In addition to working with Princeton economics faculty on the Hunter College campus, students will be given the opportunity to take classes at Princeton, as well.
“We’ve heard a lot of enthusiasm from our faculty about the initiative,” said Wolfgang Pesendorfer, chair of the Department of Economics
at Princeton where he is the Theodore A. Wells ’29 Professor of Economics. “From the start we’ve been proud to support this effort by Leonard and his partners at Hunter College, and we look forward to contributing as instructors, researchers, mentors and more.”
Addressing the core pipeline problem
Since its founding six years ago, ASE has launched 20 of its students into competitive Ph.D. programs in the United States and Europe. Having developed an impressive proof of concept in West Africa, Wantchekon feels confident those learnings can inform the new collaboration in the United States.
One significant part of the pipeline problem in economics, Wantchekon says, is the rigorous quantitative training required to be admitted to top economics Ph.D. programs. While some undergraduate students at leading research universities in the U.S. have access to the type of graduate-level coursework required, many don’t. And even within undergraduate economics programs at these institutions, where many students receive this training or mentorship, enrollment of Black students remains stubbornly low. If we rely on these feeder systems to diversify the field, he says, progress will be slow, if it happens at all.
“We have to create a conduit for these students who didn’t go to top-tier research universities. Top economics Ph.D. programs have one Black student every four to five years, but they should have two or three every single year.”
When it comes to building a community where underrepresented students can thrive, location matters, according to Wantchekon. In his discussions of the project, Wantchekon stressed the importance of the program’s new campus in Harlem, which he sees as the cultural capital of the African diaspora in the United States.
“The more I thought about it, the more I realized what Harlem means for the African diaspora and the African American community. The political, cultural and social history of African Americans happens, In large part, in Harlem. African American representation in the field is important, and Harlem is the place to make it happen.” Location, he says, is one part of what made working with Hunter College so attractive.
Wantchekon wants students in the new program to embrace their culture and experiences and use them to strengthen their research and contributions to the field.
“For minority students applying to a Ph.D. program, they need math, econometrics and theory. But they also bring in-depth knowledge of the African American and African diaspora experience.” This knowledge is important to the field, he says, and should be nurtured.
Wantchekon also hopes the location will help underrepresented students build a community they can rely on for ongoing support throughout their career.
“Not only will students be trained at the very highest level, but there will be a strong cohort effect. Instead of being the only Black student in your program, you’ll be one of 20, 30 or 40. Support will be provided both inside and outside the classroom, academically, but also socially and culturally.”
While recruitment for the new program will aim to admit at least half of its students from schools in the United States, including historically Black colleges and universities,
it will also aim to increase diversity among international students in economics by recruiting Black students and other minorities from Latin America, particularly from Brazil and Colombia, and elsewhere around the globe.
The new program will be up and running by fall 2021, with the first students admitted next spring and beginning preparatory work in the summer.
But importantly, Wantchekon notes that the new program is just a first step in his broader plan for addressing the pipeline issue. He sees many more possibilities, in the future, to continue strengthening the collaboration between Princeton and the program at Hunter College.
“Maybe in several years, we’ll have sent 40 or 50 underrepresented students to competitive Ph.D. programs. Think what a difference we can make. And if others get inspired and create similar programs around the country, then we can have several Black students in top Ph.D. programs every year.”