Marjorie B. McElroy

Marjorie B. McElroy

Professor of Economics

External address: 
319 Social Sciences, Durham, NC 27708
Internal office address: 
Box 90097, Durham, NC 27708-0097
(919) 660-1840


Professor McElroy focuses her research on the subjects of labor, demand systems, and financial economics. She has completed several of her research projects under the funding provided by National Science Foundation grants, including her latest work on the economics of the family in relation to bargain decision-making and marriage markets. She is also currently investigating altruism in marriage markets and bargaining on the core in marriage markets. She has also completed studies involving the investigation of international populations, such as her work with D. Yang on, “Carrots and Sticks: Fertility Effects on China’s Population Policies.” She has collaborated with her contemporaries on several projects, including her earlier work with Hwei-ju Chen, R. Gnanadesikan, and J.R. Kettenring entitled, “A Statistical Study of Groupings of Corporations,” and her project with T.J. Kniesner and Stephen Wilcox on, “Family Structure, Race, and the Feminization of Poverty.” One of her recent published studies, which she completed independently, is entitled, “What’s New with Nash-Bargained Household Demands?”

Education & Training

  • Ph.D., Northwestern University 1969

  • B.A., Pennsylvania State University 1965

Burmeister, E., and M. B. McElroy. “The residual market factor, the APT, and mean-variance efficiency.” Review of Quantitative Finance and Accounting, vol. 1, no. 1, Jan. 1991, pp. 27–49. Scopus, doi:10.1007/BF02408405. Full Text

McElroy, M. B., and M. J. Horney. “"Nash-Bargained Household Decisions: Reply".” International Economic Review, Jan. 1990.

McElroy, Marjorie B. “The Empirical Content of Nash-Bargained Household Behavior.” The Journal of Human Resources, vol. 25, no. 4, JSTOR, 1990, pp. 559–559. Crossref, doi:10.2307/145667. Full Text

Burmeister, MB McElroy with Edwin. “"Joint Estimation of Factor Sensitivities and Risk Premia for the Arbitrage Pricing Theory".” Journal of Finance, vol. 63, no. 3, July 1988, pp. 721–33.

BURMEISTER, E., and M. B. MCELROY. “JOINT ESTIMATION OF FACTOR SENSITIVITIES AND RISK PREMIA FOR THE ARBITRAGE PRICING THEORY.” Journal of Finance, vol. 43, no. 3, July 1988, pp. 721–35. Wos-lite, doi:10.2307/2328195. Full Text

KNIESNER, T. J., et al. “GETTING INTO POVERTY WITHOUT A HUSBAND, AND GETTING OUT, WITH OR WITHOUT.” American Economic Review, vol. 78, no. 2, AMER ECONOMIC ASSOC, May 1988, pp. 86–90.

Kniesner, MB McElroy with Thomas, and Stephen P. Wilcox. “"Getting into Poverty without a Husband, and Getting Out, With or Without".” American Economic Review, vol. 77, no. 2, May 1988, pp. 86–90. Open Access Copy

McElroy, M. B., and E. Burmeister. “Arbitrage pricing theory as a restricted nonlinear multivariate regression model: Iterated nonlinear seemingly unrelated regression estimates.” Journal of Business and Economic Statistics, vol. 6, no. 1, Jan. 1988, pp. 29–42. Scopus, doi:10.1080/07350015.1988.10509634. Full Text Open Access Copy

McElroy, M. B., and E. Burmeister. “"Arbitrage Pricing Theory as a Restricted Nonlinear Regression Model: NLITSUR Estimates".” Journal of Business and Economic Statistics, vol. 6, no. 1, Jan. 1988, pp. 28–42.

McElroy, M. B., et al. “"Sorting out Risks Using Known APT Factors".” Financial Analysts Journal, 1988, pp. 29–42.