.M. (2014). Transfer Pricing: Wiley Encyclopedia of Management. Issue: 3rd. 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: Asia-Pacific Research and Training Network on Trade Policy Brief. Issue: 43, Page: 8. 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

  • Using Analytics for Mission-Driven Capacity Management and Cost Containment in Small Colleges Polutnik, L. Way, M. Simon, J. NERA Annual Conference, Trumbull, CT (2017)
  • Containing Costs While Advancing the Educational Mission: A Study of Best Practices for Small Private Colleges Polutnik, L. Way, M. Simon, J. Babson Trustees and Overseers, Babson Park, MA (2017)
  • Intergenerational Transfers and the Great Recession Cox, D. Way, M. 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. 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. 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. 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. Babson Faculty Research Chat, Babson College (2015)
  • A Preliminary Examination of Cost Containment While Advancing Colleges’ Educational Mission Way, M. AEFP 40th Annual Conference, Washington, DC (2015)
  • Compensation and Employment Impact of A Full-Time MBA Program Gai, Y. Way, M. Polutnik, L. 78th International Atlantic Economic Conference, Savannah, GA (2014)
  • Family Diversity Way, M. Diversity Matters, Wellesley, MA (2014)
  • Gendered Location Choices and Earnings Outcomes for Self-Employed US Millennials Simon, J. Way, M. 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. 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. 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. 40th Northeast Business & Economics Association Annual Conference, Bretton Woods, NH (2013)
  • Intergenerational Transfers and the Great Recession Way, M. Cox, D. Babson Faculty Research Chat, Wellesley, MA (2013)
  • Intergenerational Transfers and the Great Recession of 2008 Way, M. Gerontological Society of America Conference, Boston, MA (2011)
  • intergenerational Transfers and the Great Recession of 2008 Way, M. Population Association of America Conference, Washington, D.C. (2011)
  • Divorce, Remarriage, and Inter-Vivos Transfers from Parents to Adult Children in Mexico Way, M. Population Association of America Conference, Washington, D.C. (2011)
  • The Correlation Between Expected Parental Longevity and Transfers to Adult Children Way, M. American Economic association Annual Meeting, Denver, CO (2011)
  • intergenerational Transfers and the Great Recession of 2008 Way, M. Gerontological Society of America Conference, New Orleans, LA (2010)
  • Divorce, Remarriage, and Inter-Vivos Transfers from Parents to Adult Children in Mexico Way, M. Babson Faculty Research Chat, Babson College, Babson Park, MA (2010)
  • The Correlation Between Expected Parental Longevity and Transfers to Adult Children Way, M. Population Association of American Conference, Detroit (2009)
  • How Widespread is the Potential for ‘Operative’ Intergenerational Transfers Way, M. Babson Faculty Research Chat, Wellesley, MA (2008)
  • Intergenerational Transfer Inflows to Adult Children of Divorce Way, M. Population Association of American Conference, New York (2007)
More

Professional Memberships

  • Northeast Educational Research Association (2017)
  • Population Association of American (2005)
  • American Economic Association (2003)