Education
Bils obtained his Doctor of Philosophy in economics from Massachusetts Institute of Technology in 1985 and Bachelor in economics from Ohio State University in 1979.
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Mark Bils
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He has taught at the University of Chicago GSB and is currently professor and chair of the Department of Economics at the University of Rochester. In 1987, Bils published The Cyclical Behavior of Marginal Cost and Price in the American Economic Review where he argued that marginal cost is procyclical. This is driven from the counterintuitive fact that employment is high when wages are high
Thus, Bils argues, an increase untrained labor must increase marginal costs (in the same way an increase in demand increases wages).
He is in the top 5% of most cited economists.
Politics
"Some Evidence on the Importance of Sticky Prices" (with Pete Klenow), Journal of Political Economy, October 2004
"Quantifying Quality Growth" (with Pete Klenow), American Economic Review, September 2001.
