Margaret S. McMillan is an economist who specializes in international trade and development. Much of her recent work investigates the distributional consequences of globalization. She is on leave from Tufts University, where she was recently promoted to associate professor in the Department of Economics.
During her fellowship term, she will study the impact of the increase in the mobility of US investment capital on labor market outcomes in the United States and abroad. During the past several decades, there has been an enormous increase in the amount of investment abroad by US multinationals. Using confidential, firm-level data, McMillan, together with Ann E. Harrison, will examine the impact of the globalization of US investment capital on wages, labor’s share in net output, and employment both in the United States and abroad.
McMillan received her PhD with distinction from Columbia in 1998. She also holds a master’s in public policy from the Woodrow Wilson School of Public and International Affairs at Princeton University. With Harrison, she was awarded a grant from the National Science Foundation for her work on globalization and labor market outcomes. With Karen Eggleston, she was also recently awarded a grant by the Center for AIDS Research to study the root causes of the AIDS epidemic in South Africa.